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NAPIMS News PDF 2Nd Quarter 2012

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NAPIMS News PDF 2Nd Quarter 2012 NAPIMSNAPIMS INFORMATION The National Petroleum Investment Management Services M ISSION (NAPIMS) in the Exploration and Production Directorate To enhance the benefits accruing to the of NNPC is an integral arm of the Corporation which Federation from its investments in the upstream manages Government investments in the Joint Ventures, petroleum industry through effective cost control Production Sharing Contracts and other contract & supervision of JV & PSC operations, as well as agreements in the upstream sector of the industry. opening up new frontiers. NAPIMS also markets the Federation’s accruable crude and engages in direct exploration. VISION Head Office: 8/10 Bayo Kuku Street, Ikoyi, Lagos. To become top class portfolio managers of Telephone: 01-2692281 government investment in the Oil and Gas Website: www.napims.com Upstream Sector. FROM THE Helen Nkwo [email protected], EDITOR [email protected] t is my joy and privilege to welcome you to another NAPIMS’ former GM, Planning, Mr. Victor Briggs was exciting edition of your favourite magazine – NAPIMS appointed the Managing Director of the Nigerian Petroleum INEWS. Development Company (NPDC), Benin. It is a pot pourri of the good and the bad during the second Crude Oil theft and pipelines vandalism especially in the quarter, 2012. Understandably, the tone is low, as we mourn coastal areas have become alarming and is no doubt, taking the painful death of the Chief Spokesperson of the Nigerian its toll on the economy of the nation. In a recent move to Petroleum Corporation, Dr. Levi Ajuonuma alongside three check this menace, the Honourable Minister of Petroleum other management staff of the NNPC in the ill-fated Dana Resources, Mrs Diezani Alison-Madueke convened a high plane crash which occurred on June 3, 2012. We pray that powered security meeting to profer solutions that will their souls rest in perfect peace – AMEN. mitigate this endemic challenge. In a recent shake up to position the Nigerian National The Honourable members of the House of Representatives Petroleum Corporation for greater effectiveness, the Committee on Gas Resources visited NAPIMS recently as President and Commander in Chief of the Nigerian Armed part of their oversight functions. The honourable members Forces, President Goodluck Jonathan appointed Engr. rated NAPIMS very highly for the quality and calibre of its Andrew Yakubu as the new Group Managing Director of management and staff. the Corporation. Also appointed are Engr. Abiye Membere as the Group Executive Director, Exploration and For your reading pleasure, we have included articles on Production, Engr. Anthony Ogbuigwe as GED Refinery & renewable energy, time management, conflict management Petrochemicals and Mr. Bernard Otti as GED, Finance and and discovering and developing potentials in children. Accounts. Members of the previous management who were retained are Dr. David Ige, GED, Gas & Power, Dr. Attahiru In the health column , we have started a series on the Yusuf, GED, Commercial & Investment and Dr. Peter Management of Diabetes. Please read, be informed and Nmadu who was confirmed as GED, Corporate Services. stay healthy. IN THIS EDITION Engr. Andy Yakubu Appointed The GMD of NNPC pg 6 Dr. Levi Ajuonuma And Three Other Management Staff Of NNPC Die in Dana Airline NEWS Crash pg 8 Crude Oil Theft – A Major EDITORIAL Editor Threat To Economic Helen Nkwo Growth pg 10 Editor-In-Chief Achilles International Kennie A. Obateru (Dr.) Design/Production On A Courtesy Call 01-8445716, To Nipex pg 15 Deputy Editor-In-Chief 08023178885 Philo Okonkwo (Mrs.) NAPIMS News is a quarterly journal of the NATIONAL PETROLEUM INVESTMENT MANAGEMENT SERVICES, a Corporate Services Unit of NNPC for distribution to staff and the public, FREE. All contributions to the publication should be forwarded to [email protected] The views expressed therein are those of the authors and do not [email protected], [email protected] necessarily reflect the views of the Corporation. 3 NAPIMSnews HOUSE COMMITTEE ON GAS COMMENDS NAPIMS By: Helen Nkwo The GGM NAPIMS, Mr. Morrison Fiddi, FNAPE addressing the Honourable Members of the House Committee on Gas APIMS has been commended for the quality and calibre of Nstaff manning its affairs. This commendation came from the members of the House of Representatives Committee on Gas, while responding to the presentation made by the Group General Manager, NAPIMS, Mr. Morrison Fiddi, FNAPE to the Committee who visited NAPIMS recently as part of their oversight function recently. The Chairman of the Committee, Honourable Ewa Bassey Eko expressed deep satisfaction on the quality and content of the presentation. He said, going by the intelligent and Chairman House of Reps Committee on Gas Hon. Ewa Bassey Eko brilliant performance of the GGM and 4 NAPIMSnews The GGM, NAPIMS making his presentation to the Honourable Member of the House Committee on Gas his management team, it was clear that NAPIMS’ core drive, to help boost the infrastructure. The gas supply the NNPC housed most of the best nation’s economy. infrastructure will enable the gas brains in the oil and gas industry in suppliers to move the gas to locations Nigeria. He then appealed that such The GGM informed the honourable where they are needed in order to avoid knowledge should be brought to bear members of some on the ongoing a ‘stranded gas’ situation. in the ways they discharge their Independent Power Projects which functions in order to move the nation include Okpai Power Project, Afam Reacting to a question from one of the forward. In his words, the honourable Power Project, Agura Power Project, members of the Committee, the GGM Chairman said “We are indeed glad to QIT Power Project and Obite Power seized the opportunity to brief the meet a great team of young and Project. He expressed the hope that Honourable Members about the 3D energetic men and women with love these will be completed on schedule. seismic acquisition technology being and readiness to serve Nigeria in On a worrisome note however, the deployed in the ongoing exploratory NAPIMS”. GGM said that all these efforts of activities in the Chad Basin. He said growing gas reserves and building the project has progressed to the fifth In the presentation, the GGM informed Independent Power Plants may not phase and data is being processed for the Honourable Members that yield the desired results except interpretation by experts. He appealed NAPIMS was working assiduously to measures are taken urgently to put in for patience and understanding on the promote gas monetization through place adequate domestic gas supply part of all stake holders. investment in export and domestic gas utilization projects. He said that NAPIMS was unrelenting in its efforts to ‘grow’ gas reserves to ensure adequate gas supply for the NIPP projects which will support the Federal Government of Nigeria’s gas to power initiative. Mr. Fiddi revealed that, NAPIMS, through aggressive exploratory activities, with her partners, has grown more gas reserves (both associated and non-associated) which currently stands at 148 Bcf. He also said that gas utilization has been on the increase due to increased consumption by power generating plants which invariably has led to a decrease in gas flare since 2010. This, he said remains one of The GGM NAPIMS, Mr. Morrison Fiddi (left) and the Honourable Chairman House Committee on Gas, Honourable Ewa Bassey Eko 5 NAPIMSnews ENGR. ANDY YAKUBU APPOINTED By: Helen Nkwo THE GMD OF NNPC n a recent shake-up at the top management level of the Nigerian National Petroleum Corporation, (NNPC) Engr. Andy Yakubu has been appointed the Group Managing Director of the Corporation. Prior to this appointment, IEngr. Yakubu was the Group Executive Director Exploration and Production, Engr. Yakubu replaces Mr. Austin Oniwon who was retired from the services of the Corporation alongside three Group Executive Directors – Mr. Philip Chukwu (GED, R & P), Mr. Billy Agha (GED, E &T) and Mr. Michael A. Arokodare (GED, F & A). Also appointed are Engr. Abiye Membere as the Group Executive Director, Exploration and Production, Engr. Anthony Ogbuigwe as GED Refinery & Petrochemicals and Mr. Bernard Otti as GED, Finance and Accounts. Members of the previous management who were retained are Dr. David Ige, GED, Gas & Power, Dr. Attahiru Yusuf, GED, Commercial & Investment and Dr. Peter Nmadu who was confirmed as GED, Corporate Services. Also the former General Manager, Planning, NAPIMS, Mr. Victor Briggs was appointed the Managing Director of the Nigerian Petroleum Development Company (NPDC), Benin. PROFILE OF THE NEW GROUP MANAGING DIRECTOR, NNPC, ENGR. ANDREW LAAH YAKUBU PERSONAL DETAILS Born on the 10th of September, 1955, Engr. Andy Yakubu hails from Ungwar Wakili-Zonzon in Kaduna State. INSTITUTIONS ATTENDED WITH DATES: Engr. Andrew Yakubu attended the Ahmadu Bello University, Zaria where he obtained a B.Sc. in Chemical Engineering in 1979. Prior to then, he had schooled at the College of Arts and Science, Zaria and the Government College, Keffi. CAREER: He started his professional work career with the Nigerian National Petroleum Corporation at the Kaduna Refinery. His professional work experience includes: June 26 – Date Group Managing Director, NNPC Feb. 2011 – June 26, 2012 Group Executive Director, Exploration and Production Sept. 2007 – February 2011: Managing Director, Warri Refining & Petrochemical Company Limited Dec. 2006 – Sept. 2007 General Manager, Engineering & Technical Services, CHQs Mar. 2005 – Dec. 2006 Executive Director, Operations, NETCO Apr. 2004 – Mar. 2005 Executive Director, Operations, Nigerian Gas Company Oct. 2001 – April 2004 Manager, JV Oil Engr. Andy Yakubu, GMD, NNPC Facilities, NAPIMS 6 NAPIMSnews PROFESSIONAL AFFILIATIONS: AWARDS: Fellow, Nigerian Society of Chem. Engineers 1987: NNPC Group Managing Director’s Award for Fellow, Nigerian Society of engineers outstanding performance. American society for Chemical Engineers 1997: Nig. Society of Chem. Engineer’s 1997 Foundation Member, Nigeria Gas Association. Presidential Merit Award for actualizing the COREN registered – R11250.
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