Huawei, a leading global ICT infrastructure provider, has introduced new ICT solutions in Nigeria’s oil and gas industry to improve safety and efficiency.
Huawei hosted a forum to discuss how to drive data to barrel at the Nigeria International Petroleum Summit 2021 and set up an exhibition booth to showcase its leading new ICT innovations such as Oil and Gas IoT, Digital Pipeline, HPC & Operations Management, and Smart Distribution.
One of Huawei’s Energy Account Directors, Raymond Wang, told the Minister of State for Petroleum Resources, Timipre Sylva, who was visiting the Huawei exhibition booth with other dignitaries such as the Group Managing Director of NNPC, Mele Kolo Kyari, and the Permanent Secretary, Ministry of Petroleum Resources, Bitrus Bako Nabasu, that the solutions he presented were based on the needs of the people. Oil and gas companies can benefit from emerging trends such as Big Data, IoT, AI, 5G, and Cloud.
The oil and gas industry’s digital maturity is still far behind that of heavy asset industries like transportation, telecommunications, banking, and industrial manufacturing, according to a third-party report. Unlike these industries, the oil and gas industry has only used a small portion of the available data to make decisions.
As a result, a digital strategy can significantly boost development. Predictive maintenance, remote operations centres, dynamic energy selection mode, omni-channel retailing, and connected service fields are some of the more promising values it can unlock. This is expected to improve the oil and gas industry’s social values.
The report also made some bold predictions. Between 2016 and 2025, the digital strategy is expected to generate $1.58 trillion in value for the oil and gas industry, according to the report. Without a doubt, the oil and gas industry is at a fork in the road and in desperate need of digital transformation.
Huawei’s mission is to promote digital transformation and reduce the digital gap across all industries. For the Oil & Gas industry in Nigeria, we have several targets such as; improving production by about five per cent to boost revenue and the GDP; HSE can be greatly improved to reduce accidents for a safer and more secure Oilfield;
O&M cost can be reduced each year to 15 Million in total; Visualization, Monitoring and Security Management of Pipeline and Full process of Oil Depot; Curbing of vandalism and Oil leakage for Oil Pipelines by providing innovative solutions which can monitor illegal operations in Oil Depot, thereby significantly reducing oil tampering; Ensure the E&P processing speed will be reduced from the average hourly level to the minute level; Improve E&P processing accuracy, that is, E&P Data processing error rate will be reduced from an average of 10 per cent to two per cent; help E&P companies to find oil more accurately and faster to realize Data to Barrel.” Wang added
“In line with the Sustainable Development Goals, Huawei is focusing on renewable energy technologies to drive green and environmentally friendly energy,” he added.