Explore Career Opportunities in Oil Industry, Expert Charges Budding Petroleum Engineers
An oil industry expert, Dr. David Agiddi, has urged students of Petroleum Engineering at Covenant University, Ota, Ogun State, to equip themselves with the right mix of education in order to take advantage of the numerous opportunities in the oil and gas industry.
Agiddi, a Senior Asset Manager at Seven Sea Energy Nigeria Limited, who was Guest Speaker at the Town and Gown seminar of the Department of Petroleum Engineering held on Tuesday, said with the uninterrupted progression in global energy consumption, expansion in oil production and exploration and wide scope of jobs available in the industry, prospective graduates of Petroleum Engineering should be able to fashion out careers for themselves.
He enumerated the four major industry players who offer job opportunities. First, he said, is the National Company, which has the Upstream and the Downstream sectors, ventures, vessels among others where graduates can get engaged in different roles. Next, according to him, is the International Oil Companies, which are usually segmented and have refining companies.
There are also Independent Oil Companies like ConOil and Seplat, which are focused on the upstream business, including Service Companies that provide service to all the other companies, Dr. Agiddi added.
“Again, we have the Research Institutes and the Universities that will keep supplying the manpower to these major players,” he explained. “With the right mix of education, you can plug yourself in one of those companies.
“Geologists, Production Engineers and other support disciplines like Data Management and Surveilance are jobs that exist in the industry.
“Open your minds to new challenges in the industry and you’ll have a fulfilled career. There is a lot of money involved. It gives you opportunity to meet likeminds since challenges in the oil industry are not peculiar to Nigeria.”
Delivering a lecture on the topic of the Town and Gown seminar titled, ‘Oil and Gas Industry Trends, Technology and Career, Agiddi, who has two decades of experience that covers the vast upstream of the oil and gas industry, enlightened the students about the different aspects of the industry, which include: Global Energy Consumption and Growth, Energy Mix and Trend, the Exploration and Production Chain and Challenges, Technology and Trend that impacts exploration and production and Oil Field Career.
Global energy consumption, he said, has progressed geometrically over the last two centuries, such that global population in that period increased from 2.5 billion in 1900 to roughly 7 billion as at today. “That means the GDP (Gross Domestic Product) multiplied by 40 percent over that period and a significant increase in energy consumption about 13 folds,” he stated.
The challenge, Agiddi noted, would be keeping up with human development and human need of energy, while describing energy mix as a trade-off of multiple sources like coal, fossil, hydro, Nuclear and renewables, which are wind, geothermal, solar among others.
“The message here is that with human development, there is a lot more to consume and opportunities for young people to plug into,” he said.
Speaking on energy trend, the Guest Speaker, armed with independent estimation, said that for the next 50 years, fossil, an economic and efficient energy source, would meet demand based on current consumption and proven oil resources.
He highlighted: “North America’s unconventional resources, dubbed shale oil, is a game changer. Venezuela and Canada lead in heavy oil resources with proven oil reserves that rank first and third globally.
“Middle East holds about half of the world’s proven oil reserves and 43 per cent of the global natural gas reserves. Sub-Sahara Africa remains prolific in the deep waters with almost 30 per cent of the global oil and gas discoveries during the last five years.”
Also, Agiddi dwelt on the exploration and production chain, which he said comprised of the Upstream, the Middlestream and the Downstream. There were also illustrations on Seismic Imaging, Well Drilling, Oil Field Technologies and trend that impacts exploration and production.
Sub-Sahara Africa, he pointed out, is underexplored. “That’s why the PIB (Petroleum Industry Bill) is being pushed for exploration to resume in Nigeria’s Niger Delta region. Exploration has not taken place in the Niger Delta for more than a decade, they’ve largely been producing.”
Giving a vote of thanks on behalf of the Petroleum Engineering Department, a lecturer, Dr. Oluwatosin Rotimi, who eulogized the Guest Speaker for his brilliant delivery, urged the students to use every bit of information they could harness from the Town and Gown seminar to chart a course for themselves.