SPE Lagos Section 61 Newsletter Dec 2018
SPE Lagos Section 61 Newsletter Dec 2018
SPE Lagos Section 61 Newsletter Dec 2018
IN THIS
ISSUE
SPE SECTION 61 NEWSLETTER VOL 6 ISSUE 1 Page |2
March 2019
▪ 1st: Nomination deadline for SPE Regional Awards
▪ 7th – 10th: Student Technical Symposium and Exhibition (STSE) at Obafemi Awolowo University, Ile Ife
▪ 13th: Monthly Technical Meeting
▪ 16th: YP Training Workshop (Python programming/ YP Speed Mentoring Session/ Mini-Happy Hour)
▪ TBD: Walk/Run for the Less Privileged
For more information, contact us at spelagos@gmail.com.
NAICE 2019
Nigeria Annual International Conference and Exhibition
Senior Members at the AGM with 2018 SPEI President Darcy Spady Industry Sponsors awarded and appreciated at the AGM
2018 SPEI President Darcy Spady expressing his appreciation Recipient of Scholarship award 2018 SPEI President Darcy Spady & Chikezie Nwosu with
after being gifted with a Nigerian attire some of the Industry Colleagues that were awarded
Onyebuchi Okereke Oghogho Effiom Temitope Oshuntuyi Fanyama Okoli Phillip Adegboye
Section Chairperson Program Chairperson Section Director Secretary Treasurer
Elesie Nnanna
Nurudeen Yusuf Chinenye Bekibele Biyi Awotiku Priscilla Enwere
Career Guidance Chair
Scholarship Chair Publicity Chair Membership Chair Special Projects Chair
Michael Oyere Chukwuemeka Kerry Chinyere Offor Preye Allagoa Obinna Okongwu Chinenyem Ohaji
Asst. Program Chair Asst. Young Prof Chair Asst. Publicity Chair Asst. Tech Transfer Chair Asst. Student Affairs Chair Asst. Secretary
Okpalla Jeffrey Gbenga Abe Nwakaji Nwakaji Obianuju Igbokwe Olisaka Onugbolu Odion Okosun
Asst. Community Chair Asst. Scholarship Chair Asst. Treasuer Asst Career Guid.Chair Asst. Membership Chair Secretariat
SPE SECTION 61 NEWSLETTER VOL 6 ISSUE 1 Page |6
Thumbs up by Section Officers from Lagos, Benin, Warri, Port Harcourt and Abuja Section present at NAICE 2018
Mrs Reginald Ugwuadu giving the Vote of Thanks at the Women Young Professionals pose with the Senior Members and 2018 SPEI President Darcy Spady after the
Development Workshop YP Workshop
SPE Lagos Young Professionals represented at the YP Away Day at Chevron Recreational Center, Section Members admire Darcy Spady’s musical performance
Gbagada as he plays the accordion
Applause for the Winners of the Best YP Sections In Nigeria (L-R Darcy Happy Mayhem on stage as Lagos Section and Port Harcourt Section grab the Best
Spady (2018 SPEI President) and Egbert Imomoh (2013 SPEI President) Young Professional (YP) Section Award
SPE SECTION 61 NEWSLETTER VOL 6 ISSUE 1 Page |7
L-R (a) Section Members arrive Dallas for ATCE 2018, (b) ATCE 2018 Grand Opening Session , (c) Students compete in Petrobowl
More than 300 technical papers representing sixteen (16) countries thereby closing the conference on a
emanating from hours of extended showcased at the conference. high note with inspired professionals
research were presented. ATCE 2018 Noteworthy accomplishments of E&P ready for the next year to meet again at
provided one of the largest displays of professionals were celebrated at the ATCE 2019 in Calgary, Canada.
innovative E&P products and Annual reception and banquet with Visit www.atce.org for more information.
technologies from over 360 companies more than 50 individuals honoured,
Representation of various Sections from Nigeria at the Annual Technical Conference & Exhibition 2018 at Dallas, Texas, USA
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Career Talk,
Ambassador
Organize Engage Industry
Lecturer Program
Technical & non- Stakeholders,
& Catch Them
Technical Support the
Young for 50
Workshops, Industry by Career Workshops,
indigent schools
Energy4me bringing diverse Talks, Webinars,
Increase perspectives SPE/Industry
membership to internship for YPs,
3000 persons by Mid-Careers,
July 2019 Students
Gabriel Bigwan delivering his lecture Augusta Etim delivering her lecture
Gabriel Bigwan responding to a question asked Entrance to the Venue Niyi Afolabi (Head Development & Wells, Eroton E&P)
giving the Sponsor’s remarks
Senior Members and Board Members at the Event with both Lecturers of the day (Gabriel Bigwan and Augusta Etim)
SPE SECTION 61 NEWSLETTER VOL 6 ISSUE 1 P a g e | 11
In order to improve Microsoft Excel proficiency amongst Topics learned included basics on Excel interface, absolute and
young professionals and students, SPE Lagos Section organized relative referencing, basic functions, conditional Sum
an Excel Café. Ms Excel offers Engineers the ease of managing functions, conditional Formatting, formula auditing/error
and analysing data promptly, thereby making informed checking, sheet Protection, data manipulation & validation,
decisions from these data. The Excel Cafe held on 29th text to columns, lookup functions, what-if Analysis, dynamic
September 2018 at the Virgin Rose Resort, Victoria Island. The Charts, introduction to Macros and VBA. The Young
event was facilitated by Chimere Alim and Victor Momoh. professionals were grateful for the value-adding café.
Cross Section of the Excel Café as Victor Momoh tutored the class.
2019 SPEI PRESIDENT COLUMN ‘WHAT DOES SUSTANABILITY MEAN FOR OIL AND GAS?’
Let us just imagine for a second what would happen to Japan,
South Korea, China and even Western Europe without oil and gas.
The majority of the energy needs for these sectors currently, and
for the long term, are met largely by oil and gas, without which
their economies would be negatively affected and their lifestyle
would diminish. These countries rely on the commodities we
produce to grow their GDP, develop their societies, and improve
the lifestyle of their citizens. With the abundance, mobility, and
affordability of oil and gas, the world economy not only thrives but
also fully supports continued growth, bringing more prosperity.
The social challenges facing the world, which can be seen in many
Dr Sami Alnuaim is the 2019 SPEI President. He has been with Saudi
of the UN SDGs, reflect issues our industry has been addressing
Aramco for 31 years, where he has worked in reservoir engineering,
production engineering, research and development and at the upstream since we first discovered resources in far-flung parts of the globe.
computer center. He has a long history of service to SPE and has been a When our industry discovers and develops hydrocarbon
member of the SPE Middle East Board of Directors. He is a recipient of resources, we help countries to develop socially by creating local
several SPE local, regional and international awards. In the recently jobs, enhancing the local content, and building infrastructure such
concluded ATCE 2018 at Dallas, Texas, he took a stand for sustainability as roads, schools, hospitals, water wells, housing, and
and here he speaks on ‘What Sustainability means for Oil and Gas’. communities.
After my October column, I heard from some members concerned Most large companies across our industry have significant social
about my plan to promote sustainability. They equated the term engagement programs in the areas where they operate. Most are
with a “green” agenda, and with stopping the use of fossil fuels. committed to doing the right things for their communities, not
While oil and gas are finite, not “renewable” resources, they are just the most cost-effective or easiest solution. Many of these
still crucially important to building a more sustainable world and companies voluntarily provide sustainability reports detailing how
will play a major role for a very long time, not only for global they respond to the challenges of the communities where they
economic growth but also for global social development and operate; these reports can typically be found on a company’s
human lifestyle enhancement. website. Our industry is making significant investments to address
In 2015, the United Nations (UN) adopted an ambitious agenda the social challenges facing our world.
for transforming our world by 2030. They established 17
sustainable development goals (SDGs) that address some of the Many SPE sections and university chapters around the world have
world’s most pressing challenges, such as poverty, hunger, health, impressive social responsibility programs. Our members are
education, clean water, and affordable energy. According to the donating blood, planting trees, cleaning beaches, conducting
UN, these 17 SDGs are integrated and indivisible, and they balance back-to-school drives, and visiting orphanages. I expect to have
the three dimensions of sustainable development: the economic, the honor to visit many of them and participate in their social
social, and environmental. programs. The social consciousness of the people throughout our
industry is impressive.
My focus during my term as SPE president is to highlight how the
oil and gas industry contributes to all three of these main The environmental challenge is no different. There are significant
concepts. I believe this can be achieved by mapping some of these initiatives across our industry to improve environmental
SDGs on what we do daily and explain how our industry is performance.
contributing broadly to the economy, society, and the
environment.
The impact of oil and gas on the global economy is evident.
According to BP’s World Energy Outlook for 2018, oil and gas
supply around 53% of the world’s energy needs, especially in the
transportation, chemicals, and manufacturing sectors. This
percentage is not expected to change much through 2040, with
the total volume of oil and gas demand expected to increase.
Exporting countries and those supplying their own energy needs
benefit from our industry through gross domestic product (GDP)
and economic growth. But even importing countries see
significant benefit from the oil and gas powering their economies. The UN Sustainable Development Goals, Source: IPIECA.org
SPE SECTION 61 NEWSLETTER VOL 6 ISSUE 1 P a g e | 13
2019 SPEI PRESIDENT COLUMN ‘WHAT DOES SUSTANABILITY MEAN FOR OIL AND GAS?’ cont’d
We start with the implementation of best-in-class environmental
practices from the exploration phase and go through the
development phases of drilling, production, management,
monitoring, and ending with decommissioning. We recognize that
the environmental impacts of our operations have far-reaching
consequences and that improvement is always possible.
The International Association of Oil & Gas Producers (IOGP) is an
excellent industry-supported initiative to document and share
such knowledge and best-in-class practices among all oil and gas
producers. Through this initiative, countries and companies
starting their oil and gas activities can benefit from the
SPE International Board Members Mr. Wumi Illedare (African Region Director – 1st Left) and Dr.
experiences of others. Sami Alnuaim (2019 SPEi President – 3rd left) with SPE Nigeria colleagues at ATCE 2018.
Carbon dioxide (CO2) and climate change concerns are our and gas industry’s contributions to these SDGs. IPIECA (the global
“Achilles heel” because many politicians and the public believe oil and gas industry association for environmental and social
that fossil fuels are the only sources of CO to blame. Hence, our issues) is developing a global reporting framework for
image is negatively presented, and our license to operate is being sustainability reporting. When adopted by the oil and gas industry,
limited. I am proud to say that we are taking a leadership role in it can be used by researchers and scientists to develop analytics to
many areas to contribute to solutions. For more than a decade, quantify the impact of our industry on the 17 SDGs. I am in
the US Environmental Protection Agency and producers have discussion with energy research groups in several universities
worked together on a voluntary methane emission reduction around the world to join this effort and help to develop advanced
program that has produced measurable reductions from analytics/correlations that provide transparent reporting on
upstream and pipeline operations. industry sustainability performance. I believe we have a positive
A recent study published in Science, titled “Global Carbon story to tell.
Intensity of Crude Oil Production,” shows that some countries, Despite all of the work our industry has done, there are still
such as Denmark, Saudi Arabia, Bahrain, Thailand, and Ghana, geographic areas where information is limited to show industry’s
have very low carbon intensity—very low methane and CO efforts to address the economic, social, and environmental
emissions for getting oil out of the ground and delivered to the challenge. I would like to encourage all oil and gas companies,
refinery. In addition to showing the efficiency of these countries, universities, and research institutes around the world to document
it highlights that among countries with higher carbon intensity, our successes and address the ongoing challenges in their
the No. 1 reason is gas flaring—something that can typically be geographical areas. I also urge members to join the SPE Sustainable
reduced or eliminated economically as the gas is captured for use Development Technical Section (currently more than 1,500
or sale. The World Bank Global Gas Flaring Reduction Partnership professionals) and to use SPE sustainability events and webinars to
reported that global flaring of natural gas declined by 5% in 2017 learn, share knowledge, and present the results of their studies.
even as oil production rose by 0.5%.
I must end this article by saying that sustainability is not a new
The International Energy Agency has confirmed the progress our concept in SPE. Our board started discussing the concept of
industry has made in reduction of CO and methane emissions. Our sustainability in 2010. The Sustainable Development Technical
industry has made a critical contribution to CO reduction through Section was created in 2015. As we developed our most recent
the substitution of clean-burning natural gas for coal and liquids strategic plan, we modified our vision for the future to include
in power generation, and to a lesser extent, in transportation. sustainability.
Another great initiative that shows our industry is fully engaged to SPE’s vision is to:
address the environmental challenge is the Oil and Gas Climate
Initiative (http://oilandgasclimateinitiative.com)). OGCI is a Advance the oil and gas community’s ability to meet
voluntary, CEO-led initiative taking practical actions on climate the world’s energy demands in a safe, environmentally
change. Its members leverage their collective strength to lower responsible, and sustainable manner.
the carbon footprints of energy, industry, and transportation I want to encourage members around the world to think about the
value chains via engagement, policies, investments (more than $1 many ways our industry contributes to a more sustainable world,
billion), and technology deployment. to join the great effort undertaken by SPE and the industry to
Our industry is indeed a key factor of the UN sustainability model, communicate our contributions, and to spread our positive stories
contributing to most of the 17 SDGs. What we need to do, as an in their communities to create an image of our industry that better
industry, is develop tools and analytics to globally quantify the oil reflects the value we create. (Sourced from SPE’s JPT Volume 7 Issue 12)
SPE SECTION 61 NEWSLETTER VOL 6 ISSUE 1 P a g e | 14
In line with her tradition of sampling the pulse of the industry and
sharing her vision and activities for the current year, SPE Nigerian
Council engaged in courtesy visits across the country to various
stakeholders in the Nigerian Oil & Gas Industry.
Past and present board members from SPE Lagos Section 61 were
well represented. Some of the companies visited in Lagos are
Total E&P Nigeria Ltd, Shell, Aiteo and Addax. These visits being in
the season of NAICE 2018 had the honor of having Darcy Spady
(2018 SPEI President) in attendance. Pictorial highlights during the
visits are provided below.
Group picture of SPE Nigeria Council Members with Addax Management
Group picture of SPE Nigeria Council Members with Management of Total E&P NIg Ltd Group picture of SPE Nigeria Council Members with Shell Management
To posit that the Graduate Employability Symposium with the Prof. OyinkePreye D. Orodu and many others.
theme “Graduate Employability: Bridging the gap between the The Panelists engaged in a panel session and delivered key
classroom and the industry” held at Covenant University on the note lectures at the symposium ranging from:
1st of October was a success, would be a big understatement. * Digitalization in the workplace: how to develop digital skills
It was organized by the Society of Petroleum Engineers using various platforms such as udemi, w3scools e.t.c and
Covenant University Student Chapter at the School’s Research the acronym 'try' (Time to Reinvent Yourself) was
Multi-Purpose hall. emphasized on.
Professionals across the industry from companies like Shell, * Soft skills & values required for the workplace such as
Total, Addax, NLNG, Schneider as well as Covenant University integrity and honesty, diligence, commitment and
travelled long distances to bring the industry to the classroom teamwork.
at the symposium. Professionals in attendance included the * Vital skills to develop for the workplace such as critical
Deputy General Manager, Total Exploration and Production - thinking, persuasive communication, leadership, problem
Musa Usman; the Talent Management and Corporate solving skills and lifelong learning ability.
Resourcing Manager, Nigeria Liquified Natural Gas Ltd - Mr. * How best to survive in a VUCA (Volatile, Uncertain,
Paul Bakare ably represented by the Senior Resourcing Officer Complex and Ambiguous) world: think globally, act locally.
NLNG - Godwin Nsude; the Planning Manager, Shell Nigeria A major take home was that you keep trying until a ‘no’
E&P Company - Mr. Abdulrahman Mijinyawa; the Marketing turns to a ‘yes’. Students and young professionals were
Communication Manager, Schneider Electric - Mrs. Viviane encouraged to attend such events whenever they have the
Mike – Eze; the Head Human Relations and Senior HR Business opportunity as it culminates in career advancement which
Partner, Addax Petroleum - Mr. Lanre Olaleye; the HOD, is the ultimate goal.
Petroleum Engineering department, Covenant University -
SPE SECTION 61 NEWSLETTER VOL 6 ISSUE 1 P a g e | 16
L-R, Vivian Mike-Eze, Godwin Nsude, Abdulrahman Mijinyawa delivering their topics at the Graduate Employability Symposium at Covenant University
Always TRY
VIVIAN MIKE-EZE T- Time to
Marketing Communication Manager, R – Reinvent
Schneider Electric Y - Yourself
ALP at Army Day Secondary School, Ojoo, Ibadan – September 21, 2018
YP Misturah Badru conducting ALP at Army Day Secondary School, Ojoo, Ibadan on the 21st of September 2018
YP Patience Ojoboh conducting ALP at Methodist Girls High School on the 10th of October 2018
YP Adedapo Omotosho conducting ALP at Olive Branch School, Ibadan on the 31st of October 2018
An Ambassador Lecturer Program was also conducted by Misturah Badru at The Tenets School, Ikorodu on 26th of November
2018.
SPE SECTION 61 NEWSLETTER VOL 6 ISSUE 1 P a g e | 18
Some of the SPE Lagos Section Board members at Chevron Some of the SPE Lagos Section Board members at SNEPCO
-
SPE SECTION 61 NEWSLETTER VOL 6 ISSUE 1 P a g e | 19
SPE Lagos Section Board Members conveying gift items to the Hospice A view of some of the gift items
The show of love and acts of service to the communities is a forever responsibility she has taken up. On December 2 nd, the
Section visited the ‘Hearts of Gold’ Children’s Hospice which caters for disabled children. It was a sobering yet heart-warming
experience as described by one of the Section’s board member in attendance.
A view of the Children at the Hospice Representatives of SPE Lagos Section at Hearts of Gold Children’s Hospice
SPE SECTION 61 NEWSLETTER VOL 6 ISSUE 1 P a g e | 21
On the 4th of December 2018, the Section organized a Webinar titled “OUT OF WORK, BUT NOT OUT OF
BILLS: Building your Personal Finance Strategy in the Current Economic Environment”. Mr Mohammed
Garuba, a seasoned Professional with Cardinal Stone, with over 20 years of experience in the financial
services sector, led the highly insightful webinar session. The online webinar attracted several
participants and it was indeed a worthwhile session. Excerpts are shared below.
Why Oil & Gas Professionals Events that could shape the Economy
FINANCIAL PLANNING require Financial Planning? and Investment climate in 2019
IS AN ONGOING PROCESS TO ➢ Changing dynamics in the Oil
▪ Devaluation of the Naira
and gas Industry and emerging
HELP YOU MAKE SOUND trends such as technology and ▪ Deregulation of the downstream oil sector
DECISIONS ABOUT MONEY IN renewables. ▪ Declining oil prices
ORDER TO ACHIEVE YOUR ➢ Modifications in HR policies in ▪ Imminent changes in monetary policies
line with variable costing trends. post 2019 general elections
GOALS IN LIFE
➢ NO ONE CAN MANAGE YOUR ▪ Implementation of cost reflective tariffs to
FUNDS BETTER THAN YOU improve power supply
FINANCIAL PLANING
SOME FINANCIAL PLANNING MISTAKES Your Personal
DEMYSTIFIED, steps to take
Thinking it is too late to start objectives determine
Relying heavily on gratuity payoff
1. Assess your financial
your investment plan situation
Concentrating all your investments in one
asset class No two persons may have same 2. Set your financial goals
Paying too high investment expenses investment plans as they have 3. Create a budget
Saving for retirement without a plan different circumstances and 4. Develop & implement
Not seeking professional help personal objectives. Given your plan
Underestimating post-retirement health competing demands for your 5. Regularly monitor &
care costs finance, set your objectives clearly
review your plan
SOME ASSET CLASSES & THEIR RISK/REWARD PROFILE SOME USEFUL TIPS
✓ Diversify your markets and asset classes
✓ Live within your means, deliberately save more than you consume
✓ Create multiple streams of income
✓ Take advantage of tax-exempt investments
✓ Create a budget, create a retirement portfolio
In Conclusion
Financial Freedom is a choice and not a dream.
When you make your choice, you are responsible for
making it happen.
MEMBERSHIP AWARENESS
Still thinking about why you should join SPE or renew your elapsed membership, here are some reasons why?
Below are invaluable resources available in SPE.
SOCIAL EVENTS
We rejoice with many of our members who celebrated their birthdays. The SPE family grew bigger as some members got
married, while others welcomed bundles of joy (babies) into their home. Notably also, the Section was represented at
the Commendation Service of Late Engr Yemi Akinlawon, the past SPE African Regional Director who was a firm supporter
of the Section and her activities. SPE was ably represented locally and internationally.
Personal Security
Keep a low profile, blend in and be alert to developments in your environment.
Avoid routine pattern of movements and late-night outings.
Save emergency numbers on your phone with speed dial for easy call in an emergency.
Financial Transactions
Keep all information concerning financial transactions strictly confidential.
Avoid carrying large sums of cash, do not carry bags or packages that may attract criminals.
Use ATMs only in safe and well-lit places and not late at night.
Travel Security
Always pre-plan your journey and ensure the vehicle is in good working condition.
Discuss travel plans only with immediate family members.
Stick to major routes and avoid lonely routes with bad roads and poor visibility
3. Work Safe
2. Abuja Section
1. 45 years old
Answers to Previous Trivia (Volume 5 Issue 4)
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spelagos
Chinenye Bekibele
Publicity Chair/ Editor in Chief @SPE_Lagos
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Chinyere Offor
Assistant Publicity Chair /Editor