NUPRC: We’ll deploy electronic system to curb oil theft

Best News Network  > Uncategorized >  NUPRC: We’ll deploy electronic system to curb oil theft

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed that it is upgrading and deploying the National Production Monitoting System (NPMS) facility toward curbing crude coil theft.

This was made known by Gbenga Komolafe, chief executive officer (CEO) of NUPRC at a gathering in Abuja while speaking on efforts by the commission to address the menace of crude oil theft.

Paul Osu, NUPRC’s spokesperson, quoted the CEO as saying in a statement on Wednesday. 

According to the statement, Komolafe said the deployment of NPMS was being carried out in collaboration with other relevant agencies.

NPMS is an electronic system used in monitoring oil and gas production in Nigeria.

Komolafe restated that the system will ensure accurate and reliable reporting of crude oil production, noting that the National Data Repository (NDR) within the NUPRC serves as the data warehouse for Nigeria’s oil and gas industry.

“The value of information (VOI) is for purpose of oil and gas investment decision,” he said.

“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.”

According to him, NUPRC had considered technological advancements in its work processes.

He said the technological adaptation unit (TAU) within the engineering and standards department engages service providers on new technologies that could be implemented in the petroleum industry.

He added that the commission had also established more data-related initiatives in the NDR, such as National Improved Oil Recovery Centre (NIORC).

“This focuses on utilising big data to drive a reduction in cost per barrel,” he said.

“Also, the Integrated Data Mining and Analytics Centre (IDMAC) was set up to assess and analyse data for informed business decisions.”

The post NUPRC: We’ll deploy electronic system to curb oil theft appeared first on NEWS.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.