The Nigerian National Petroleum Corporation (NNPC), Huawei Technologies Company Nigeria Limited and other stakeholders in the Nigerian Oil and Gas Sector ,are brainstorming on how to advance Oil Industry growth.
The Nigerian National Petroleum Corporation (NNPC), Oil Industry Operators and Stakeholders including delegates from Chevron, Shell Petroleum, Total, ExxonMobil, PwC Nigeria, IDSL and Agip, are meeting at the on-going 2021 Nigeria International Petroleum Summit in Abuja to chart better ways of running the oil industry and further advancing its growth.
In his speech during the session, NNPC Group Managing Director, Mele Kyari, said the oil industry was going through concerns ranging from energy transition to COVID-19 induced challenges but government is working to address the challenges facing the industry in Nigeria.
He identified funding as a major issue in the industry for two reasons, paucity of resources across the globe and overall reluctance by investors and financial institutions to put money into fossil fuels related businesses.
Michael Zhuang, Managing Director of Huawei Technologies, while speaking during the session captioned “Data to Barrel” said Huawei had partnered both international and local oil companies in the upstream, midstream and downstream arms to promote oil and gas digital transformation.
According to him, the Oilfield IoT solution by Huawei has made it possible to visualise and monitor real time production and reduce the vandalism on well sites. In the downstream sector, they have also delivered a monitoring solution for Nigerian National Petroleum Corporation (NNPC) to enable a safer and more secured management at its headquarters and mega retail outlets.
While on Enterprise information, he said Huawei delivered a green modular data centre solution to the Integrated Data Services Limited (IDSL) to reduce the data centre Operating and Management cost as well as to improve its efficiency.