The Nigerian Upstream Petroleum Regulatory Fee (NUPRC) stated, it is in the method of upgrading and deploying the Countrywide Production Monitoring Process (NPMS) facility in the direction of curbing crude oil theft in the nation.

The main executive, NUPRC, Mr Gbenga Komolafe, spoke recently in Abuja on efforts by the fee to address the menace of crude oil theft.

He mentioned, the deployment of NPMS, which is an electronic procedure that is utilized to observe oil and gas production in Nigeria was being carried out in collaboration with other related agencies.

To him, this makes sure exact and trustworthy reporting of crude oil creation.

He observed that the Nationwide Information Repository(NDR) in just the NUPRC serves as the knowledge warehouse for Nigeria’s oil and gasoline field.

Komolafe explained: “the Value of Data (VOI) is for intent of oil and gasoline expense selection.

“For example, NDR facilitates data for bid rounds in line with the statutory mandates of the NUPRC less than the PIA to potential traders, hence enabling informed financial investment choice and shortening upstream company lifecycles.”

Also, he mentioned , the NUPRC had taken technological improvements into thought in its function processes.

Komolafe explained now, the Technological Adaptation Device inside Engineering and Criteria Division engages service vendors on new systems that can be implemented in the Nigerian Petroleum Sector.

“In addition, we have proven much more information related initiatives in the NDR this sort of as Nationwide Enhanced Oil Restoration Centre (NIORC) focussed on utilising significant info to push reduction in charge for each barrel.

“Also, the Built-in Data Mining and Analytics Centre (IDMAC) was setup to assess and analyse info for informed company choices,” he reported.



Supply link