Lagos — Huawei has said digital oilfield IOT solution will help oil and gas companies realise the full wireless network coverage and connection of things and people.
The assertion was made by Huawei Nigeria Enterprise Managing Director, Tank Li in a statement over the weekend.
According to him, the digital solution to be launched at Nigerian Petroleum Summit, NIPS2020 in Abuja next week, is based on the 4G eLTE technology which will enable oil and gas companies monitor the running efficiency of production facilities in real time, optimise production management approaches and organisational structure, increase work efficiency, reduce labor costs, and possess strong data support for more effective decision-making.
He stated that the IoT which is an essential element of digital oilfields, can support Nigeria oil and gas companies to achieve visualised production, efficient collaboration and HSE Managemen- all these he said will also help accelerate the move towards an all-digital oilfield and contribute to the digital transformation of oil and gas industries.
He added that the Digital Oilfield IOT Solution has been proven to help oil and gas companies to achieve 2% to 7% more yields, 5% to 9% higher recovery rate, and 5% to 20% less costs, which is also expected to bring growth to Nigeria oil and gas industry.
The NIPS2020 event will hold for three days 10th – 12th, February, 2020.
Huawei has proposed “Leading New ICT, Enabling Digital Oil &Gas” as its keynote theme and will cooperate with industry partners to launch ICT solutions covering the upstream, midstream, and downstream sectors to combine digital production with safety control and improve productivity.
These innovative ICT solutions include oil and gas IoT, E&P Data Management, Cloud and operations management and other leading technologies.
To date, Huawei’s oil and gas solutions have been applied in 45 countries and regions around the world, serving 70 percent of the global top 20 oil and gas companies.