Ex­plo­rationists ad­vo­cate change in oil reg­u­la­tions

The Guardian (Nigeria) - - ENERGY - By Tayo Oredola

EX­PLO­RATIONISTS, un­der the aegis of the Nige­rian As­so­ci­a­tion of Pe­tro­leum Ex­plo­rationists (NAPE) have ad­vo­cated for a new par­a­digm in oil and gas op­er­a­tions in other to align with cur­rent trends of tech­nol­ogy in the in­dus­try.

The As­so­ci­a­tion, dur­ing its Jan­uary edi­tion of the Monthly Tech­ni­cal Meet­ing in Lagos, said the busi­ness of ex­plo­ration has evolved, hence changes in the cur­rent dy­nam­ics of op­er­a­tions need to be adopted.

In his pre­sen­ta­tion, “The New Par­a­digm in Oil and Gas Ex­plo­ration and Pro­duc­tion, Im­pli­ca­tions for the Niger Delta,” the Se­nior Ad­vi­sor of Lekoil, Ke­hinde Ladipo, said the in­dus­try re­quired tech­nol­ogy trans­for­ma­tion be­cause changes in the growth of the sec­tor have been over­looked.

Ac­cord­ing to him, there has been an ex­po­nen­tial in­crease in data vol­umes such that legacy data of mod­els, which re­quire up to date data man- age­ment tech­nol­ogy to be main­tained.

Ladipo ex­plained that de­spite the chal­lenges in the Niger Delta re­gion, the area is still be­ing iden­ti­fied to have huge po­ten­tial oil re­serves of about 35 bil­lion bar­rels, but can­not be re­alised op­ti­mally if mea­sures like tech­no­log­i­cal ap­pli­ca­tions and in­te­grated in­ter­pre­ta­tion, knowl­edge man­age­ment, ar­ti­fi­cial in­tel­li­gence and dis­ci­pline are not adopted.

“The chal­lenge of find­ing more oil and gas is multi-di- men­sional, and it re­quires new ways of think­ing, and new strate­gies in terms of the way we work,” Ladipo main­tained.

He fur­ther ob­served that the De­part­ment of Pe­tro­leum Re­sources (DPR), should change or re­view its poli­cies be­cause they are ar­chaic in the mod­ern world of ex­plo­ration.

The NAPE Pres­i­dent, Andrew Ejay­eriese, re­it­er­ated that some as­pects of the Pe­tro­leum Acts, and guide­lines in the oil and gas sec­tor have been there for so many years, and need to be re­vived to more con­tem­po­rary ones.

“They have served their pur­pose and have at­tained their use­ful­ness,” he added.

Ejay­eriese said tech­no­log­i­cal in­tel­li­gence wasn’t avail­able in those days, and more so the ways of do­ing busi­ness have changed, and with new dis­cov­er­ies all over the world. “We can­not con­tinue to use those rules; they just need to be re­vised to make them more in line with what mod­ern day oil and gas busi­ness needs to be.”

The NAPE boss re­marked that there are lots of op­por­tu­ni­ties in the Niger Delta to be ex­plored, but how to ac­cess it in a man­ner that would be com­pet­i­tive with other ar­eas of the world is the chal­lenge.

Ac­cord­ing to him, like ev­ery­thing else they are in busi­ness to make money, so if they can­not achieve that cheaply in or­der to break even and make some profit, it be­comes a bit more chal­leng­ing, even to the govern­ment.

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