A statement issued on Wednesday in Lagos by Mr Paul Osu,
said
Mr Gbenga Komolafe, Chief Executive, NUPRC, spoke recently
in Abuja on efforts by the commission to address the menace of crude oil theft.
Komolafe said the deployment of NPMS, which is an electronic
system used in monitoring oil and gas production in Nigeria, was being carried
out in collaboration with other relevant agencies.
According to him, this ensures accurate and reliable
reporting of crude oil production.
He noted that the National Data Repository (NDR) within the
NUPRC serves as the data warehouse for Nigeria’s oil and gas industry.
Komolafe said, “The Value of Information (VOI) is for
purpose of oil and gas investment decision.
“For example, NDR facilitates data for bid rounds in line
with the statutory mandates of the NUPRC under the PIA to prospective
investors, thus enabling informed investment decision and shortening upstream
business lifecycles.”
He also said that NUPRC had taken technological advancements
into consideration in its work processes.
Komolafe said that currently, the Technological Adaptation
Unit within Engineering and Standards Department engages service providers on
new technologies that could be implemented in the petroleum industry.
“In addition, we have established more data related
initiatives in the NDR such as National Improved Oil Recovery Centre (NIORC).
“This focuses on utilising big data to drive reduction in
cost per barrel.
“Also, the Integrated Data Mining and Analytics Centre
(IDMAC) was setup to assess and analyse data for informed business decisions,”
he said.