IDSL Develops Efficient Business Model For Oil Exploration In Nigeria

Yemisi Izuora

The Integrated Data Services Limited (IDSL), a subsidiary of the Nigerian National Petroleum Corporation, NNPC,  is driving fresh initiative with a focus on the imperative of building digital competencies in people that will engender business models for efficient oil exploration and production activities.

The IDSL is convening a series of Webinar with key industry operators and experts to come up with ideas to achieve the objective which will also help organizations Key into the industry’s digitization initiative.

The company is cooperating with Technology partner CypherCrescent Ltd., to make these happen.

Speaking at the event widely attended by industry experts,Engr Adokiye TombomieyeTombomieye, Chief Operating Officer, Upstreams, Nigerian National Petroleum Corporation (NNPC), decried the recent adverse global market trend that have taken its tolls on the oil and gas sector.

He cited significant industry scenarios like dwindling global commodity price in 2014, the attack on oil & gas infrastructure in Saudi Arabia on September 2019, and the COVID-19  pandemic and some of the stand-out cases that necessitates expansion of digital technologies to improve investments economics, safety and security in the E&P sector.

According to him, these events and more have formed the motive behind the current drive for a digital revolution in both operational and commercial areas of the oil and gas sector.

The emphasis of Webinar Series 3, which was moderated by Professor Joseph Ajienka, a seasoned scholar and petroleum engineer, was on reducing unit operation cost of crude production to a maximum of $10 per barrel as against the current average cost of $21 – $30 per barrel.

Achieving this objective, which may be viewed  as a tall order, will be realisable  with a change in our mindset and in the words of Mallam Kyari Mele,  the Group Managing Director of the NNPC, if we do things differently.

The key deliverable of the webinar session and subsequent ones will be on developing a SMART Asset Management Digital Transformation Blueprint for operational excellence and cost reduction for the E & P industry.

The expected contributors to the blueprint would be the E & P companies, asset management technology companies, government agencies, and the academia.

The benefits that this will bring to the E & P industry are enormous and include – efficient asset lifecycle management, improved asset reliability, effective preventive maintenance schedule, smart predictive maintenance prompts, enhanced production. In the whole, it will boost our confidence, optimise resource utilisation, reduce operating cost of production and make it easier for us to maximise our revenue realisation.

Alhaji Danladi Inuwa, the Group General Manager, Information Technology Division, NNPC, set the tone for the exciting deliberations with an insightful keynote address after which principal representatives of leading E&P technology companies including Halliburton, Schlumberger, Huawei and CypherCrescent took turn to present to the audience, their advanced digital technologies developed to digitalise oil & gas operations with improved efficiencies. Enriching the discussion further were contributions from asset management leaders including Engr. Afolabi A. F. – General Manager, Western Asset, Seplat; Alessandro Tiani – General Manager, District, Nigerian Agip Oil Company; Ismail Mohammed – Executive Director, Asset Management, NPDC ; Kunle Adeyemo – General Manager, Asset Development, Chevron; and Joseph Musa- Assistant Director, Facilities -Engineering & Standards, DPR.

The next webinar series which will focus on the imperative of building digital competencies in people in order to evolve and run efficient E&P business models comes up on November 12, 2020.

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