The chief executive officer of Siemens Nigeria, Onyeche Tifase, has said that the west African country can become a global energy power house through a digital revolution of its oil and gas facilities.
Tifase explained that digitalisation in the energy sector would involve the better use of data to manage and control multiple operations, THISDAY reported.
She further noted that the application of digitalisation would enable efficiencies in energy management and automation systems, declaring that workers in a digital industrial environment enjoy a massive increase in skills and productivity.
According to Tifase, with a potential $300 billion to be added to the African economy by 2026, through the adoption of digitalisation, Nigeria would receive a significant portion of that figure to advance its growing oil and gas market, media reported.
However, she said that to make this a reality, the federal government should include a robust digitalisation policy and supporting legislation, its Economic and Recovery Growth Plan 2017-2020.
Tifase also highlighted that digital development is not confined to new oil and gas facilities.
“Effective integration of digital technologies could reduce capital expenditure in the oil and gas sector by up to 20%, cut upstream operating costs by up to 5% and downstream costs by up to 2.5%,” she said.
Solving on-going vandalism
She stated that Nigeria’s best approach will be a combination of local skills and knowledge, and the expertise and experience of a proven international partner able to deliver digital technologies and automation, together with traditional instrumentation and controls, across the entire energy value chain.
This further supports backward integration of skills and technical competence in the country’s limited skilled workforce, she said.
The Siemens Nigeria boss said that while the energy sector is struggling with on-going vandalism of its oil and gas infrastructure, with a staggering financial impact, technology is a significant part of the solution to this challenge, as it enables real-time monitoring of infrastructure and quicker incident responses.
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