‘Data adoption will liberalise energy sector potential’

The adoaption of big data, artificial intelligence and mobile technology. will help to create an alternative reality that will guarantee the future of the energy industry., operators in the oil and gas sector have said.

Managing Director of Neconde Energy Limited, Frank Edozie, while speaking at the 2019 Conference and Exhibition of the Society of Petroleum Engineers (SPE) said energy industry operators, have failed to leverage the potential of data to reinforce the perception that Nigeria is a gas province with profitable huge opportunities for growth.

He said his company has been able to surmount its various challenges by adopting an innovative business approach, which has positioned the firm to deliver quality services.

The managing director said utilizing big available data would change the country’s energy landscape as it would make players in the sector realize the need to liberalize the price of gas, create more value chain opportunities and make fuel subsidy unnecessary.

On his part the Group Managing Director, the Nigeria National Petroleum Corporation, Mele Kyari, reinforced Edozie’s position, noting that technology plays an important role in driving the sector globally.Kyari pledged to address the myriad challenges facing Nigeria’s oil and gas industry to achieve all the aspirations of the government and players.