Summary
Overview
Work History
Education
Skills
Key Achievements
Timeline
Generic
Martin Adebiyi Sonariwo

Martin Adebiyi Sonariwo

General Manager Commercial
37, Ologun Agbaje, Victoria Island, Lagos

Summary

General Manager at CNOOC International (Nigeria), which is one of the 3 major Chinese Oil companies. A hardworking, innovative and reliable analytical thinker, who is highly effective at developing creative business strategies. Confident, responsible, self-driven team-player with commercial, logistics, sales, marketing and negotiating skills that helps achieve desired outcomes. Excel in dynamic environments, with an ambition to continue developing a career within the Energy space.

Overview

20
20
years of professional experience
5
5
years of post-secondary education

Work History

General Manager Commercial

CNOOC International
06.2020 - Current
  • In addition to functions performed as DGM (Commercial) below, manage the entire business function of Nexen Petroleum Nigeria Limited, which is now a business unit of CNOOC International after the successful acquisition of Nexen Inc. by CNOOC Ltd.
  • Cultivate strong business relationships with co-venturers on assets CNOOC is a party to in Nigeria. These assets includes PML 2,3,4 (AKPO,EGINA & Preowei) operated by Total Upstream Nigeria LTD, Covs on this assets are TUPNI, Prime 130, SAPETRO, NNPCL CNOOC E & P Nig. ltd. OML138, 139, and 154 (USAN and OWOWO) operated by ExxonMobil. Covs on this asset are TUPNI, Chevron Nigeria Ltd., ExxonMobil Nigeria Ltd., NNPCL, and Nexen Petroleum Nigeria Limited.
  • Ensure planned projects are economically viable for CNOOC, where costs are fully recovered and profit guaranteed at CNOOC's internal NPV rate.
  • Ensure that operators on both assets deliver value in line with each year's work program and budget (WP&B), keeping budget variations to the barest minimum and seeking strong justification for budget overruns exceeding 10% of WP&B.
  • Ensure CNOOC adherer's to laws governing it's business environment in Nigeria, and manage CNOOC's business relationships with critical stakeholders in the Nigerian oil and gas industry. These stakeholders include, but are not limited to, NNPCL, NUPRC, NCDMB, OPTS, the Nigerian legislature (Senate and the House of Representatives), and so on.
  • Seek new business opportunities for CNOOC in Nigeria. Part of the team managing CNOOC's participation in the ongoing Nigeria 2024 Licensing Round (CNOOC prequalified and currently progressing to the next phase).

Deputy General Manager (Commercial)

CNOOC Exploration & Production Nigeria Limited
01.2017 - 06.2020
  • Managed the entire process of exporting CNOOC Exploration & Production Nigeria Limited's (CEPNL) crude oil entitlements from Nigeria. Ensuring the company maximizes its return on investment by guaranteeing a steady flow of revenue from the sales of exported crude oil.
  • Streamlined operations by identifying inefficiencies and implementing process improvements
  • Fostered and promoted cooperative and harmonious working climate conducive to maximum employee morale, productivity, and effectiveness.
  • Engaged the best strategies in solving OML 130 PSC disputes between CEPNL, its partners, and regulatory bodies to achieve amicable settlement of disputes and averted legal tussles.
  • Managed the procurement process and utilizing best negotiation techniques to optimize and reduce overall cost.
  • Collaborated with department heads to establish goals and work plans
  • Seek viable investment opportunities for CEPNL in Nigeria.

Marine Operations Manager

CNOOC E & P Nig. Ltd.
03.2016 - 01.2017

Crude Lifting Coordinator

CNOOC E & P Nig. Ltd
01.2013 - 03.2016

Assistant Crude Lifting Coordinator

CNOOC E & P Nig. Ltd.
03.2010 - 01.2013

NYSC Primary Assignment

NNPC (NAPIMS) MMD PSC
03.2009 - 03.2010

Reprographics Operator

KPMG (London Black Friars, UK)
07.2007 - 01.2009
  • Use IT graphic software to produce a range of commercial documents, including those of a sensitive and confidential nature. Documents range from presentations for internal and external audiences to leaflets.
  • Streamlined production workflow for increased efficiency, managing multiple projects simultaneously.
  • Safeguarded company assets through proper maintenance of equipment, resulting in reduced repair costs and downtime.
  • Demonstrated strong attention to detail when inspecting final products, ensuring consistently high-quality results for clients.

Sales Agent

Additions Promotions UK
07.2004 - 05.2007

Sales Promotions: Promote awareness of products newly introduced to the market through market research and market trials.
Generate sales for new and established products at various retail outlets as a product representative.
-Winner of the Best UK Sales Person Award for generating the most sales, and revenue for the Cartier Delices Fragrance Launch.
-Communicate feedback from customers to clients for product development.

Education

MBA -

Imperial College Business School
London, United Kingdom
09.2017 - 10.2019

B.A Hons - Economics and Business Studies

University Of East London
London, United Kingdom
01.2013 - 05.2016

Skills

Advanced Commercial Kills

Key Achievements

- Led the CNOOC Team that resolved the historical OML130 dispute with NNPC, signed a Settlement Repayment Agreement (SRA) with NNPCL. CNOOC has been able to recover over 70% of the disputed amount, versus 45% NNPCL offered in the Head of Terms (HOT) agreement. This is as a result of my strategic negotiations during the negotiation process. 

- Led the CNOOC Team that negotiation the renewal of the OML130 PSC, resulting in the first asset in Nigeria to CONVERT to the PIA. OML130 to PML 2,3,4. The signed PMLs would be the template for the Nigerian Oil and Gas industry.

- Successfully convinced NNPCL to enter into a LIFTING AGREEMENT CONTRACT with the PML 2,3,4 Covs. The Lifting Agreement is currently being negotiated with NNPCL, this agreement would form the template for the Nigerian Oil and Gas industry.

- Led the CNOOC team that developed a Joint Entitlement Model (JEM) for PML 2,3,4. The essence of the JEM is to avoid future disputes between NNPCL and its contractor parties.

- Successfully negotiated a zero payment on a $35MUSD Stamp Duty demand by Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) on CNOOC's acquisition of 90% OML130 PSC

Timeline

General Manager Commercial

CNOOC International
06.2020 - Current

MBA -

Imperial College Business School
09.2017 - 10.2019

Deputy General Manager (Commercial)

CNOOC Exploration & Production Nigeria Limited
01.2017 - 06.2020

Marine Operations Manager

CNOOC E & P Nig. Ltd.
03.2016 - 01.2017

Crude Lifting Coordinator

CNOOC E & P Nig. Ltd
01.2013 - 03.2016

B.A Hons - Economics and Business Studies

University Of East London
01.2013 - 05.2016

Assistant Crude Lifting Coordinator

CNOOC E & P Nig. Ltd.
03.2010 - 01.2013

NYSC Primary Assignment

NNPC (NAPIMS) MMD PSC
03.2009 - 03.2010

Reprographics Operator

KPMG (London Black Friars, UK)
07.2007 - 01.2009

Sales Agent

Additions Promotions UK
07.2004 - 05.2007
Martin Adebiyi SonariwoGeneral Manager Commercial