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Uniport-Ips Grad Presentation-Final-Nov 30 2011
Uniport-Ips Grad Presentation-Final-Nov 30 2011
Presented by
& P companies play a critical role in meeting humanity s rapidly growing demand for oil and gas. The best E & P companies consist of teams of professionals who enjoy meeting that need by combining honesty and integrity with the daily pursuit of technological innovation and operational excellence
DR JUDE O. AMAEFULE PRESENTATION AT-IPS UNIPORT NOV 30 2011
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Many regions with large potential additional oil and gas reserves remain underexplored or unexplored
Location Offshore Mexico/USA Offshore Brazil Russia Eastern Mediterranean Central Asia Australia Indonesia/China Potential additional reserves 20 BBO 123 205 BBO 145 BBOE 68 BBOE 60 BBOE 27.5 BBO/BBOE 73.6 BBO/BBOE
Source: Signet
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Selected underexplored regions Gulf of Mexico Santos/Campos/Espirito Santo West Siberian Basin Nile/Levant Basins Caspian Basin Southern Georgina Basin Southeast Asia
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Source: USGS
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Source: HRT Participacoes DR JUDE O. AMAEFULE PRESENTATION AT-IPS UNIPORT NOV 30 2011
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Key Lessons
Forward Forward-thinking E&P companies focus on building shareholder value, and know that best practices is the foundation for long term success Excellence and integrity in all aspects of their operations, being good employers, and being good citizens in their host communities are manifested in higher returns on assets, lower production costs, better safety records, which will create better profit margins.
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The
WEALTH($$$)
CAPITAL TECHNOLOGY
The Petroleum Industry Drives The Nigerian Economy 30% GDP; 85% Govt Revenue; 95% Of Foreign Exchange
Power $$$
Agriculture
Refinery Fuels
Petrochemicals
Pharmaceuticals
Manufacturing
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Youth restiveness & lack of host community empowerment High Capex & Opex Low Nigeria/Local content Lack of Sustained rule of law (sanctity of contracts, regulations & legislation) High cost of project financing Low human capacity development Lack of ethics & integrity Energy Poverty Poor Corporate Governance Inadequate Capital
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Reserves Replenishment & Growth Productivity Enhancement Reserves/Production Ratio Return On Assets (ROA), Return On Invested Capital (ROIC), Return On Equity (ROE), Net Present Value (NPV) & Expected Monetary Value ( EMV) Earnings Per Share (EPS) Growth
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creation is the optimal use of time, money and management to effect possible growth in assets, cash flow and profits. Value can only be created in a sustained manner in an environment of Integrity and Excellence marked by Mutual Respect, Responsibility and Trust
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+ Human Capital+Skills =Knowledge Knowledge + Value-Leadership Value+Integrity = Excellence Operational Integrity +Excellent Management = EMV Enhancement
DR JUDE O. AMAEFULE PRESENTATION AT-IPS UNIPORT NOV 30 2011
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Technology
These five simple values are meant to be our guideposts for every action we take as employees or board members. They give us a shared set of principles and beliefs. They are not overly complicated and do not need a great deal of explanation. In most ways they speak for themselves, but they are very powerful reminders of our obligations to each other, to our customers, to our shareholders, and to the communities where we live and work.
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(Source: SPE)
engineer as a professional is dedicated to improving competence, service, fairness, and the exercise of well-founded judgment in the wellethical practice of engineering for all who use engineering services with fundamental concern for protecting the environment and safeguarding the health, safety and wellwellbeing of the public in the pursuit of this practice.
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SOURCE: SPE
Some Definitions
A. Ethics: Behavioral principles for satisfying morals; implies standards of conduct, duty and choices; Obedience to the Unenforceable.
B. Professional: A person who is highly accomplished in a specialized occupation to earn a living; implies learned study, personal dedication, service to mankind, and high standards of conduct.
C.Morals: Core values for living, relative to what is right, good or proper. D.Manners: Personal behavior in public; Not making the people around you uncomfortable. (Source: Peter Rose 2004)
DR JUDE O. AMAEFULE PRESENTATION AT-IPS UNIPORT NOV 30 2011
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Some Definitions
E. Integrity: Soundness of moral principle; the character of uncorrupted virtue, especially in relation to truth and fair dealing; uprightness, honesty, sincerity. F. Conflict of Interest: A situation wherein an individual or organization understood to have accepted responsibilities on behalf of others, finds its fiduciary duties compromised by co-existing opportunities from which it could privately benefit and/or damage the interests of those who are ostensibly being represented. (Source: Peter Rose 2004)
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Ask yourself: Would the resulting action be legal? Would stakeholders see the action as responsible stewardship? Would I feel good about the resulting action? Would I mind having information regarding the decision publicized? Have I consulted with peers/others regarding the perceived action and possible ramifications? Would the public view the perceived act as a responsible professional action?
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SOURCE: SPE
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Employability Employment/Remuneration/Productivity/Job Satisfaction/Promotion & Job Security Family/Marriage/Spouse/Children/Family Care & Responsibility Prosperity & Wealth Creation Societal Expectations & Management Food Security Energy Poverty Population Growth & Competition for Jobs Global Warming/Environment and Health National Economic Growth Explore opportunities as Technopreneurs
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Bright Careers
Source: JPT, January 07 (fig.3 pg 17) DR JUDE O. AMAEFULE PRESENTATION AT-IPS UNIPORT NOV 30 2011
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Your degree is a passport to adventure, not the adventure itself Use your degree and everything you learn on the job and in life to be a better professional and a better colleague Every day you should be energized to meet and surmount challenges Remain restlessly curious and enthusiastic about the remarkable world we live in, and what you can do to make it better place for your generation and your children and their children who will follow you: make them you: proud
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most admired and successful companies in the world protect and build their reputations every day by serving human needs with reliable products, by developing and caring for their employees, and by being good global citizens Corruption and moral short-cuts are shortrepellent to their corporate DNA
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With His loving kindness and His mercy, the Good Lord created and blessed each of us with a certain element of creativity
Matthew 22;36-40: Teacher, which is the greatest commandment in the Law? Jesus replied: Love the Lord your God with all your heart and with all your soul and with all your mind. This is the first and greatest commandment. And the second is like it: Love your neighbor as yourself. All the Law and the Prophets hang on these two commandments. If you take to heart and live those two commandments every day of your life, your life will be immeasurably enriched by those you meet on your life s journey, regardless of their backgrounds, as yours will be by theirs Love of the Lord and treat your neighbors with love, respect, consideration, trust and integrity
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Concluding Remarks
Once you get employed in the Oil and Gas Industry,you must endeavour to avoid Corrupt practices such as bribery from Service Contractors, Ownership of private Service Companies, abuse of the bidding process in the procurement of goods and services Ensure & Preserve Integrity of Leadership; Personnel; Leadership; Personnel; Systems; Systems; Processes & Procedures
Don t Compromise Excellence for Mediocrity and Preserve the tenets of Our Great Profession Acquire wealth honestly and be charitable
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If a Village Boy Like Me Can Do It With Ethical Behaviour, Integrity & Professional Excellence , You Can Definitely Do It Better With
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