Nigeria: President Buhari to Launch National Oil and Gas Excellence Center

Nigerian President Muhammadu Buhari is set to virtually inaugurate the National Oil and Gas Excellence Center (NOGEC) in Lagos on January 21, according to the Department of Petroleum Resources (DPR). The Center serves to enhance the performance of the Nigerian oil and gas industry by making gains in safety, value and cost efficiency.    

“The integrated center will also entrench Nigeria’s status as a regional leader and position the nation for significant global impact in the provision of value-added services and breakthrough solutions for the industry in years and decades to come,” said Sarki Auwalu, Director of the DPR.

In addition to partnering with operators and technology innovators in research and development efforts,the Center will collaborate with international oil and gas regulators to exchange knowledge and operational best practices.

According to Auwalu, the NOGEC is designed to also comprise flagship centers including the Search, Rescue and Surveillance Command and Control Center, National Improved Oil Recovery Center (NIORC), Oil and Gas Dispute Resolution Center (DRC), Oil and Gas Competence Development Center and Integrated Data Mining and Analytics Center.

The various centers serve to fulfill a range of strategic objectives, from establishing industry-wide safety practices to generating strategies for improved oil recovery (IOR) methods.

“The NIORC will focus on the implementation of a robust national IOR framework to enable the country optimize its resources, as well as create greater opportunities for operators,” said Auwalu.

Meanwhile, the Oil and Gas DRC will provide arbitration, mediation and conciliation services to the local petroleum sector in a bid to boost its competitiveness on the global stage.

“The DRC is structured to adequately resolve disputes in a manner consistent with regulatory and commercial interests of the industry,” said Auwalu. “This will address sub-optimal development of oil and gas assets associated with lingering disputes and the attendant consequences of value erosion in terms of national resource growth. It will also improve global competitiveness, investment attractiveness, government take and investor’s profitability.”

Share:

Share on facebook
Share on twitter
Share on linkedin

Latest Posts

Subscribe For Updates

Sign up for latest news and event info

Copyright © 2021 Africa Oil & Power. Privacy Policy · Terms of Use