Siemens CEO says Nigeria’s oil, gas facilities need digital revolution

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The Chief Executive Officer, Siemens Limited Nigeria, Onyeche Tifase, has said Nigeria can become a global energy powerhouse by embracing a digital revolution in its oil and gas facilities, The Punch reports.

According to her, digitalisation in the energy sector involves a better use of data to manage and control multiple operations, and it drives efficiency in energy management and automation systems. Tifase said, “Digital development is not confined to new oil and gas facilities. Existing oil and gas infrastructure, from pipeline to refinery, can easily be upgraded to digital automation. This means that Nigeria’s ageing oil refineries in Port Harcourt, Warri and Kaduna can be optimised with digitalisation.”

Tifase described technology as a significant part of the solution to vandalism of oil and gas infrastructure and pipeline insecurity in the country “as it enables real-time monitoring of infrastructure and quicker incident responses.” According to her, effective integration of digital technologies can reduce capital expenditure in the oil and gas sector by up to 20 per cent; cut upstream operating costs by up to five per cent and downstream costs by up to 2.5 per cent.

She said with potential $300bn added to the African economy by 2026 through the adoption of digitalisation, Nigeria would receive a significant portion of that figure to advance its burgeoning oil and gas market. According to the Siemens Nigeria’s CEO, to make this a reality, the Federal Government should include a robust digitalisation policy and supporting legislation in connection to its Economic and Recovery Growth Plan 2017-2020.