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Manish Takes Over From Phillip Ihenacho

Seven Energy Finance Limited has announced the appointment of Manish Maheshwari as its Chief Executive Officer.
Until recently the Chief Executive Officer of Essar Exploration & Production, Maheshwari succeeds Phillip Ihenacho, who had elected to step down from a full time executive role with the Company.

Maheshwari has over 25 years’ experience in the oil and gas sector. Before his movement to Essar in November 2014, he was Managing Director of Hindustan Oil Exploration Company Limited, a subsidiary of the Italian giant, ENI SPA.
The Essar job entailed responsibility for 15 blocks and fields in various stages of exploration and production in India, Indonesia, Madagascar, Nigeria and Vietnam. The total reserves and resources across these assets were estimated, by the company, to be 2,034MMBOE in March 2015.

“Manish has been instrumental in turning around and delivering multi-fold growth from onshore and offshore assets in a safe, timely and cost effective manner in his previous assignments”, Seven Energy notes in a statement. “Manish has been involved in negotiating Production Sharing Contracts with Governments, Joint Operating Agreements with National & International Oil Companies, Crude Oil Sales Agreements, Gas Sales Agreements with aggregators and end users, as well as successfully completing several farm-in and farm-out arrangements.

Manish brings rich experience overlapping technical, commercial and financial domains in emerging economies. Manish has a Bachelor (Hons.) in Engineering and a Masters in Business Administration from Strathclyde University and has been a member of several professional bodies including the Society of Petroleum Engineers (SPE) and Association of International Petroleum Negotiators (AIPN).

Seven Energy is a leading player in the domestic Nigerian gas market, supplying gas to the power generation and manufacturing industries, principally through its own integrated processing and pipeline infrastructure, and the backing of strategic long-term investors. The Group’s midstream gas infrastructure assets, focused in the south east Niger Delta, include the 200 MMscf/d Uquo gas processing facility and a gas pipeline network of 260 km with distribution capacity of 600 MMscf/d. Its upstream assets include licence interests in the Uquo Field and the Stubb Creek Field (south east Niger Delta), an indirect interest in OMLs 4, 38 & 41 through a Strategic Alliance Agreement with Nigerian Petroleum Development Company (north west Niger Delta) and a licence interest in OPLs 905, 907 and 917 (Anambra Basin). The Group has its main offices located in Lagos and London.


Africa’s Luckiest Explorer Gets A New Director

Cairn Energy, which found commercial quantities of oil during a low price regime when other independents were encountering gas, has picked a new director to oversee its aggressive exploration programme.

Eric Hathon joins the company from Marathon Oil Corporation where he held the position of Director Conventional Exploration, based at the company’s Headquarters in Houston, USA.

Hathon succeeds Richard Heaton, currently Cairn’s Director of Exploration, who is retiring after 23 years service with the company. Heatonwill step down from his role following Cairn’s Annual General Meeting in May 2017. 
Following a handover period, Hathon will be responsible for leading all of Cairn’s future exploration activities, which has Nporth West Africa as a major heartland.
 
He will be a member of Cairn’s Senior Leadership team and will report directly to Simon Thomson, Chief Executive.
Hathon joined  Marathon Oil Corporation in 1991 as an Exploration Geologist. Since then he has worked in a number of senior international management roles covering North and South America, Europe, Middle East and Africa. 

In addition to exploration responsibilities, Eric has held asset management and international new venture roles with Marathon. He has a BSc in Geology from Michigan State University and an MSc and PhD in Geology from the University of Missouri.


George Osahon Is New Chairman of Energia’s Board

George Osahon, former Director of Department of Petroleum Resources, has been elected Chairman of the Board of Energia, the Nigerian Independent.

He takes over from Albert Horsfall, the career detective and intelligence operative and founding Chairman of the Oil Mineral Producing Areas Development Commission (OMPADEC), the precursor of the Niger Delta Development Commission (NDDC).

Energia, operator of the Ebendo marginal field in Oil Mining Lease (OML) 56 in the western Niger Delta, was founded in 2001 by a group of Nigerian elite oil industry technical professionals, some of who provided technical services on the field development via the companies they own and run, in lieu of cash, for their equity investment. Mr. Osahon was in that founding team.

The Ebendo field has been producing since 2009 and at some point reached over 6,000BOPD in production. Its fortunes have, however dwindled in the last six months, producing 1,276BOPD in September 2016 (five months ago) according to NNPC’s latest figures.


Dos Santos Didn’t Fire The Top Sonangol Board

By Toyin Akinosho

But she is clearly discrediting the old guard

Isabel dos Santos sacked the Executive Committee of Sonangol P + P, the small production company which is an operating arm of the upstream segment of Angola’s state hydrocarbon firm, Sonangol.

The daughter of the country’s President, who is also the Chairman of Sonangol, has taken on the title of CEO of P+ P, and it looks as though the unit is being merged with Sonangol EP, internal sources told Africa Oil+Gas Report.

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Agbaire is Shell Nigeria’s Top Geoscientist

Dan Agbaire has been named the General Manager Exploration Nigeria at the Shell Petroleum Development Company of Nigeria.
That’s the top exploration job in all the Shell Companies in Nigeria (SCIN).

Until the appointment, the 52 year old earth scientist was the Regional Discipline Lead, Production Geology/Production Seismology, Shell Upstream International, Sub Sahara Africa

Agbaire holds a 1986 Master of Science Degree in Geology/Earth Science from the University of Benin, located in the Western flank of the country’s oil rich Niger Delta region. In 1987, he joined Geotrex, which then was  a bespoke, boutique petroleum geoscience consulting company in Nigeria. He left Geotrex four years after and has worked for Shell, in positions of increasing responsibility, for 25 years.


Barry Morgan Lifts the Trophy

About time: the most influential hydrocarbon journalist on the continent gets the Lifetime Achievement Award

By Toyin Akinosho

The doyen of Africa’s oil journalists has won the Lifetime Achievement Award of the African Upstream landscape.

Barry Morgan, West African correspondent of the Norway based Upstream Newspaper, received the award at the Africa Oil Week in Cape Town, for “his significant personal effort. sustained commitment and exceptional dedication to building the Cape to Cairo oil and gas industry and continental economic future”.

It was about time.

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Owieadolor Gets the Big One

Osa Owieadolor, Managing Director of Platform Petroleum, has been awarded a Fellowship of the Nigerian Society of Engineers (NSE), one of the highest honours in the engineering profession in the country.

Owieadolor, 46, has over 22 years cumulative experience in the Nigerian Oil and gas industry including stints with Texaco Oversea Petroleum Company, Oildata Wireline Services Ltd, Shell Petroleum Development Company and Platform Petroleum Ltd.

He Joined Platform in 2007 as a pioneer Technical Lead, “venturing into the then relatively untested waters of the Nigerian Marginal Field Development programme”, Platform says in a release.

Incidentally, Platform was the first company among the 24 Nigerian independent awarded marginal fields in 2003, to reach first oil. Platform started crude oil production in the same year that Owieadolor joined, so in a sense, he met the company on the way to production.

He served as Head Production Operations, Technical Manager, Chief Operating Officer, Executive Director Operations before becoming Managing Director of the company in May, 2015.

Born on the 5th April, 1970 in Iguobazuwa, Edo State, he holds a B.Eng degree in Petroleum Engineering (1992) from the University of Benin – Nigeria, MBA from the Lagos Business School(LBS), Pan Atlantic University, Certificate in Leadership & Innovation from IESE Business School in Barcelona and also an alumnus of the prestigious Harvard business School, Boston, USA.

Owieadolor is a member of several local and international Professional bodies inclusive but not limited to; Member, Society of Petroleum Engineers (SPE), Nigeria Society of Engineer (NSE), Nigeria Association of Petroleum Explorationist (NAPE), Council for the Regulation of Engineering in Nigeria (COREN), Research Advisory Board Member of the Institute of Petroleum Studies (IPS) – Uniport, Member Board of Trustee of the Energy Institute Nigeria Council and several others.

He is a recipient of several awards and recognitions within and outside Nigeria.

 


Ladol’s Founder Becomes Chairman of NDPR

Ladi Jadesimi, founder of the Lagos Deep Offshore Logistics (LADOL) base, has been elected Chairman of thebbbg Niger Delta Petroleum Resources Limited (NDPR).

Mr. Jadesimi took over from Goodie Ibru, the Hotel magnate who had been Chairman since 2012 and who retired from the board after serving for 10 years.

A graduate of Oxford University (Jurisprudence, 1966) and Fellow of the Institute of Chartered Accountants, England and Wales, Mr. Jadesimi is former Partner of Arthur Anderson in Nigeria.

After over 15 years of practice as a Chartered Accountant, Jadesimi took early retirement from practice to engage in private business, primarily in banking, oil and gas and real estate.

In 2000, started planning, with others, a purpose-built, state-of-the-art logistics and engineering base west of the Niger Delta.

“LADOL was conceived and designed to be an efficient, custom-built, fully integrated, secure and independent engineering and logistics base operating 24/7 in the LADOL Free Zone for deep offshore oil and gas projects”, the company says in its website.

Apart from NDPR and LADOL, Jadesimi serves on the board of several companies, including First City Monument Bank (FCMB), as a Non-Executive Director.


Omorodion Leads NAPE Out of the Low Price Tunnel

Delivers career centre, medical insurance and training for Africa’s largest grouping of geoscientists

Nosa Omorodion took charge of the presidency of Africa’s largest club of petroleum geoscientists at an inauspicious time.

Crude oil prices have remained at less than 40% of their 2013 value and a wave of retrenchments has swept the industry, affecting jobs and careers. The Presidency of the Nigerian Association of Petroleum Explorationists (NAPE) has largely been a ceremonial, non-executive chairman of the board kind of role.

Now Mr. Omoriodion, 48, finds that he must turn the position  into a more hands-on job.

His quarterly open letter to the 7,000 strong association demonstrates the urgency of the task to make NAPE a tent of comfort that could shield as much as possible, its members from the stormy gale.

“From where I sit I feel everyone’s pain”, he says in his first floor corner office in the Lagos office of Schlumberger, the world’s largest oilfield service company.

He doesn’t have to expatiate. Mr. Omorodion is a director in the Schlumberger Nigeria system. In the fourth quarter of 2015 alone, the company worldwide effected workforce reduction of 10,000 employees. He has personally witnessed long- time friends and colleagues around him asked to take a walk.

Still, his response to the carnage as NAPE President has been unique in the 41 year history of this advocacy group for the geoscience profession.

In his last letter, he announced that NAPE has set up:

  • A Career Centre that will help with job postings.
  • A one-off ”Graduated dues” payment scheme for members. Details will be in my next communication. This will however have to pass through the rigors of the AGM.
  • Online Training Platform to help retool the professional careers of members will kick-off in Q3 2016
  • Commencement of the much anticipated Healthcare scheme. This is set to go live by mid-August with Zenith Medicare as NAPE’s Healthcare provider

Each of this initiatives is new to NAPE which, on the surface, looks like a gathering of some of Nigeria’s highest earning tribe of professionals.

Mr Omorodion, a graduate of the Federal University of Technology in Akure, in the west of Nigeria, has put in 26 years in the hydrocarbon industry, 15 of them in the Schlumberger system, in Europe and Africa. But he has also devoted much of that time in the structure of geologist’s associations such as NAPE. He was, between 2010 and 2012, President of the Africa Region chapter of the American Association of Petroleum Geologists (AAPG), the largest body of petroleum geologists on the globe.

What he has observed is that the current downturn has also come at a time of the Great Greying of the industry in Nigeria. In the mid-1990s, the earliest generations of geoscientists to have reached the top executive ladders of the major multinational corporations started to retire. Several generations have followed them and with the recent drastic drop in crude oil prices, the industry is resetting itself.

It is to the credit of this incumbent NAPE President that he sees that a semi cooperative structure is important for NAPE, to shield its members from the vagaries of an economy that is, especially in Nigeria, a see-saw of sorts.

 “The economic situation, more particularly in relation to our plan to deliver superior service, institutional reforms, improve infrastructure, establish good governance and enhance  overall membership experience”, Mr. Omorodion says in his letter, “confronts us with factors which are matters of  grave concern”.

Top on his table is the Healthcare insurance issue, which he flagged off on June 30, in Warri, the main city in the western Niger Delta basin. “Our next stop will be Port Harcourt chapter on July 27 followed by Abuja, Benin, Lagos and University of Ibadan in August. Details of the coverage and network of Zenith Medicare, the Healthcare provider as well as application forms can be downloaded from the NAPE website http://www.nape.org.ng/news/general-news/item/232-nape-health-management-organizations-hmo-takeoff.”

 The healthcare scheme caters to various categories of membership; from students to active/associates, corporate members and retirees. “A personal satisfaction for me is that regardless of the nature or type of employment, affordable first class Healthcare services for members and their dependents can now be accessed through NAPE.

My personnel commitment will be to mobilize many senior industry operatives to contribute to a pool that will aim to subsidize and support students and junior members to partake in this program and good news is I have already started the engagement”.

That settled, Omorodion talks about other things. NAPE is going to work on revamping the idea of the NAPE Foundation, which was created in the 90s to build up a buffer for a time when oil companies might not be keen on sponsoring the events of the body. “We have reintroduced the minimum annual N2000 foundation dues for members and have concluded plans to reinvigorate the NAPE Grants-in-Aid support for university students.

It was Lyndon Johnson, a former American President who said “There are no problems we cannot solve together, and very few we can solve ourselves”. Our seniors and retirees will be encouraged to donate their works, papers, books, time, gifts and assist with sponsorship of YPs and students.

But the advocacy for quality oil industry governance is what NAPE has been known for. And President Omorodion is aware that even if he does well in other areas, including new, life-saving initiatives, he would have failed if he does’t advance the association’s cause as a leading think tank for industry policy. “We shall strive to remain relevant in the legislative processes for the development and enactment of the laws that regulate the oil and gas industry in Nigeria. Silence and non-participation is not an option.

Our capacities and resources may be limited, but our voice must not be muted. In June we initiated a forum for subtle advocacy where CEOs/senior industry operatives and top government personnel rub minds and thoughts on ideas around our beleaguered industry and economy. Our guest was the COO/GED Upstream NNPC. The goal is to institutionalize this into a quarterly senior industry evening reception.

A special business publication that will be the repository go-to reference book, covering sections from Exploration opportunities and resource placement, Funding and Investment Climate, Divestment and Acquisitions, Hydrocarbon accounting, gas supply and monetization is at an advanced stage. The target launch date remains October 2016.

“The industry may be passing through a tough phase but let us never fail to remember that as geoscientists we light up the world. Our ideas find oil and gas. Gas remains the major source for power, and power the cornerstone for industrialization.  Can you imagine a world without geoscientists? “


Baru’s Triumphant Return: Be Afraid! Be Very Afraid!

By Toyin Akinosho

Four months after he was shunted to a position that was far less influential than his previous post, Maikanti Baru emerged, July 4, 2016, to take the top job at the Nigeria National Petroleum Corporation NNPC, the state hydrocarbon company.

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