‘How technology boosts oil and gas business’

Local oil and gas traders and operators have been advised to leverage technology if they truly desire to join the global oil and gas community.

This position was canvassed by Mr Osagie Ediale, the Chief Executive of Flagship Energy Limited in a statement released in Abuja on Monday. 

Ediale said the deployment of technological initiatives for procurements in the oil and gas sector would certainly boost operations.

Its adoption, he added, would also make operations in the sector seamless as all the perceived or imagined bottlenecks would become things of the past.

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The Flagship Energy Limited boss said in the statement, that technology is fast dominating every operation and all human activities, so introducing it to the oil and gas sector especially in both the upstream and downstream areas should be encouraged.

“Elsewhere in the global community, technology has been adopted in virtually everything and so we should leverage on this locally by making it a way of life,” Ediale said. 

But he said “there are inherent risks in production and sales of the crude such as supply side disruptions and price violations that pop up through geographical factors that could negatively affect government revenue and national budget”.