Mr. Okundaye is President and CEO, Oases Offshore Nigeria Ltd, and a Director in Synterra Energy Assets and Phil Nugent Nigeria, Ltd. With over 30 years energy related experience, Mr. Okundaye has developed various business opportunities both in Nigeria and United States for a wide range of energy firms including Marathon, Burlington Resources, Spinnaker Exploration (Hydro Gulf of Mexico), Famfa Nigeria Ltd, Hoslyn Oil & Gas Services, Conoco Dupont Nigeria and NDPHC / NIPP, the Government Power Generation groups in Nigeria.
From 1983 to 1990, Mr. Okundaye was Manager of Budget Pricing & Gas Pipeline Transportation for the SW market areas at Columbia Gas Transmission Corp, Houston, Texas. Following that he established Common Resources Ltd in 1991, and provided oil & gas related consulting services to Famfa Nigeria Ltd, the Nigerian oil company holder of the deepwater block – Agbami (1 billion bbls ChevronTexaco discovery). Between 1993 to 1998, Mr. Okundaye co-founded Hoslyn Oil & Gas Nigeria, and was responsible for the $9m, 10,000 bpd Oziegbe oil production field for NNPC. In 1998, together with Mr. Phil Nugent he co-founded Phil Nugent Nigeria Ltd, to cater to the needs of various oil & gas consulting services in Nigeria and West Africa.
Between 2000 and 2001, the Phil Nugent Ltd Group consummated a consulting deal with the ERHC Energy Corp for the Sao Tome / Nigeria Joint Development Zone (JDZ) in the Gulf of Guinea, in West Africa. The JDZ holds over 14 billion barrels in potential reserves. The Phil Nugent Group holds substantial position in ERHC Energy shares.
Mr. Okundaye as President of Phil Nugent Nigeria Ltd recently secured a twenty (20yr) year contract with Niger Delta Power Holding Company to process up to 1bcf/day of pipeline fuel gas which could yield up to 45,000 barrels of day of mixed natural gas liquids and condensates in Nigeria for further export to USA.
Mr. Okundaye is married with three children.