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The Company Midwestern Oil & Gas Company Plc (Midwestern) is owned by the Delta State Government and some Nigerian entrepreneurs. The Company was incorporated in 1999 but commenced its operations in 2001 with upstream field activities only from 2005. The company is focused on harnessing the opportunities in the exploration and production section of the oil industry in Nigeria. The company is registered primarily to carry out the following objectives:
In late 1999, the Federal Government of Nigeria issued new guidelines for the development of proven, underdeveloped fields in the country. To achieve this, the Government recovered twenty-nine (29) abandoned and/or under-exploited fields from the major operators in Nigeria and their production rights were re-allocated through farm in agreements. As a result, in 2002 the Government offered twenty-four (24) marginal field packages to Nigerian upstream oil companies. Midwestern was one of more than thirty (30) indigenous upstream entrepreneurs that were awarded these marginal fields in February 2003. The Company was awarded part interest in Umusadege Field located in OML 56, a Nigerian lease formerly operated by Elf Petroleum Nigeria Limited Joint Venture, the farmer out, now re-awarded as OPL 283 to Centrica . The award was made in the ratio 70% to Midwestern and 30% to Suntrust Oil Company Limited (Suntrust), with Midwestern designated as the operator of the field. Umusadege field is located in the northern areas of the Niger Delta Basin in Delta State of Nigeria at Utagba-Ogbe near Kwale town. The field is being operated in cooperation with Mart Energy Services Limited (Mart), who provides both technical and financial services for the field development. Sequel to field activities started in 2005, and following a steep learning curve for field development, first oil was achieved by the stakeholders of Umusadege field in April, 2008 at flow rates of some 3,000bopd from re-entry of the Umusadege-1 well, and this is currently being maintained through additional development drilling. Vision And Mission Our Vision is to become the primary indigenous oil and gas producer in terms of profitability and community coexistence. Our Mission is exploration, production, and sale of oil, gas condensates and gas from our development of upstream assets starting with the marginal Umusadege field. To achieve the above, the following success factors have been identified to be critical:
Core Values Our corporate values are expressed as follows: People:
Integrity:
Learning:
Value Creation:
Systems:
Plan Of Action Current and Short Term: Midwestern is currently in a joint venture partnership with Mart and Suntrust for the exploitation of Umusadege field. Financing and production sharing agreements between the companies require Mart to provide both technical and funding resources to execute the field development. In parallel with this, Midwestern is building up an organization that will eventually take over all operations at Umusadege field from Mart at the earliest instance. Our short term plans are therefore as follows:
Medium and Long Term: In the medium term our plans are as follows:
Policy Outlines: Human Resources,Community Affairs, Cashes & HSE Midwestern considers human capital as a critical success factor. Consequently, our motivational policies are designed with the singular aim to drive both staff performance and success with requisite short-course training and remuneration carefully chosen to match corporaste performance benchmarks. Presently, there is a diverse collection of skills and experiences At Midwestern. Consequently, the business strategy of the company has profited by the depth and richness derivable from tapping into this diverse pool of staff. Further staff expansions will be made as operations require. Midwestern takes all possible steps in its field activities to maintain good relationship with host communities. We recognize these communities as important PARTNERS whose willingly active support is indispensable to our business success. Emphasis is therefore laid on enhancing relationships with our hosts by:
Midwestern’s Board of Directors and management consider safety and health of its personnel and the protection of its facilities and environment of its operations to be vital issues and therefore of paramount importance to its activities. SAFETY is good business and the Company conducts all its operations in a safe, efficient, and environmentally sound manner. All employees of Midwestern and its contractors, as well as host community members who may be affected by operations are considered components of health, safety, and environment (HSE) policies. In view of this, every employee, associate and contractor is responsible for planning and performing work in accordance with Midwestern’s CASHES policy by subjecting all tasks to risk assessment and all applicable health, safety and environmental laws or established standards prior to the commencement of work. All Company business is carried out in total compliance with international oil field standards (API, OSHA, NFPA, etc) and all Federal, State and Local Government Laws and Regulations on health, safety and the environment. Where a regulation allows for two levels of performance, the company enforces the stricter provision. The CASHES unit provides all necessary support and also monitors CASHES performance and makes periodic reports in accordance with the accepted internationally approved standards. Midwestern is dedicated to continuous efforts to make its operations protective people, property and the environment. It aims to achieve safety, health and environmental excellence in all its business practices and operations. Policies are implemented through the following ten guiding principles, with the oversight of a committee on CASHES headed by the Managing Director. 1. Commitment Management at all levels is actively committed to the achievement of health, safety and environmental excellence in the conduct of our business. Commitment is required of every manager to provide adequate resources in achieving this goal. The Company's commitment is ensured by efficient communication with our employees on the need to reflect HSE excellence in the day-to-day operations. 2. Organisation The Company maintains and enhances organizational structure and culture that recognise and encourage full and active participation of all employees in the systematic management of HSE issues. The corporate culture transfers information and best practices across all levels of organization. 3. Accountability Achievement of safety, health and environmental excellence depends heavily on the continuing participation and accountability of management. Responsibility for health and safety and the protection of the environment is a matter of company policy as well as of law, with potentially severe consequences for failure. Operations at all levels are conducted in accord with this policy and appropriate HSE programs, procedures and systems of work have been developed and implemented for facilities and operations. 4. Management Systems and Standards Effective HSE management systems and standards that reflect best industry practices have been developed, implemented and are subjects of continuous improvement. The Company supports research, where practicable, on the health, safety and environmental effects of its products, work practices, processes, services and waste materials. 5. Risk Management Midwestern ensures that potential HSE risks associated with all its activities are assessed as early as is practicable in order to minimize and manage adverse effects and to identify opportunities for improvement. The Company strives to eliminate or manage any foreseeable hazards, which may endanger health, safety or the environment. 6. Legislative Compliance The Company operates at standards that comply with the requirements of appropriate national and international legislation and codes of practice and also strives beyond compliance to recognise these principles as a valued way of conducting its business. Where no regulatory controls exist, the Company shall adopt and impose our own HSE standards in accordance with relevant industry standards and/or practices. 7. Training With training being an essential element of HSE excellence, an experienced HSE supervisor participates in programmes for continuing professional development to discharge the corporate training responsibilities as are appropriate to each employee's job duties and responsibilities. 8. Emissions to Land, Air and Water Midwestern complies with applicable legal requirements in the event of any emissions associated with its activities. Where the Company's standards are more stringent, these are applied to minimize the impact of our activities including emissions to land, air and water. 9. Continuous Improvement The company believes that effective HSE management is good business. As in other areas of our business, the Company is committed to continuous improvement of management practices. 10. Monitoring, Audit and Review Effective management requires on-going assessment and reviews to determine whether the HSE policy is being appropriately implemented. Accordingly, on-going assessments, self-evaluations and audit program are maintained for operations throughout the Company. The objective of this programme is to provide management and the Board of Directors with verification that operations are in compliance with laws, regulations, Company policies and upstream standards as well as to facilitate the spread of best practices throughout its variety of operations. Adherence to these ten principles has assisted Midwestern’s achievement of its objectives of HSE excellence. The Company insists that employees at all levels pursue this policy in order to deliver a safe and healthy working environment. Identification of specific goals against which progress toward HSE excellence can be measured is made on an annual basis. From time to time, the Company also carries out full technical audits of all its plants, equipment and facilities to safeguard their technical integrity. Each of the Company’s associates, contractors and sub-contractors is conversant with responsibility for safe practices and the statutory requirements relating to occupational health and safety of personnel and the protection of the environment. They are expected to manage their activities and supervise their employees’ behaviors to ensure that all work is performed in a safe and efficient manner. Applicable CASHES procedures that adhere to procedures as defined by regulators and Midwestern. The Company carries out routine safety and health oversight to monitor the Contractors’ CASHES performance throughout the contract period and if and when CASHES measures are violated, the work may be stopped until appropriate corrective measures have been taken. All associates, contractors and their sub- contractors are therefore conversant with the requirements of:
Ownership Midwestern Oil & Gas Company Plc. is a wholly Nigerian-owned company duly registered with the Corporate Affairs Commission under the laws of the Federal Government of Nigeria. The ownership of the company involves the Delta State Government as well as other notable Nigerian individuals. Board Of Directors The Directors of Midwestern are Nigerians with proven integrity who have distinguished themselves in their various careers. The members of the Board are:
Brief Resumes Of Board Members MR. O. P. Okoloko – Chairman Mr. Paul Onajite Okoloko is an Economics graduate of the University of Benin. He is also the Managing Director and Chief Executive Officer of Notore Chemical Industries (Notore), the new owners of the old fertilizer giant, the National Fertilizer Company of Nigeria (NAFCON). After graduation, he worked in the United States with AT&T Security Systems and Ricon Financials and as Marketing Representative with Banty Alarms, a security systems oriented company. Upon his return to Nigeria in 1994 he was a founding partner of the Ocean and Oil Group where he was initially Managing Director of Ocean & Oil Services, then the Managing Director of Oando Energy Services, before he gave up his executive role in Oando Group to start his new venture, Notore, which has as its core mission the production of fertilizer. Engr A.C. Okoene – Managing Director Engr. Adams Okoene is a 1970 alumnus of the University of Technology, Loughborough, UK. He is a Chartered Engineer of the United Kingdom and a fellow of the Nigerian Society of Engineers. He has over 30 years of upstream experience with Shell Petroleum Development Company (SPDC) in both Nigeria and the Netherlands and took early retirement from SPDC in 1999 after holding management positions in engineering and human resources. His career exposed him to various aspects of petroleum engineering such as production operations and maintenance to optimize recovery of reserves, facilities design and construction, planning and project management. His cross-posting to oversee the corporate human resources development and management also exposed him to another facet of upstream operations. He has attended development programmes and short courses in various parts of the world and presented technical papers in a number of international conferences. He is also a member of Rotary International and has held appointments with Edo State Government. He joined Midwestern in 2005. Mr. Oboden Ibru Oboden Ibru has been an Executive Director of Oceanic Bank International (Nigeria) Limited since April 2004. His duties include direct coordination and supervision of the Deputy General Managers of Operations and of Development and Logistics, the AGM of Information and the Manager for Training and Human Resource Development amongst other activities. Prior to these, he had held several positions in the organization including the posts of Chief Operating Officer, Assistant General Manager, Operations, Senior Manager for Domestic Operations, Treasury Manager, and Deputy Manager of both Corporate Branch and the Treasury. He also oversees the corporate finance strategy of the bank. Oboden holds a Bachelor's degree in Finance from the University of San Francisco, California, USA, and a B.Sc. in Decision Sciences from the same University. He also has an MBA from the International Graduate School of Management (IESE) Navara, Spain. He is member of the Chartered Institute of Bankers of Nigeria and of The Nigerian Economic Summit Group. He has been and is on the board of several institutions and organizations including Elf Oil Nigeria Limited (prior to the merger with Total), Aerocontractors Company of Nigeria Limited, Money Market Association of Nigeria and Minet Insurance Brokers. Mr. K.M.O Sagoe Kweku-Mensah Olakunle Sagoe is the Chairman/CEO of Eogas Petroleum & Geosciences (Nig) Ltd a position he assumed in 1997. Prior to this he held various positions in several companies such as, Exploration Manager - General Oil E&P Limited; Managing Director - KDK Enterprises Ltd Lagos; Production Geologist to Senior Regional Explorationist - Gulf Oil Company (later Chevron Nigeria Limited); Production Geologist to Senior Production Geologist - Mobil Producing Nigeria, amongst others. He has a Bachelor’s degree in Geology from Colorado College, USA (1969), and a combined Master’s in Petroleum Geology and Petroleum Engineering from the University of Tulsa, Oklahoma (1975). He has also attended various oil industry short courses in exploration, development and production geosciences, geochemistry, petroleum/reservoir engineering, management and oil economics. He is a Certified Petroleum Geologist by the American Association of Petroleum Geologist (AAPG), and a fellow of the Nigerian Association of Petroleum Explorationists (NAPE). Mr. Charles Odita Mr. Charles Odita holds a first class Bachelor’s degree (1984) in Chemical Engineering and a Master’s of Engineering (1987) from the University of Benin, Benin-City. Thereafter, he worked as an industrial water technical sales engineer with Pinnacle Holdings Limited in Lagos. Mr. Omamofe Boyo Mr. Mofe Boyo is the Chief Operating Officer and Deputy Managing Director of Oando Plc, a position he assumed since July, 2001. Prior to that he was the Executive Director of Marketing at Oando Plc. Mr. Boyo has a Bachelor of Law Degree from Kings College, University of London, England. He commenced his career in 1991 with F.R.A Williams and Co, a prominent Nigerian law firm where he worked for 4 years, specializing in the shipping and oil services industries and worked on various joint venture deals between the NNPC and major international oil companies. He was also a member of the team that represented the refineries in the NNPC judiciary enquiry. In 1994, he joined the Ocean and Oil Group where he developed and managed the operations department. He serves on the Board of Directors of Gaslink Nigeria Ltd., Oando Plc Sierra Leone, Oando Plc Togo, Oando Plc Ghana, West African Refinery Company (WARCO), Sierra Leone, Stallion Properties and Ocean and Oil Services. He is also a member of the Nigerian Bar Association. Mr Gbesimi Daultry, Akperi He is the Special Adviser on petroleum matters to the Delta State Governor, a position he assumed since June 2001. His duties include enhancing the Government’s relations with oil industry host communities, companies and other stakeholders, Conflict Resolution/Dispute Mediation as the need arises, promotion of industrial harmony in oil producing communities and of investment for the Delta State Government in the oil & gas industry, amongst others. Prior to this he had held various positions with several organizations which include Deputy Director (Training) - Petroleum Training Institute; Chief Co-ordinator/Director - Directorate of Maintenance and Works (DMW), Field Engineer - SPE Schlumberger (AFR/PARIS), amongst others. Mr. Akperi holds a Bachelor’s degree in Mechanical Engineering (1980) and Master’s in Industrial Engineering from University of Benin, Benin City. He has also attended various courses. He is a member of Society of Petroleum Engineers (SPE) and also a Fellow of Nigerian Society of Engineers (FNSE). Midwestern Oil has a crop of highly qualified management staff that is also highly professional. However, apart from the Managing Director, only one staff member is always at meetings of the Board of Directors. Mr. Christian E. Omoru – Company Sec./Admin Mgr Mr. Chris Erhi Omoru obtained his LL.B from the University of Benin, Edo State and subsequently attended the Nigerian Law School, Victoria Island Lagos where he was called to the Nigerian Bar. Thereafter, he attended the University of Lagos where he obtained a Master of Laws degree (LL.M). He is a member of the Nigerian Bar Association, International Bar Association and Chartered Institute of Arbitrators of the United Kingdom, Nigerian Branch. He is a Notary Public of the Supreme Court of Nigeria. Before joining Midwestern Oil & Gas Company Plc, Mr. Omoru has worked as head of Chambers in G. M. Ibru & Co for about twelve years and also managed successfully the law firm of Ovbagbedia & Co. As Company Secretary/Administrative Manager in Midwestern Oil & Gas Company Plc he handles legal issues, general Secretariat matters, Board meetings and the administrative needs of the Company. Offices Head Office: Email: info@midwesternog.com Field Zonal Office:
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