The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said the implementation of the Advance Cargo Declaration Solution and the Engineering Audit of Upstream Measurement Equipment and Facilities will enhance transparency and accountability in the oil and gas sector.

The initiatives, which will track the movement of crude being exported out of the country, are being executed in collaboration with P-Lyne Energy and PE Energy Limited.

In a statement , the NUPRC said the Advance Cargo Declaration Solution, to be carried out by P-Lyne Energy, will track crude oil transportation and exports from Nigeria, while the Engineering Audit of Upstream Measurement Equipment and Facilities, done by PE Energy Limited, will establish reliable baseline data for all measurement points.

The Energy Audit will also identify gaps in production and allocation measurement, and implement targeted interventions to enhance metering infrastructure.

“These challenges have been identified as significant contributors to oil losses, with inaccurate measurement accounting for a substantial portion of crude oil losses in Nigeria,” the statement added.

According to the Chief Executive of the NUPRC, Gbenga Komolafe, the initiatives align with NUPRC’s mandate to ensure optimal government revenues from upstream petroleum operations, as specified in the Petroleum Industry Act 2021.