Organisation Analysis of Waltersmith Ltd

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ORGANISATIONAL ANALYSIS
OF
WALTERSMITH PETROMAN OIL LTD.
NIGERIA

ADEGBITE, DAVID ADEKUNLE

Information and Communication Technology Department
18 Keffi, Street Off Awolowo Road,
Ikoyi-Lagos, Nigeria.

Kunle.adegbite@waltersmithng.com; 234-08028414535.
An Action learning Assignment submitted to Business School Netherlands, Nigeria in partial fulfillment of the requirements for the degree.

MASTERS IN BUSINESS ADMINISTRATION

Table of Contents
1 INTRODUCTION………………………………………...............................................2 1.1Brief History……………………………………………………………………………….2 1.2The Nature and size……………………………………………………………………...2 1.3Product and Services…………………………………………………………………….2 1.4Visions and Missions…………………………………………………………………….3 1.5Our stakeholders Focused Theme……………………………………………………..3 1.6Core Values……………………………………………………………………………….3 2 PLANNING…………………………………………………………………………………4 2.1 Objective of the Organisational Analysis………………………………………………4 2.2 Goal Setting………………………………………………………………………………..4 2.3 Project Plan………………………………………………………………………………...4 2.4 Execution……………………………………………………………………………………5 2.6 Difficulties to Be Encountered in Data Collection…………………………………….5 3 ORGANISATIONAL STRUCTURE AND CULTURE…………………………………...6 3.1 Organisational Structure………………………………………………………………….6 3.2 Organisational Culture…………………………………………………………………….6 4 ANALYSIS OF THE FUNCTIONAL UNITS AND THE INTERFACE RELATION…14 4.1 Human Resources Management……………………………………………………….15 4.2 Marketing and Strategic Management……………………………………………….. 19 4.3 Operation Management………………………………………………………………….22 4.4 Information Management………………………………………………………………. 24 5 CRITICAL DEVELOPMENT SKILLS AND AREA OF IMPROVEMENT……………..25 6 BIBLIOGRAPHY…………………………………………………………………………….27 7 APPENDICES……………………………………………………………………………….28

1.0 INTRODUCTION
This chapter gives an overview of the Waltersmith Petroman Oil Limited. It covers the history, nature of business, size, mission, vision, core values and products. 1.1 BRIEF HISTORY
Waltersmith Petroman Oil Limited was incorporated in 1996 as a joint venture between Waltersmith and Associates Limited, a Nigerian company and Petroman Oil Limited of Calgary, Canada to operate as an oil exploration and production company. In 2001, Walter Smith Petroman Oil Limited became a wholly owned Nigerian company with the divestment of Petroman Oil Limited. The company subsequently participated in the Marginal Oil field licensing round for indigenous companies and was awarded the Ibigwe field located in Oil Mining Lease 16 by Federal Government of Nigeria in 2003. The award was on a joint interest basis with MORRIS PETROLEUM LIMITED and WALTERSMITH as the operator. WALTERSMITH executed a farm-out agreement with Shell Petroleum Development Company and its Joint Venture Partners including the Nigerian National Petroleum Corporation (NNPC) in 2004 to effectively takeover the field for development. In June 2008 WALTERSMITH commenced production and crude export from the concession area. 1.2 THE NATURE AND SIZE

WALTERSMITH is an organisation operating in Nigeria Oil and Gas Upstream sector. The organisation which is committed to producing crude oil for the benefit of mankind is led by a board of Directors and a Management team. The company Head office is situated in Ikoyi Lagos Nigeria while its Oil field is at Ibigwe a community in Imo State South- East Nigeria. 1.3 PRODUCTS

The main product that the company produces is crude oil which is being exported to other nations of the world. 1.4 VISIONS AND MISSIONS
Vision: WALTERSMITH’s vision is to become a world class independent integrated oil and gas company Mission: WALTERSMITH’s mission is to responsibly developing hydrocarbon resources for the benefits of mankind.

1.5 CORE VALUES
Best business Practice
Good Governance
Strong commitment to social and environmental responsibilities for the benefits of humanity.

2.0 PLANNING
This chapter...
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