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Nairaland Forum / Nairaland / General / Politics / ANALYSIS: Digitalising Nigeria’s Oil Operations For Maximum Efficiency (5242 Views)
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ANALYSIS: Digitalising Nigeria’s Oil Operations For Maximum Efficiency by Blue3k(m): 11:05pm On Sep 24, 2017 |
By embracing a digital revolution in its oil and gas facilities, Nigeria could propel itself from the shadows of persistent underperformance to become a global energy powerhouse. This will be a catalyst for industrialisation and growth in many other economic sectors too, says Onyeche Tifase, Siemens Nigeria CEO. Source: https://www.premiumtimesng.com/news/240968-analysis-digitalising-nigerias-oil-operations-maximum-efficiency.html Front Page: Lalasticlala |
Re: ANALYSIS: Digitalising Nigeria’s Oil Operations For Maximum Efficiency by Blue3k(m): 11:33pm On Sep 24, 2017 |
The projections sound excellent. Theven opportunity in our own backyard is abundant it's a point I stressed in my industrialization piece. A huge import for all ECOWAS nations is oil. Again I respect this woman's sales skill. The oil projection is a bit too high. I'm not sure if the modular refineries will be ready by 2019. The PWC report assumes capacities of 15% for state owned refinery, 50% for Dangote and 90% from other modular projects. Omohayek an article you will like. 1 Like |
Re: ANALYSIS: Digitalising Nigeria’s Oil Operations For Maximum Efficiency by Nobody: 9:23am On Sep 25, 2017 |
Re: ANALYSIS: Digitalising Nigeria’s Oil Operations For Maximum Efficiency by x6blade(m): 9:25am On Sep 25, 2017 |
Nigeria should think of other ways to generate revenue ,oil is becoming obsolete the world is moving on to the next phase 2 Likes |
Re: ANALYSIS: Digitalising Nigeria’s Oil Operations For Maximum Efficiency by islandmoon: 9:27am On Sep 25, 2017 |
more like a game of chess, and now the world power are draining our best brains, our human capital, but our own leaders are frustrating experts here instead of attracting them here, I just hope they will come back to contribute to the development of this country, I also hope Nigeria will revive Ajaokuta steel, but our leaders are too dumb, out of 130 trucks of rice sent to IDP camps, 80 trucks was diverted , re-bagged sold, and when someone raised alarm he was arrested , what a nation?? , imagine walking on the street of saudi and you hearing parked cars engine running? but here in Nigeria drivers off engine in attempt to save fuel. if we can revive our steel industry, we will have steel materials to practice on our way to development |
Re: ANALYSIS: Digitalising Nigeria’s Oil Operations For Maximum Efficiency by pilarnig(m): 9:27am On Sep 25, 2017 |
This sounds too good to be true |
Re: ANALYSIS: Digitalising Nigeria’s Oil Operations For Maximum Efficiency by Alphasoar(m): 9:29am On Sep 25, 2017 |
Well in Nigeria, it is high time we allow the few technocrats in Nigeria to run the affairs of this State. We don't need all these so called elected representatives that care for nothing except their baggy stomachs. Nigeria can be great again! Udo!! 1 Like |
Re: ANALYSIS: Digitalising Nigeria’s Oil Operations For Maximum Efficiency by Nobody: 9:32am On Sep 25, 2017 |
when it comes to Nigeria tin only make sense on paper abeg |
Re: ANALYSIS: Digitalising Nigeria’s Oil Operations For Maximum Efficiency by jayloms: 9:35am On Sep 25, 2017 |
Digitisation is the new focus! |
Re: ANALYSIS: Digitalising Nigeria’s Oil Operations For Maximum Efficiency by Innodon(m): 9:36am On Sep 25, 2017 |
Following |
Re: ANALYSIS: Digitalising Nigeria’s Oil Operations For Maximum Efficiency by Desyner: 9:41am On Sep 25, 2017 |
What the article may not realize is that the Nigerian oil industry is technically out of the govt grip. |
Re: ANALYSIS: Digitalising Nigeria’s Oil Operations For Maximum Efficiency by NairalandCS(m): 9:42am On Sep 25, 2017 |
Alphasoar: Well said. 1 Like
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Re: ANALYSIS: Digitalising Nigeria’s Oil Operations For Maximum Efficiency by Nobody: 9:42am On Sep 25, 2017 |
It is not digitalising but digitizing or automating 1 Like |
Re: ANALYSIS: Digitalising Nigeria’s Oil Operations For Maximum Efficiency by Sweetguy25: 9:57am On Sep 25, 2017 |
Una still dey talk oil. |
Re: ANALYSIS: Digitalising Nigeria’s Oil Operations For Maximum Efficiency by DaudaAbu(m): 10:00am On Sep 25, 2017 |
Everything revolving around dangote refinery |
Re: ANALYSIS: Digitalising Nigeria’s Oil Operations For Maximum Efficiency by Bashir75: 10:32am On Sep 25, 2017 |
Rise of the Aramcons Behind the veil of Saudi Aramco The biggest oil company has a good story to tell—if it can disentangle its image from that of the kingdom Print edition | Business Sep 21st 2017 | DHAHRAN IF SAUDI ARAMCO is a state within a state in Saudi Arabia, then the blandly named Oil Supply Planning and Scheduling (OSPAS) is its deep state. To enter it, you pass tight security at Aramco’s suburban-style headquarters in Dhahran, in the east of the kingdom. The transition is eye-opening. Suddenly, English is the common tongue even among Saudi “Aramcons”, as its workers are known. Female employees, their faces uncovered, lead meetings of male colleagues. The crisp banter is common to engineers everywhere. A toilet break is called a “pressure-relief” exercise. Deep within, OSPAS is even further removed from the kingdom outside. The few executives with clearance to enter call it the “nerve centre” of the world’s largest oil company. Using 100,000 sensors and data points on wells, pipelines, plants and terminals, it directs every drop of oil and cubic foot of gas that comes out of the kingdom (10% of the world’s oil supply), monitors it on giant screens as it heads to ports and power stations, and tracks oil tankers as they load. Well managers in the desert outback wait daily for OSPAS to tell them what to do. “It’s not just pretty graphics,” an executive says, purring appreciatively over the 70-metre web of data flashing on the wall. Because Aramco has all its “upstream” oil-and-gas operations in one country, it says it can justify investing big sums—and a lot of computer capacity—on such technology, because it helps cut costs. “ExxonMobil operates in 40-plus countries. It just can’t do that,” the executive adds, before apologising lest he appear to bad-mouth a client and partner, one of Aramco’s American founding former shareholders. Such comparisons will become more pertinent as Aramco opens itself up for an initial public offering (IPO). Until recently it was just as cloistered from outside scrutiny as the kingdom itself, giving it more of a mystique than a good reputation. This week it invited The Economist for a visit. It only partially lifted its veil; its finances remain off-limits to everyone except the government, its only shareholder. Affable executives dodge almost every attempt to wheedle out useful ways of comparing the firm with its listed peers (it has no peers, they dissemble). But despite the hermeticism, Aramco has a good tale to tell. Even as its rivals have retrenched owing to low prices, it has stuck to long-term plans, investing heavily in technology, training and the future of oil. Its long-term approach may help explain one mystery. For decades, Saudi Arabia’s declared oil reserves have confounded the industry; since 1989 they have remained suspiciously constant at around 260bn barrels—a dozen times those of Aramco’s nearest listed rival (see chart). As if to rub it in, Aramco says the kingdom has a whopping 400bn further barrels of resources that could one day become reserves. These reserves are under audit ahead of the IPO, and executives are loth to discuss the process. However, they argue that whereas other companies have to go far to find new reserves, Aramco can keep them constant simply by better stewardship of its existing fields. Amin Nasser, the chief executive, says the company’s recovery rates—the share of oil recouped from what is available in a field—average about 50%, but rise as high as 70%, compared with a global average of about 33%. It does this by maintaining the pressure of its wells over the long term through gas re-injection and other means. Raising recovery rates on average to 70% would add 80bn barrels to reserves, an executive says. That is four times ExxonMobil’s latest total. Unlike big listed companies, which scrapped growth plans when the price of oil slumped in 2014-16, Aramco has also been able to keep on investing because of its low costs, Mr Nasser says. Increasing natural-gas output is now the main focus, but it has also raised oil production in some areas. This is visible at the vast Shaybah field in Saudi Arabia’s blisteringly hot Empty Quarter, where Aramco last year upped oil output by 250,000 barrels a day (b/d) to 1m b/d, inaugurated a facility to process natural-gas liquids (pictured on previous page) and laid 650km of new pipelines across a mountain range of red sand dunes. (Aramco also set out to repopulate the surrounding desert with oryx, gazelle and ostrich hunted almost to extinction. They are now reproducing, although the first ostrich eggs to fertilise sadly cooked in the heat.) Its second focus is technology. Whereas some of its peers admit that they squandered the chance to invest in big data during the oil boom before 2014, Aramco has no such regrets. Last year it inaugurated its home-grown “TeraPowers” technology, which uses 1trn pixel-like computational cells to simulate the flow of hydrocarbons through 500m years of geological time, enabling it to model oilfields in granular detail. From Dhahran it can remotely direct drilling of horizontal wells in Shaybah, steering a drill-bit through miles of rock to within a few feet of its target. (Royal Dutch Shell recently boasted of using similar remote-drilling technology in Argentina.) To train young employees in understanding the subsurface, Aramco has a 3D virtual-reality “cave” in Dhahran, which shows the filigree of wells 1,500 metres below the surface of Shaybah, as if from a submarine. Third, as Saudi Arabia’s most attractive employer, Aramco has less difficulty than its Western peers in attracting millennial recruits (born between around 1980 and 1996) who are turning away from the oil and gas industry. It has kept up spending on international scholarships during the slump. It plans to raise the share of women in the workforce from 25% to 40%. Its chief engineer and head of human resources are both female. Saudi labour laws still apply, however: female Aramcons may not stay overnight at an oilfield. Aramcons pride themselves on a Westernised culture handed down from their American forefathers before nationalisation in 1980. This makes them confident they can handle the listing. “From the way [Aramco] was built, from the beginning I would say it was ready for an IPO,” Mr Nasser says. The main change, he adds, will be issuing quarterly results. But that underplays the challenges ahead. For one thing, Aramco is not master of its destiny. The future of the IPO, such as the decision on where and when to list, is in the hands of the government shareholder, represented by Muhammad bin Salman, the crown prince. Domestic political tension and external frictions with Qatar risk delaying the IPO until 2019—and further muddying the waters. The potential valuation is also contentious. MBS, as the crown prince is known, has said he believes Aramco is worth $2trn, though many analysts think that is over-ambitious. To improve its chances, the kingdom is leaning toward a listing on the New York Stock Exchange rather than in London, because America has deeper pools of capital. However, that would expose Aramco to legal risks it would prefer to avoid. In order to bring in Chinese investors, the kingdom is also considering issuing some shares in Hong Kong. However strong Aramco may be upstream, its lower-margin refining and petrochemicals divisions will drag down the valuation. Aramco has some intriguing plans to mitigate this, hoping in the next few years to build a plant with new technology to turn crude oil directly into petrochemicals—in essence, leap-frogging refineries. But this is untested. In sum, the IPO is more for the kingdom’s benefit than Aramco’s. It could have drawbacks—exposing the firm to investors with short time horizons or to activists hostile to fossil fuels. But the Aramcons appear determined to make the most of it. Executives argue that oil’s future is bright, even if electric cars and cleaner fuels emerge. Low costs mean there is no danger Saudi oil will become a “sunset industry”, says Mohammed al-Qahtani, head of its upstream division. A listing will make Aramco “the envy of the rest of the world”. This article appeared in the Business section of the print edition under the headline "Behind the veil" 3 Likes
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Re: ANALYSIS: Digitalising Nigeria’s Oil Operations For Maximum Efficiency by akigbemaru: 10:53am On Sep 25, 2017 |
Blue3k: |
Re: ANALYSIS: Digitalising Nigeria’s Oil Operations For Maximum Efficiency by handsomebanana(m): 11:20am On Sep 25, 2017 |
2 Likes |
Re: ANALYSIS: Digitalising Nigeria’s Oil Operations For Maximum Efficiency by Oildichotomy(m): 11:22am On Sep 25, 2017 |
If I am to comment as a typical Nigerian, I would say these are just some bunch of permutations and conjectures. If politicians are to drive this suppose digitization scheme, it will always fail. We have not been able to digitise governance fully, talk more of a capital intensive oil and gas industry. Wishful thinking in my books 1 Like |
Re: ANALYSIS: Digitalising Nigeria’s Oil Operations For Maximum Efficiency by handsomebanana(m): 11:28am On Sep 25, 2017 |
This stuff is big outside the shores of Africa. Siemens j is a big player in the digital revolution. Companies like C3 IoT, uptake, General Electric with their predix platform , SAP with SAP HANA, thingworx (not sure of d spelling). Used to solve problems in multiple verticals, oil and gas, utilities, manufacturing, inventory management, logistics and transportation etc Due to continous monitoring, features such as predictive maintenance can be used to enable proactive measures instead of being reactive. Asset management, oil well monitoring etc. |
Re: ANALYSIS: Digitalising Nigeria’s Oil Operations For Maximum Efficiency by CocoaOla: 12:27pm On Sep 25, 2017 |
oil that is causing catastrophe around the world |
Re: ANALYSIS: Digitalising Nigeria’s Oil Operations For Maximum Efficiency by agabusta: 1:53pm On Sep 25, 2017 |
This seems laudable but will the Nigerian factor ever allow it to sail through? I trust civil servants in the petroleum industry, if there is nothing in the sack for them, they will not allow it to sail through. Whereas, this is supposed to be their work, they are supposed to be the think tank of the govt, proposing ideas on now the country can maximise its gains and reduce wastage. See front page thread still on page 0 hours after hitting front page; basically because it is not a tribal/religious/political issue. lol And we'd be abusing our political leaders that discussions are not issue-based, even when the citizens don't engage in such high intellectual discussions, all that people do is to complain, complain, complain and throw abuses. |
Re: ANALYSIS: Digitalising Nigeria’s Oil Operations For Maximum Efficiency by agabusta: 2:17pm On Sep 25, 2017 |
islandmoon: Different govts has continuously messed up the Ajaokuta issue, and the present govt even seems confused on the way foward. They tried to negotiate themselves from the intricate and nonviable concession that was earlier done. And even in the process, they lost the iron ore mining company that provides raw materials to the plant. The company that could not properly manage the Ajaokuta plant now has under its control, the mining company. What if they flop as they earlier did, how will the plant be able to get raw materials?? Now the plant itself, after 2 years they have not come out to categorically tell us what they intend for the plant. Too much vested interest in this country, that is why we are not moving forward. Too much nepotism and greed. Its just tiring 1 Like |
Re: ANALYSIS: Digitalising Nigeria’s Oil Operations For Maximum Efficiency by Blue3k(m): 2:30pm On Sep 25, 2017 |
agabusta: I don't have any hope for these assets until the are completely privatized. Even when it is the government might still engage in corruption like in the case with ALSCON. The supreme court ruled on case and government is willfully disobeying for Russian interest. The metering policy of 2014 hasn't been implemented. The government has plenty control of oil industry through regulation anyway. 2 Likes 1 Share |
Re: ANALYSIS: Digitalising Nigeria’s Oil Operations For Maximum Efficiency by edemsimeon: 8:11pm On Sep 25, 2017 |
DIGITILISATION OF NIGERIA'S OIL AND GAS SECTOR MAY TAKE SOME YEARS BEFORE IT COMES TO REALITY.IT'S 'COS WE'RE STILL CRAWLING.WE AREN'T DEVELOPED.SHOULD NIGERIA BE COMPARED TO RUSSIA,US,EGYPT,.....? |
Re: ANALYSIS: Digitalising Nigeria’s Oil Operations For Maximum Efficiency by Goke7: 8:29pm On Sep 25, 2017 |
agabusta: it shows how backwards we still are especially our so called youths, instead of them taking up courses online on digital transformation and digital marketing, they will be online arguing about islamization and other nonsense. we are joking about our future cos lots of our youths will wake up tomorrow to see there are no jobs except for those with digital skills. 1 Like |
Re: ANALYSIS: Digitalising Nigeria’s Oil Operations For Maximum Efficiency by Goke7: 8:31pm On Sep 25, 2017 |
edemsimeon: Digitization is here bruv, and only those who have prepared themselves before now are already reaping the fruits 1 Like |
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