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Firm embraces digital transformation of oil sector

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Firm embraces digital transformation of oil sector

Nigeria’s oil and gas sector is embracing digitalization to address operational challenges, improve decision-making processes, and ensure sustainable growth in the long term, following the rapid advancements in technology,

As a firm, SNL Technology Services partners enterprise software solutions’ IFS to optimise operational efficiency, streamline production processes, and enhance productivity within the sector.

Ladi Soyombo, the Chief Executive Officer of SNL Technology Services, on Friday in Abuja said the goal was to develop customized solutions tailored specifically to the unique needs of the Nigerian oil and gas sector.

“By harnessing the power of technology, we aim to unlock new opportunities, improve operational efficiency, and drive sustainable growth within the industry. By integrating advanced technologies, the partners aim to create a more interconnected, intelligent, and efficient industry ecosystem,” he said.

In his statement, these innovative solutions will empower companies to optimise their operations, enhance asset management, minimize downtime and deferments, and ultimately improve overall operational efficiency, adding that the collaboration is happening at a crucial time when the Nigerian government is actively promoting digitalisation across various sectors.

He noted that: “The integration of operational data management and machine learning technologies will empower oil and gas companies to make data-driven decisions, optimize production processes, and predict and prevent equipment failures. Furthermore, it will enable real-time asset monitoring, remote inspections, and predictive maintenance, resulting in reduced downtime and increased safety levels.”

Soyombo disclosed that by harnessing the power of advanced technologies, Nigeria’s oil and gas industry is set to achieve higher levels of efficiency, improved productivity, and sustainable growth, contributing to the overall development of the nation.

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