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    Home » NCDMB identifies opportunities emerging from AI in oil & gas

    NCDMB identifies opportunities emerging from AI in oil & gas

    April 27, 2023
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    *Growing importance of AI in oil & gas

    Oritsegbubemi Omatseyin

    Lagos — The Nigerian Content Development and Monitoring Board, NCDMB, is providing comfort to stakeholders in the oil and gas industry assuring them of many opportunities that will emerge with the adoption of artificial intelligence, AI.

    The Executive Secretary of NCDMB, Simbi Wabote, while speaking in a media parley convened ahead of the fourth edition of the Nigerian Oil and Gas Opportunity Fair (NOGOF) 2023 said the oil and gas industry would adopt and leverage associated opportunities should artificial intelligence (AI) disrupt the sector.

    Wabote stated that instead of fighting changes that may come with AI in the oil and gas sector, the industry operators especially in Nigeria, should prepare ahead and take advantage of technological disruption.

    “AI is an opportunity. As AI is coming, people are learning about the opportunities it will offer. When I visited Total in France, they showed me a picture of what the future of FPSO will look like. Today, you have about 150 people managing FPSO, but they showed me a future of FPSO where there will be nobody onboard and it will be operated from anywhere. That is the future but also an opportunity. There will be an industry that will build the technology that is associated with the FPSO. I am not afraid of AI,” Wabote said.

    According to him, the Board is already planning for future opportunities as AI emerges, adding that the country and practitioners must be ready for the changes that would come with the development.

    Wabote noted that the fourth edition of the Nigerian Oil and Gas Opportunity Fair, NOGOF 2023 would explore such emerging opportunities in the oil and gas industry, linkage sectors as well as the entire African continent.

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