The Enterprise Managing Director, Huawei Technologies Company Nigeria Limited, Michael Zhuang, has made case for the country’s oil and gas industry to remain competitive despite challenges.
Even as Nigeria is a leading oil and gas producer in Africa, it is very important to factor in how the country can remain competitive despite challenges, Zhuang asserted at the Nigeria International Petroleum Summit in Abuja on Monday.
According to Zhuang, the oil and gas industry has experienced some major challenges such as the Coronavirus Disease and oil price crises, as well as the conversations about the long term of carbon neutrality and the rise of renewable energy.
He, however, advised that the industry should begin planning how to convert crisis situations to opportunities, to transform and maintain the lead for the next five to 10 years.
Meanwhile, Zhuang, stated that Huawei contributed significantly to Nigeria’s upstream, middlestream and downstream in the oil and gas industry.
“In the upstream, we have installed our Oilfield Monitoring Solution for Agip. With this Integrated Oilfield IoT solution by Huawei, it is now possible to visualise and monitor real time production and reduce the vandalism on well sites.
“In the middle stream, we have delivered AKK Pipeline Camp with Huawei IVS monitoring and campus network/office solution, to improve camp safety monitoring and office experience. In the downstream, we have also delivered our Monitoring Solution for the Nigerian National Petroleum Corporation retail to enable more safety and secure management at its headquarters and mega petrol stations,” he stated.
On Enterprise Informationisation, Zhuang added that Huawei delivered a Green Modular Data Centre Solution for Integrated Data Services Limited to reduce the data centre O&M cost and improve use efficiency.
Earlier, the Group Managing Director of NNPC, Mele Kyari, had noted that the industry was going through challenges ranging from energy transition to those induced by COVID-19.
According to Kyari, locally, the government is working to address the challenges facing the industry.
“We are also aware that cost is everything in the future. The crisis has thrown up the fact that only the best of producers will survive and therefore cost control becomes a major issue in the industry.
“Funding, also, is a major issue in the industry today for two reasons. One, there is paucity of resources across the globe and, second, there is overall reluctance by investing companies and banks to put money into fossil fuel-related businesses.
“But obviously, these are issues we have to live with. However, the businesses that will survive are the ones that try to transit into climate-friendly ventures,” he added.
