The Department of Petroleum Resources, DPR, on Monday flagged off the Search, Rescue and Surveillance (SeRAS) initiative meant to sustain safety as well drag down costs in the industry.
At the event Director of the DPR, Sariki Auwalu described the initiative as capable of addressing major challenges being faced by players in the Nigerian oil and gas industry.
The exercise was a follow up of the recent unvelling of the National Oil and Gas Excellence Centre, NOGEC, by the agency in Lagos to improve safety, optimise value and ensure cost efficiency in the industry.
The NOGEC was inaugurated by President Muhammadu.
The integrated resource centre, whose major flagship units are domiciled at the Department of Petroleum Resources (DPR) headquarters annex, in Lagos, is a well-thought out regulatory intervention of the agency to tackle some of the major challenges being suffered in industry.
The NOGEC is structured to drive three-prong objectives of safety, value and cost efficiency in the Nigeria oil and gas industry, under five flagship centres, including Search, Rescue and Surveillance (SeRAS) Command and Control Centre.
The NOGEC complex encompasses five units which are the Search, Rescue and Surveillance (SeRAS) Command and Control Centre, the National Improved Oil Recovery Centre (NIORC), the Oil and Gas Alternative Dispute Resolution Centre (ADRC), the Oil and Gas Competence Development Centre (CDC) and the Integrated Data Mining and Analytics Centre (IDMAC)
According to Auwalu, SeRAS is designed to enhance safety management, emergency preparedness and response and routine transportation for bed space management.
He said the project will eliminate safety challenges in the entire value chain of the industry while at the same time provide safety nets for investors.
Auwalu, said the creation of NOGEC began with the express mandate of President Buhari seeking to reduce cost, improve efficiency and create employment in the industry.
“DPR identified five key initiatives that will help to achieve the intent of Mr President’s mandate. It is pertinent to note that the entire oil and gas business is hinged on revenue and safety, which provide the basis for identifying the five initiatives that form the pillars of NOGEC.”
Auwalu also said the industry now has the resources and platform to interact, cooperate and collaborate on salient industry issues for optimum performance.
President of the Independent Petroleum Marketers Association of Nigeria, IPMAN, Elder Chinedu Okoronkwo in his goodwill message assured DPR of his Association support to ensure smooth implementation of the project.
Okoronkwo, stated that IPMAN now becoming more of an operator and controlling 80 per cent of the downstream market will benefit immensely from the project.
Mr. Adeyemi Bero, Chairman, Independent Petroleum Producers Association, called for concerted efforts of industry player to ensure realisation of the exercise.
Bero said the project will be of immense benefit for offshore operators whose business face critical business risks all the time.
On his part, Mike Odunuwe chairman PetroleumTechnology Association of Nigeria , PETAN, applauded the DPR for the initiative and called for more collaboration from the aviation industry as well as security agencies for efficient process management and positive implementation process.