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Adequate technology; solution for oil industry challenges- Seplat

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The Executive Director, Operations Seplat Petroleum Development Company Plc, Mr. Effiong Okon has expressed that the right adoption of contemporary technologies like Artificial Intelligence (AI), big data and mobile technology will help the progress of the Nigerian oil industry.

According to him, it will not only drive planning and forecast in the Nigerian oil industry but will also help in addressing risks associated with the business.

Vanguard reported that the Seplat head said this at the 43rd Society of Petroleum Engineers (SPE) Nigeria Annual International Conference and Exhibition held in Lagos recently, with the theme: Artificial Intelligence, Big Data and Mobile Technology: Changing the Future of the Energy Industry.

In his presentation titled, Transforming Big Data and Technology to Business Value: Challenges and Strategic Options during a panel session, Okon said leveraging cloud computing and big data, for instance, promotes accurate forecast of oil production for planning, which in turn drives operational excellence (production optimisation and asset performance).

Source Vanguard
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