Amarachukwu Odenigbo

Team Lead Oil Trading (Fynefield Petroleum Limited) at Rainoil Limited
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Contact Information
us****@****om
(386) 825-5501
Location
Nigeria, NG
Languages
  • English Native or bilingual proficiency
  • Igbo Native or bilingual proficiency
  • French Elementary proficiency

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Credentials

  • IWCF Level 1
    International Well Control Forum
    Aug, 2020
    - Nov, 2024
  • PFOFESSIONAL FACILITIES MANAGER'S COURSE
    Alpha Mead Facilities & Management Services Ltd
    Jun, 2018
    - Nov, 2024
  • Microsoft Azure Dynamics 365 Basic Architecture and Navigation in Microsoft Dynamics 365 for Retail.
    Microsoft
    Feb, 2018
    - Nov, 2024
  • Microsoft Azure Dynamics 365 Introduction to Microsoft Dynamics 365 for Finance and Operations, Enterprise Edition.
    Microsoft
    Feb, 2018
    - Nov, 2024
  • Microsoft Azure Dynamics 365 Microsoft Dynamics 365 For Talent at a Glance.
    Microsoft
    Feb, 2018
    - Nov, 2024
  • Fellow
    The Platform Young Professionals
    Dec, 2017
    - Nov, 2024

Experience

    • Nigeria
    • Oil and Gas
    • 200 - 300 Employee
    • Team Lead Oil Trading (Fynefield Petroleum Limited)
      • Jan 2022 - Present

      ▪ Manage all Oil and white products trade for Fynefield Petroleum Limited.▪ Primarily responsible for bulk trading refined petroleum products/cargoes; PMS, AGO, ATK,(8,000 - 25,000 MT) of Gasoline (PMS), Gasoil (AGO), and kerosene (DPK) either through direct imports from the Global market or local purchase from NNPC/PPMC.▪ Driving supply of 30-45KT (PMS) every month and ensuring a no stock-out policy.▪ vessel chartering (engaging vessel owners/Brokers on freight rates)▪ Review charter party agreements, Issuance of contracts and appropriate amendments in line with the deal recap.▪ Appoint STS providers, supervising and monitor.▪ Appoint and engage Agents, surveyors and other stakeholders involved in the trade and operations process.▪ Demurrage analysis, pricing analysis, stock management and planning, amongst others.▪ Supervise all operations until the complete discharge of each vessel ensuring contracts are performed in accordance with agreed term and safety.▪ Preparation of load/discharge orders, documentary instructions, and nominations.▪ Key contact person for the company's Direct Sale of Crude Oil/Direct Purchase of Petroleum Products (DSDP) contract with NNPC.▪ Actively engage in liaisons with governmental agencies viz NMDPRA, NNPC to facilitate the product procurement process.▪ Actively interact with banks and in-house Finance team on Trade Finance matters, i.e. Letters of Credit, Bills for Collection, Letters of Credit (L/Cs): Opening of and checking of L/C’s for our suppliers and receivers, requesting amendments and negotiating documents for collection of payment etc.▪ Monitor price arbitrage, hedging, run economics, handle risk management and exposure to capture opportunities.▪ Calculate the investment costs and negotiate storage contracts▪ Simulate future Financial Cost analysis for landing cargoes basis ICE or PLATTS▪ Product/Cargo profitability and loss analysis into tank and comparison with current ex-depot prices. Show less

    • Operations Executive To Chief Operations Officer
      • Nov 2021 - Dec 2021

    • Oil Trader (Third Party Depot/Supplies)
      • Aug 2021 - Dec 2021

      ▪ Co-started and finalized a 1-year throughput agreement on a storage facility with 40 million litres capacity.▪ Ensured a monthly supply/delivery of 20,000MT PMS Cargo.▪ Managed trading and supply of products worth a minimum of 25 million USD.▪ Plan Gasoline(PMS) loading and discharge operations, monitor timelines and status of vessels during the voyage to minimize and/or substantiate incidences of demurrage.▪ Liaise with government agencies PPMC, DPR, NPA, Customs, NIMASA etc, to meet regulatory requirements.▪ Relate with Suppliers on cargo purchase/importation, in order to straighten/negotiate out sales contract/terms of sales deal/agreement.▪ Negotiate with vessel owners (vessel chartering)/3rd party vessel owners for loading of cargo, providing information such as; load port, quantity to load, disport, draft restriction as per location of discharge etc.▪ Prepare landing cost of cargoes prior to loading and post-discharge.▪ Documentation/record keeping of cargo purchase transactions/vessel chartering and apt delivery to the relevant authorities.▪ Coordinates and process the renewal of our quarterly import permit and yearly depot licence.▪ Review post operations report and vessel update schedule.▪ Communicate vessel's readiness to load or discharge products, after getting signal from the appropriate quarters.▪ Monitor stock levels at the various depot, so as to ensure timely product replenish/delivery at the depots to avoid stockout.▪ Market intelligence - analysis and review on past and current oil market trends to forecast future demand/supply as it affects prices. Also, gather information around the world as it affects the oil market and local market report.▪ Appointment of disport agents, STS providers, surveyors, supercargo etc. Disseminating information on operational framework, timelines for specific functions to be carried out and supervise & drive the process to minimize demurrage or avoid delays. Show less

    • Graduate Trainee
      • Jul 2021 - Jul 2021

    • France
    • Oil and Gas
    • 700 & Above Employee
    • Graduate Reservoir Engineer
      • Feb 2021 - Jul 2021

      •Thermodynamic studies with BEST Software to analyze PVT reports, update EOS descriptions and generate Black oil tables for use in ECLIPSE 100 Simulation models. • Revalidation and analysis of Well Test PTA results using PIE software. • Carried out Dynamic Synthesis of Egina reservoirs X,Y,Z: Integrated Static Geological and Dynamic data to improve the Geoscience team’s understanding of multiple active black oil reservoirs. • Material Balance: used MBAL software to estimate STOIIP and reservoir drive contributions. • Reservoir Monitoring • SPE Technical Paper: Wrote and drafted out an SPE technical paper under supervision. Use of PowerBI Show less

    • Facility Manager
      • Mar 2018 - Nov 2019

      ▪ Planning, scheduling, coordination, documentation, and supervision of all maintenance/repair & planned preventive maintenance and renovation works for plants, equipment, and building. ▪ Responsible for the overall maintenance, including water treatment and wastewater plant, firefighting and suppression systems, HVAC and air circulating equipment, motors, pumps, pressurization units, CCTV/ security equipment, electrical and general power/ lighting equipment. ▪ Asset management, daily site inspection including workspace design, management, and allocation. ▪ Preparation of performance evaluation for assigned personnel, manage employee's leave request. ▪ Delegation of task to the personnel and obtaining client’s feedback on job satisfaction. ▪ Follow up on corrective actions and implementation of countermeasures to minimize recurrence of faults. ▪ Maintaining effective Health and Safety systems, preparation of multiple weekly reports of all operations including completion of risk assessments and method statements and toolbox talks where appropriate which led to zero occurrence of workplace incidents. Show less

    • Nigeria
    • Non-profit Organizations
    • 1 - 100 Employee
    • Fellow (2017 cohort)
      • Dec 2017 - Feb 2018

      The Platform Young Professionals Boot-camp (YPB), an offshoot of The Platform Nigeria, is a resident training program targeted at high potential Nigerians between the ages of 20-25 with sterling achievements in their respective fields. The boot-camp is an in-resident professional and business leadership boot-camp designed to equip participants with knowledge in leadership, entrepreneurship, design thinking, problem-solving, capacity building, networking and fostering partnerships over a 4-day period. I was one of the 200 young Nigerians selected from a pool of over a thousand applicants across Nigeria, to be a participant in the Corporate Career stream, with world class practical training's that inspire innovation, drive success in different endeavours that ultimately lead to transformation of the Nigerian economy and upon completion,making sustainable social impact and improving livelihoods. Show less

    • Graduate Associate (NYSC)
      • Nov 2016 - Nov 2017

      ▪ Coordinated interactive sessions of Corps members with the Permanent Secretary, Head of Admin, and other executive members of the ministry, weekly. ▪ Accompanied a team of delegated Geologists and Engineers on the investigation of spill of crude oil on the seashore of Itomaro Apapa, Lagos. ▪ Partly involved in the development of guidelines for Gas Reticulation in Estates within Lagos State. ▪ Worked with a team of engineers in taking GPS Coordinates, Reference photographs, filling of questionnaires in four local government areas during the data gathering exercise on all Oil and Gas facilities within the state, for the development of a Database for Oil and Gas facilities for the state. The exercise lasted for a period of 3 months. ▪ Collaborated with a team of engineers in monitoring of irregularities in prices of Petroleum products at Pump stations, investigation of pipeline vandalization and reported cases of Oil spillage within the state. Show less

    • Nigeria
    • Oil and Gas
    • 1 - 100 Employee
    • Graduate Intern
      • Feb 2016 - Sep 2016

      ▪ Collaborated with a team of specialists to complete and deliver a High Pressure Deviated Well. ▪ Worked on a Competent Persons Report (CPR) for two prospective Oil and Gas fields. ▪ Built an Excel model to monitor and analyze Daily Production Data valued at ~1000 BOED. ▪ Worked on a Field Development Plan and Reservoir forecast calculations for single and multiple wells. ▪ Developed Project management skills by administering two projects, planning the project process and analysing options on the best and economical steps to take. ▪ Developed and maintained strong relationship with field personnel and captured improvement opportunities and provide support for those improvements. ▪ Collaborated with a team of Engineers, geologists and gained a good understanding of Upstream operations. ▪ Liaison Officer between the Subsurface Engineering Department of the Company and Government Regulatory Agencies (DPR). Show less

    • Nigeria
    • Oil and Gas
    • 1 - 100 Employee
    • Student Intern
      • Nov 2014 - Apr 2015

      ▪ Documentation, filling of letters and proposals. ▪ Contract analysis and approval. ▪ General services and operations of the company. ▪ Proposed and planned Drilling schedules for workers on a drilling Rig. ▪ Experienced thrilling practical work under a supervisor as a Field Engineer on the Rig location by learning the nitty gritty of drilling, the constant calculations needed to keep the location safe, the safety rules and regulations needed to be adhered on the location. ▪ Documentation, filling of letters and proposals. ▪ Contract analysis and approval. ▪ General services and operations of the company. ▪ Proposed and planned Drilling schedules for workers on a drilling Rig. ▪ Experienced thrilling practical work under a supervisor as a Field Engineer on the Rig location by learning the nitty gritty of drilling, the constant calculations needed to keep the location safe, the safety rules and regulations needed to be adhered on the location.

    • Sales Manager
      • Aug 2013 - Dec 2013

      ▪ Ensured Year round availability of clothes both in the shop and storage. ▪ Quality delivery of services to customers, readings their styles, needs and wants. ▪ Packaging and supply of clothes to customers, both within and outside Lagos. ▪ Handling of cash deposits transfers, debit allocations to customers and balancing the cash register at each close of business and month. ▪ Stock keeping, inventory taking and audit of books. ▪ Ensured Year round availability of clothes both in the shop and storage. ▪ Quality delivery of services to customers, readings their styles, needs and wants. ▪ Packaging and supply of clothes to customers, both within and outside Lagos. ▪ Handling of cash deposits transfers, debit allocations to customers and balancing the cash register at each close of business and month. ▪ Stock keeping, inventory taking and audit of books.

Education

  • IFP School
    Master of Science - MS, Petroleum Engineering and Project Development
    2019 - 2020
  • University of Port Harcourt
    Bachelor of Engineering (B.Eng.), Petroleum Engineering
    2010 - 2015
  • Command Day Seconday School Ikeja
    WEST AFRICA EXAMINATION COUNCIL SSCE
    2004 - 2010

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