Billions at Play

NJ Ayuk is founder and CEO of Pan-African corporate law conglomerate, Centurion Law Group; Founder and Executive Chair-man of the African Energy Chamber; and author of Billions at Play: The Future of African Energy and Doing Deals and co-au-thor of Big Barrels: African Oil and Gas and the Quest for Prosperity. He is recognized as one of the foremost figures in African business today.A Global Shaper with the World Economic Forum, one of Forbes’ Top 10 Most Influential Men in Africa in 2015, and a well-known dealmaker in the petroleum and power sectors, NJ is dedicating his career to helping entrepreneurs find success and to building the careers of young African lawyers.NJ strives through his work to ensure that business, and especially oil and gas, impacts African societies in a positive way and drives local content development.NJ graduated from the University of Maryland College Park and earned a Juris Doctor from William Mitchell College of Law and an MBA from the New York Institute of Technology.Mohammad Sanusi Barkindo of Nigeria, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) at the OPEC Secretariat in Vienna, Austria. An accomplished oil technocrat and veteran of OPEC, Mr Barkindo brings with him a wealth of experience in the oil and gas industry, both in Nigeria and internationally.From 2009 to 2010, he was Group Managing Director of the Nigerian National Petroleum Corporation (NNPC). Previous to that, he served as Deputy Managing Director of Nigerian Liquefied Natural Gas, a joint venture between NNPC, Shell, Total and Eni. Earlier in his career, he was Special Assistant to former Minister of Petroleum Resources and OPEC Secretary General, HE Dr Rilwanu Lukman.Mr Barkindo also worked in several key roles at OPEC between 1986 and 2010. In 1986, he was appointed to Nigeria’s delegation to OPEC, and from 1993 to 2008, served as Nigeria’s National Representative on the Organization’s Economic Commission Board. In 2006, he served as Acting Secretary General of OPEC, and represented Nigeria on OPEC’s Board of Governors from 2009 to 2010.He has also helped produce the United Nations Framework Convention on Climate Change (UNFCCC) and the Kyoto protocol as the leader of Nigeria’s technical delegation to the UN negotiations since 1991. He also served as Vice President of COP15 in 2010, when he chaired the opening session in Copenhagen attended by more than 100 heads of state and government. He is the longest serving member of the country’s delegation to the UNFCCC. He also served as Chairman of the OPEC Task Force of the United Nations Commission on Sustainable Development for the 15th session.After earning a bachelor’s degree in political science from Ahmadu Bello University in Zaria, Mr Barkindo went on to achieve a postgraduate diploma in petroleum economics and management from the College of Petroleum Studies at Oxford University and a master’s degree in business administration from Southeastern University in Washington, DC. He is also a holder of an Honorable Doctorate Degree in Science from Modibbo Adama, Federal University of Technology, Yola, Nigeria. He is a fellow member of various international petroleum institutions such as the Institute of Petroleum, London.

• Table of ContentsForewordChapter 1: It’s High Time for African Oil and Gas to Fuel a Better Future for AfricansChapter 2: It’s Up to Africans to Fix AfricaChapter 3: A Place at the Table: Africa and OPECChapter 4: Empowering Women for a Stronger, Healthier Oil and Gas IndustryChapter 5: Abundant, Accessible, Affordable: The “Golden Age” of Natural Gas Shines in AfricaChapter 6: Monetizing Natural Resources: Successes, Lessons, and RiskChapter 7: Job Creation: Making Our Own Multiplier EffectChapter 8: A “Recipe” for Economic DiversificationChapter 9: Calling All Leaders! More on Good GovernanceChapter 10: Industrialization: Linking Promise to ProsperityChapter 11: Technological Solutions for Oil and GasChapter 12: Oil and Gas Companies Can Help Reshape African EconomiesChapter 13: Following Nigeria’s Lead on Marginal FieldsChapter 14: The Critical Art of Deal-Making: It’s Time to Negotiate for a Better FutureChapter 15: The Connection Between Energy Security and Social SecurityChapter 16: Managing Oil and Gas RevenueChapter 17: American Ingenuity and Africa Oil and Gas PotentialChapter 18: How We’ll Recover From COVID-19Chapter 19: Lights Out: Reforming African Power Generation Monopolies and Transitioning to the FutureConcluding Thoughts

“It is an honor to provide the foreword for this book. I agree with the points made—and with Ayuk’s case for the critical role that OPEC will play in helping African oil producers achieve a much-deserved voice in the petroleum industry. Yes, one could argue that Ayuk is a dreamer. However, he has taken the time to develop a detailed roadmap for realizing that dream. It’s up to each of us to take the time to read it and to play a part in making his dream of petroleum-fueled economic growth, stability, and improved quality of life happen for Africa.”—Mohammad Sanusi Barkindo, OPEC Secretary General‘’In the chapter entitled Abundant, Accessible, Affordable: The “Golden Age” of Natural Gas Shines in Africa, Ayuk correctly identifies the benefits of natural gas, especially as the world looks for ways to lower CO2 emissions.‘’ —Jeff Goodrich, former CEO of OneLNG‘’The answer to Africa’s utility woes can be found in Ayuk’s book. For example, not everyone is willing to assert that Africa will never achieve its full potential if it cannot power its industries, services, or households. Ayuk’s chapter isn’t all doom and gloom [however] Ayuk calls it like it is.’’ —Dr Thabo Kgogo, former CEO of Efora Energy Limited“NJ Ayuk is right to call upon African governments to do their share in making Africa appealing to American exploration and production companies. I hope American companies will see that Africa still has a lot to offer in terms of economic returns.” —H. Daniel Hogan, CEO and General Manager of Lukoil International Upstream West‘’Ayuk sees the irony in oil and gas produced in Africa being sent away to be refined, then returned as finished products that Africans pay a premium for. Africa is exporting raw materials it could be refining and processing, if it only had the capabilities, but not everyone is willing to admit that with the level of candor Ayuk does.‘’ —Bruce Falkenstein, Joint Operations Manager, License Management & Compliance for LUKOIL“NJ Ayuk is a champion of African commerce, and that’s clear in his new book. In the chapter, "Calling all Leaders! More on Good Governance," he presents an unvarnished view of corruption’s negative effect on Africa’s business environment. His message is something anyone who is doing business there, or wants to, should hear.’’ —Sergio Pugliese, President for Angola African Energy Chamber‘’Ayuk sees opportunity all around him, and he realizes that appropriate development will solve many of the continent’s challenges, including power generation.’’ —Ann Norman, Pioneer Energy’s General Manager for Sub-Saharan Africa“Ayuk goes beyond acknowledging this cycle of mismanagement and corruption. He also gives us ideas for breaking it. I can see how some of his ideas for oil money revenue will be considered controversial, but I hope, at least, that they trigger productive dialogue. We can’t continue as we are.” —Akere Muna, former Vice Chairman of Transparency International