Huawei, a global technology solution provider, has expressed its willingness to deploy
its technology solutions to facilitate government’s initiative aimed at increasing daily oil production.
Government is targeting 4 million barrels daily production and 40 billion reserves.
Huawei, said its technology would boost Nigeria’s oil production by five per cent and improve revenue by $200 million annually.
Enterprise Managing Director of Huawei Technologies Company Nigeria Limited, Michael Zhuang, who gave the assurance at the ongoing 2020 Nigeria International Petroleum Summit, NIPS, said the company has been operating in Nigeria for over two decades supporting local and international companies with latest technology.
Zhuang, at the session hosted by Hauwei with the theme: Driving Data to Barrel, said Huawei “is dedicated to promoting digital transformation and reducing the digital gap in all industries.
“In Nigeria, we have partnered with both International and local oil Companies in Upstream, middle stream and downstream to promote Oil & Gas digital transformation and we remain committed to continuously provide our support and innovation”.
He noted that the company’s Oil & Gas solutions have been applied in 45 countries and regions around the world, serving 70 per cent of global top 20 oil and gas companies.
“We have incorporation to build more than 46,000 KM of Digital Pipelines Globally”, he added.
On how the company intends to plan to drive data to barrel, he said for upstream the company would speed up oil search and search accuracy.
“For Production data: increase production and reduce costs and for Pipeline data: Monitor oil depot data to reduce oil stealing and oil leakage”.