Awoyomi launches three books on Nigeria’s oil industry

Many Nigerians will be curious to read the books titled The Cost of Fuel Scarcity in Nigeria, Cost Engineering And Cost Control of Medium to Major Capital Projects and Maximizing Government Net Revenue in the Oil and Gas Industry – Cost Engineering Perspectives, as these are some- some of the glaring problems that seem to be plaguing the country. The outgoing Managing Director of National Engineering and Technical Company Limited (NETCO), a subsidiary of Nigerian National and Petroleum Corporation (NNPC), Johnson Awoyomi, an engineer has just given a lecture on the above mentioned topics by launching three books on the Nigerian oil. and the gas industry. The first book, The Cost of Fuel Scarcity in Nigeria, is a lucid account of the concept of “War Rooms” in the evolving fuel scarcity in Nigeria as well as the cost borne by the users of the product whenever there is a shortage of fuel. The author explains what fuel shortage is and its causes, the concepts of Fuel War Room – its operations and governance; typical standard operating procedures (SOPs) that are developed and deployed in fuel war rooms and their applications. The book also provides a comprehensive answer to the cost of fuel shortage for a country like Nigeria using the principles of total cost management and whether the cost of fuel shortage is sustainable or not, as well as solutions such as deregulation or not, focus on renewable energy. such as wind, solar, hydrogen, carbon dioxide, among others, and also provides short and long term remedies to deal with the perpetual monster called “fuel shortage”. The second book, Cost Engineering And Cost Control of Medium to Major Capital Projects, is an intellectual guide for project management practitioners, project engineers, project managers, cost engineers and project controllers, builders and contractors. This is a textbook introducing the principles of cost engineering to beginners in cost engineering and project control. It also contains easy-to-apply techniques and tools for controlling the costs of large and medium-sized projects. In addition to this, it also examines the imperatives of cost engineering principles regarding the efficiency and discipline of managing capital programs. Awoyomi’s third book on Maximizing Net Government Revenues in the Oil and Gas Industry – Cost Engineering Perspectives provides the reader with step-by-step guidance on how organizations, operators, joint venture partners and the government can maximize their net revenues from the oil and gas industry. . Awoyomi began by introducing the topic “Cost Engineering” vis-à-vis national development and successful project management before delving into detailed strategies on: maximizing net government revenue from the oil and gas sector , controlling the cost of crude oil production, eliminating cycle contracts, benchmarking joint venture project costs, improving owner cost estimating practices and processes. He also explained the cost to JV partners, how to deploy best practices in managing total costs and the need to develop a database of historical project costs and recommended them to any organization, operator, partner of joint venture and government that really wants to maximize its net revenue. exhaustible natural resources such as oil and gas. Awoyomi recommends all three books to everyone, including housewives and schools. According to him, everyone makes engineering costs almost daily. “When you go to market and find that the price of something has changed, the cheaper alternatives you end up buying, the changes you make based on availability are already doing cost engineering.” The books’ chief pitcher, Melee Kyari, group general manager and chief executive of NNPC, in a virtual address, praised the author for addressing some of the issues affecting the oil and gas industry as well as various efforts. which he has put in at various times to help solve the fuel shortage problems in the country. He also said the books will help future generations understand some of the issues facing the industry. The Cost of Fuel Shortage in Nigeria book was reviewed by Adeyemi Adetunji, Group Executive Director, Downstream of NNPC, Maximizing Net Government Revenues in the Oil and Gas Industry – Cost Engineering Perspectives a was reviewed by Greg Akhibi, Business Manager Supply Chain, Shell Nigeria while cost engineering and cost control of medium to major capital projects was reviewed by Dr. Lola Amao, CEO of Lonadek. Awoyomi, who also used the occasion to mark his 60th birthday in Lagos, had served the oil industry in different categories at executive level.

Colin L. Johnson