16 July 2017, Sweetcrude, Lagos — The Nigerian National Petroleum Corporation, NNPC, has said that it is developing a larger database to boost its earnings henceforth.
According to the company’s General Manager of the Development, Refineries and Petrochemical division at the Research and Development Division, R&D, NNPC, Abiola Falowo, the division was working on a “calibrated database” that would help boost government’s revenue.
She also said that the database would help check oil theft.
She explained that the project would make use of finger – printing technology.
She said the technology would collect oil data by taking samples of Nigerian crude from the nation’s oil wells to know its origin and document other features of the oil, after which the properties will be documented in the database.
The project is in three phases, according to her, saying that the project is still at the first stage.
“This is a good development for the Corporation. We are looking forward to it because it would make work easier for us. The database will increase government’s income which is very important to the country right now,” she said.
Falowo’s revelation comes on the heels that the Corporation lacks a standard database through which its operations can be accessed.
Despite that NNPC has also been accused of being secretive about its information, she did not state whether or not the Corporation would make the database public.