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Awoyomi launches three books on Nigeria’s oil industry

By Florence Utor
23 February 2022   |   3:03 am
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 Maximising Government Net Revenue..

Johnson Awoyomi

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 Maximising Government Net Revenue in the Oil and Gas Industry – Cost Engineering Perspectives, as these are some glaring issues that seem to plague 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 just did an expose of the topics mentioned above as he launched three books on the Nigerian oil and gas industry.

The first book, The Cost of Fuel Scarcity in Nigeria, is a lucid narrative of the concept of “War Rooms” in the evolution of fuel scarcity in Nigeria as well as the cost the users of the product bear anytime there is fuel scarcity.

The author explains what fuel scarcity is and its causes, the concepts of Fuel War Room- its operations and governance; typical Standard Operating Procedures (SOP) that are developed and deployed in fuel war rooms and their applications.

The book also provides a comprehensive answer to the cost of fuel scarcity for a country like Nigeria using the principles of Total Cost Management and whether the cost of fuel scarcity is sustainable or not as well as proffer solutions such as deregulation or not, focus on renewable energy such as wind, solar, hydrogen, carbon dioxide among others and also provides some short and long term remedies to deal with the perpetual monster called “Fuel Scarcity.”

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, project owners and contractors.

It is a manual introducing the principles of Cost Engineering to beginners in Cost Engineering and Project Controls and it also contains some simple-to-apply techniques and tools on cost control of both large and medium-sized projects.

Besides this, it also examines the imperatives of Cost Engineering principles concerning capital programmes management efficiency and discipline.

Awoyomi’s third book on Maximising Government Net Revenue in the Oil and Gas Industry – Cost Engineering Perspectives provides the reader with a step-by step guidance of how organisations, operators, joint venture partners and government can maximise their net revenues from the oil and gas industry.

Awoyomi started by introducing the subject ‘Cost Engineering’ vis-à-vis National Development and Successful Project Management delivery before delving into detailed strategies on: Maximising government net revenue from oil and gas sector, controlling the cost of crude oil production, crashing the contracting cycle, cost benchmarking of Joint Venture Projects, improving owners cost estimating practices and processes.

He also explained the cost to JV partners, how to deploy best practices in total cost management and the need to develop historical project cost database and recommended them to any organisation, operator, Joint Venture Partner and government that really wants to maximise its net revenue from exhaustible natural resources like oil and gas.

Awoyomi recommends the three books to everyone including housewives and schools. According to him, everybody does cost engineering on almost a daily basis. “When you go to the market and discover the price of something has changed, the cheaper alternatives you end up buying, the changes you make based on availability is already practicing cost engineering.”

The chief launcher of the books, Melee Kyari, the Group Managing Director and Chief Executive Officer of the NNPC, in a virtual address, lauded the author for addressing some of the issues affecting the oil and gas industry as well as various efforts he has put in at various times to help address problems of fuel scarcity in the country.He also said the books will help future generations to understand some of the issues confronting the industry.

The book on The Cost of Fuel Scarcity in Nigeria was reviewed by Adeyemi Adetunji, Group Executive Director, Downstream of NNPC, Maximizing Government Net Revenue in the Oil and Gas Industry – Cost Engineering Perspectives was reviewed by Greg Akhibi, Supply Chain Commercial Manager, 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 anniversary in Lagos, had served the oil industry in different categories at managerial level.

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