“THE energy industry is getting smarter and more intelligent as business operations and growth decisions are being backed by leading-edge data gathering using more sophisticated tools and internet enabled equipment.
Energy Lead and Senior Partner, Real Sector at Verraki, Mrs. Abayomi Olarinmoye, gave this insight during an interactive session with journalists, on the use of technology to expedite growth in the oil and gas industry in Africa.
“The Internet of Things has created a paradigm shift in data-gathering – today, collected and derived data are being used to improve asset utilization and to reduce costs. This will help place the industry at the forefront of global competitiveness,” she said.
She described how new technologies are being used in other parts of the world for data gathering in remote locations, such as drones and other intelligent equipment to inspect pipelines, enabling improved collection of data and communication within an integrated operational infrastructure.
“In order to unlock additional value from their businesses, more oil companies need to deploy digital technologies for predictive asset maintenance and to automate basic, repetitive engineering functions and operations” she said.
To ensure more efficient operations in the industry, she stated that oil and gas players can also unlock value from their business by deploying emerging digital technologies for remote asset monitoring, surveillance and data management.
She stressed that this becomes consequential, given the increasing demand for smarter devices and automated sensors on the field and a move to stay continuously connected with assets in remote locations.
In her words “investing in shared platforms for service delivery and adoption of these digital technologies by oil and gas companies will enable the ability to provide critical data in real-time without any downtime, hence improving co-operation within the ecosystems and their communities”.
Olarinmoye urged industry players to take advantage of Verraki’s best practice techniques to deliver supply chain optimization opportunities, digitize processes and guarantee production and efficiency improvements for oil and gas companies.
” Verraki will apply its global expertise and local insights to partner with enterprises and governments to accelerate the development and transformation of Africa by providing business solutions uniquely tailored for Africa, ” she added.