{"id":163096,"date":"2022-03-17T06:20:59","date_gmt":"2022-03-17T05:20:59","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=163096"},"modified":"2022-03-17T06:20:59","modified_gmt":"2022-03-17T05:20:59","slug":"nuprc-well-deploy-electronic-system-to-curb-oil-theft","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2022\/03\/17\/nuprc-well-deploy-electronic-system-to-curb-oil-theft\/","title":{"rendered":"NUPRC: We\u2019ll deploy electronic system to curb oil theft"},"content":{"rendered":"<p>The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed that it is upgrading and deploying the National Production Monitoting System (NPMS) facility toward curbing crude coil theft.<\/p>\n<p>This was made known by\u00a0<span data-preserver-spaces=\"true\">Gbenga Komolafe, chief executive officer (CEO) of NUPRC at a gathering in Abuja while speaking on efforts by the commission to address the menace of crude oil theft.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Paul Osu, NUPRC\u2019s spokesperson, quoted the CEO as saying in a statement on Wednesday.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">According to the statement, Komolafe said the deployment of <a href=\"https:\/\/www.withinnigeria.com\/news\/2021\/04\/17\/dpr-to-neiti-we-have-accurate-record-of-crude-production\/\">NPMS<\/a> was being carried out in collaboration with other relevant agencies.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">NPMS is an electronic system used in monitoring oil and gas production in Nigeria.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Komolafe restated that the system will ensure accurate and reliable reporting of crude oil production, noting that the National Data Repository (NDR) within the NUPRC serves as the data warehouse for Nigeria\u2019s oil and gas industry.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cThe value of information (VOI) is for purpose of oil and gas investment decision,\u201d he said.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cFor example, NDR facilitates data for bid rounds in line with the statutory mandates of the NUPRC under the PIA to prospective investors, thus enabling informed investment decision and shortening upstream business lifecycles.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">According to him, NUPRC had considered technological advancements in its work processes.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">He said the technological adaptation unit (TAU) within the engineering and standards department engages service providers on new technologies that could be implemented in the petroleum industry.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">He added that the commission had also established more data-related initiatives in the NDR, such as National Improved Oil Recovery Centre (NIORC).<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cThis focuses on utilising big data to drive a reduction in cost per barrel,\u201d he said.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cAlso, the Integrated Data Mining and Analytics Centre (IDMAC) was set up to assess and analyse data for informed business decisions.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed that it is upgrading and deploying the National Production Monitoting System (NPMS) facility toward curbing crude coil theft. This was made known by\u00a0Gbenga Komolafe, chief executive officer (CEO) of NUPRC at a gathering in Abuja while speaking on efforts by the commission to address the menace [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":163097,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[2],"tags":[32746,32745,24233,1193],"class_list":["post-163096","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-national-data-repository","tag-national-production-monitoting-system-npms","tag-nigerian-upstream-petroleum-regulatory-commission","tag-nnpc"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - 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