Moni Pulo CEO Reaffirms Strategic Stability and Announces Significant Gas Reserve Expansion at Annual Corporate Event

Moni Pulo CEO Dr. Seinye O.B. Lulu-Briggs reveals new gas reserve discoveries and celebrates 12 years of operational stability in Nigeria’s energy sector.

By: AXL Media

Published: Mar 3, 2026, 9:35 AM EST

Source: The information in this article was sourced from The Nation Newspaper

A Foundation of Resilience and Indigenous Industry Leadership

Moni Pulo Limited has marked its twelfth year of dedicated corporate stability, a milestone the company attributes to a foundational philosophy of faith and strategic persistence. During the annual gathering in Port Harcourt, Chief Executive Officer Dr. Seinye O.B. Lulu-Briggs recounted the company’s origins, specifically the decision by founder High Chief Dr. O.B. Lulu-Briggs to acquire the firm's pioneer asset against prevailing professional advice. This calculated risk resulted in the discovery of "First Oil" on March 7, 1999, cementing the company’s status as a pioneer among Nigeria’s independent indigenous producers. The CEO emphasized that the company’s culture is defined by unwavering gratitude and a commitment to long-term sustainability despite early commercial skepticism.

Extended Life Cycles of Pioneer Energy Assets

By standard scientific and commercial projections, Moni Pulo’s primary production field was expected to reach exhaustion over ten years ago. However, Dr. Lulu-Briggs revealed that operations have continued far beyond these initial life cycle estimates, maintaining steady output levels. This sustained performance has allowed the company to transition from a single-asset focus to a more diversified operational outlook. The CEO noted that this longevity is a testament to the company’s technical discipline and asset management strategies, which have enabled it to remain a relevant player in the Nigerian upstream sector long after its predicted terminal date.

Full Compliance with the Petroleum Industry Act

Moni Pulo has distinguished itself in the regulatory landscape as the first indigenous firm to achieve total compliance with the Host Community Development Trust (HCDT) requirements under the Petroleum Industry Act (PIA). This framework has facilitated a structured approach to corporate social responsibility, moving beyond ad-hoc interventions to sustainable community engagement. According to Dr. Lulu-Briggs, the trust has successfully delivered a variety of infrastructure projects, including healthcare facilities, educational renovations, and solar lighting installations. These initiatives are designed to foster a stable operating environment by aligning the company’s commercial interests with the livelihood support and sanitation needs of its host communities.