National Economy Newspaper
Friday, March 5, 2021
  • Home
  • News
    • Cover Story
    • International News
  • State In Focus
  • Local Commodities
  • Personal Finance
  • Special Reports
  • Others
    • Bag of Rice Index
National Economy Newspaper
  • Home
  • News
    • Cover Story
    • International News
  • State In Focus
  • Local Commodities
  • Personal Finance
  • Special Reports
  • Others
    • Bag of Rice Index
No Result
View All Result
National Economy Newspaper
No Result
View All Result

PMB To Inaugurate National Oil And Gas Excellence Centre

2 months ago
in News
Reading Time: 3min read
132 2
0
PMB To Inaugurate National Oil And Gas Excellence Centre
153
SHARES
1.9k
VIEWS
Share on WhatsAppShareTweet this

President Muhammadu Buhari will on January 21 virtually inaugurate the National Oil and Gas Excellence Centre (NOGEC) Lagos, as part of effort to boost the operations of the nation’s petroleum sector.

Head, Public Affairs, Department of Petroleum Resources (DPR), Mr Paul Osu, made the announcement in a statement issued on Monday in Lagos.
The director of DPR, Mr Sarki Auwalu , who is the chief host, said the centre was structured to drive the three-prong objectives of safety, value and cost efficiency which are critical for oil and gas industry stability, growth and sustainability .

According to him, the centre would afford the Nigerian oil and gas industry the crucial elements for competitive advantage in a changing global energy landscape.

samndaads

“The integrated centre will also entrench Nigeria’s status as regional leader and position the nation for significant global impact in the provision value-added services and breakthrough solutions for the industry in years and decades to come,” he said.

Auwalu said the NOGEC complex was structured to house the various flagship centres in order to comprehensively cover key areas of the industry.
He said the flagship centres were Search, Rescue and Surveillance (SeRAS) Command and Control Centre and National improved Oil Recovery Centre (NIORC).

samndaads

Others are Oil and Gas Dispute Resolution Centre (DRC) , Oil and Gas Competence Development Centre (CDC) and Integrated Data Mining and Analytics Centre (IDMAC).
The DPR boss said, “SeRAS is an industry-wide programme established to enhance safety management, emergency preparedness and response as well as bed space management and logistics services across the industry .
“SeRAS will entrench safe practices, drive cost reduction and improve operational efficiency across the industry. The SeRAS Command and Control Centre (CCC) established at the NOGEC Centre, Lagos while two other Rescue Coordination Centres (RCC) will be set up at Osubi and Brass, in the first instance, for effective coverage of areas of operations. ”

According to him, the NIORC
is established to formulate and implement strategies for improved and enhanced oil recovery methods in the oil and gas industry for the purpose of achieving maximum production at the lowest possible cost.

“The centre will partner with operators and technology innovators in their research and development efforts for achieving its objectives.

“It will also collaborate with similar international oil and gas regulators in sharing lesson learnt and operational best practices.

“NIORC will focus on the implementation of a robust national IOR framework to enable the country to optimise its resources as well as create greater opportunities for operators,” he said.

He noted that the Oil and Gas DRC would offer arbitration, mediation and conciliation services for the Industry.
Auwalu said the centre would leverage industry technical experts, alternative dispute resolution practitioners and resources of the National Data Repository (NDR) to provide fair and balanced resolutions of industry-related disputes from an informed position.
He said , “The DRC is structured to adequately resolve disputes in a manner consistent with regulatory and commercial interests of the Industry.

“This will address suboptimal development of oil and gas assets associated with lingering disputes and the attendant consequences of value erosion in terms of national resource growth, global competitiveness, investment attractiveness, government take and investor’s profitability.”

Auwalu said the Oil and Gas CDC was a world – class centre of excellence that would serve as the innovation hub for the oil and gas Industry in Nigeria, and beyond.
He said, “The centre will feature state-of the-art training facilities, meeting rooms, conferencing, electronic library, digital visualisation centre, and co-working spaces designed to stimulate creative thinking to proffer solutions for the technical and business challenges facing energy sector practitioners.

“The CDC Is set up to be a regional hub to deliver trainings for oil and gas industry practitioners .

“The centre will significantly reduce the cost of training and capacity building which is often associated with international travels by utilising both local and international subject matter experts (SME) to deliver world-class training in-country.

“The centre shall leverage the National Data Repository (NDR) and its robust suite of digital solutions as well as other existing real-time electronic services to deliver hands-on, practical solutions to industry challenges.”

Auwalu said the IDMAC would provide the platform for appropriate analysis of industry data to provide meaningful insights that would enable effective decision making for investment, asset development, portfolio management and operational excellence.

”Technical, operational and economic decisions across the value chain are underpinned by credible, reliable dataset both from corporate and national planning perspectives.

“IDMAC will take advantage of DPR’s resources and tools- Big Data, Internet of things (loT) and Artificial intelligence (Al) for evaluation, analytics and data synthesis by interested parties.

SendShare61Tweet38ShareShare11

Related Posts

Crude Oil Prices Surge By 5% On OPEC Production Agreement
News

Crude Oil Prices Surge By 5% On OPEC Production Agreement

15 hours ago
Saudi Arabia Congratulates Nigeria On Implementation Of Oil Output Cut
News

Saudi Arabia Congratulates Nigeria On Implementation Of Oil Output Cut

15 hours ago
MTN Expands Cardless Cash Withdrawal Service To 20 Banks
News

MTN Expands Cardless Cash Withdrawal Service To 20 Banks

16 hours ago
FIRS Targets N5.9trn Tax And Other Revenue Collection For 2021
News

FIRS Targets N5.9trn Tax And Other Revenue Collection For 2021

16 hours ago
FG Inaugurates FCCPC, Consumer Tribunal Boards
News

FG Inaugurates FCCPC, Consumer Tribunal Boards

16 hours ago
MOMAN Says Dangote Refinery Will Be Extremely Beneficial To Nigeria
News

MOMAN Says Dangote Refinery Will Be Extremely Beneficial To Nigeria

16 hours ago

Popular

  • How Diaspora Taxation Can Shore Up Nigeria’s Revenue Base

    How Diaspora Taxation Can Shore Up Nigeria’s Revenue Base

    177 shares
    Share 71 Tweet 44
  • Policy Inclusion: African Farmers Stories To Train Youths On Drone

    154 shares
    Share 62 Tweet 39
  • New Carbon Footprint Calculator to Track Consumption

    159 shares
    Share 64 Tweet 40
  • CBi Unveils Web-based Solution For MSMEs

    159 shares
    Share 64 Tweet 40
  • CBN Approves New Cheque Standard For Banks

    162 shares
    Share 65 Tweet 41
  • Ajaokuta Steel’s 100 Years Lifespan

    159 shares
    Share 64 Tweet 40
  • Nigerians Can Now Make Money From Growing Stevia – Agribusiness Expert

    168 shares
    Share 67 Tweet 42
  • Lush Hair Sponsors NASHCO Annual Hair Contest

    159 shares
    Share 64 Tweet 40
  • GEORGE’S MIDAS TOUCH IN THE NATIONAL INLAND WATERWAYS AUTHORITY

    158 shares
    Share 63 Tweet 40
  • Themap Assures Business Partners Not To Panic Over Hackers’ Attack On Instagram Page

    161 shares
    Share 64 Tweet 40
  • Trending
  • Comments
  • Latest
How Diaspora Taxation Can Shore Up Nigeria’s Revenue Base

How Diaspora Taxation Can Shore Up Nigeria’s Revenue Base

January 9, 2021
Policy Inclusion: African Farmers Stories To Train Youths On Drone

Policy Inclusion: African Farmers Stories To Train Youths On Drone

February 15, 2021
New Carbon Footprint Calculator to Track Consumption

New Carbon Footprint Calculator to Track Consumption

July 24, 2020
CBi Unveils Web-based Solution For MSMEs

CBi Unveils Web-based Solution For MSMEs

December 5, 2019
Crude Oil Prices Surge By 5% On OPEC Production Agreement

Crude Oil Prices Surge By 5% On OPEC Production Agreement

March 5, 2021
Saudi Arabia Congratulates Nigeria On Implementation Of Oil Output Cut

Saudi Arabia Congratulates Nigeria On Implementation Of Oil Output Cut

March 5, 2021
MTN Expands Cardless Cash Withdrawal Service To 20 Banks

MTN Expands Cardless Cash Withdrawal Service To 20 Banks

March 5, 2021
FIRS Targets N5.9trn Tax And Other Revenue Collection For 2021

FIRS Targets N5.9trn Tax And Other Revenue Collection For 2021

March 5, 2021
National Economy Newspaper

©2020 National Economy

Links

  • Home
  • Privacy & Policy
  • Terms of Use
  • Contact Us

Follow Us

No Result
View All Result
  • Home
  • News
  • Alpha Companies
  • Business
  • Exclusive 🔒
  • Local Commodity
  • Viable States
  • Personal Finance
  • Special Reports

©2020 National Economy

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version