The Major Oil Marketers Association of Nigeria (MOMAN), has frowned over lack of data infrastructure in the downstream sector of the oil and gas industry.
MOMAN therefore challenged operators in the Nigerian downstream sector on the automation of their services for data generation, improve product delivery storage utilisation and profitability.
Mr Clement Isong, the Chief Executive Officer of MOMAN gave the advise while speaking during a virtual workshop on World International Data Day im Lagos.
Isong said that this became necessary for effective automation of the downstream sector of the Nigeria oil and gas.
He spoke on the importance of data and automation in the downstream business.
He noted that data on product (refined fuels & lubricants) demand can streamline operations, improve product delivery, storage utilisation, and your bottom line.
He added that automation guarantees track inventory levels, monitoring logistic routes, and analyzing customer demand (daily demand forecasts) in order to prevent stockout.
According to him, “By collecting and analyzing data on production, refining, distribution, and sales, companies can identify inefficiencies, reduce costs, eliminate leakages, and improve overall performance.
Isong said that automation will ensure transparency and boost excellent customer service, eliminate fraud and corruption and also clean up the reputation of the industry.
“Our position in MOMAN is that we arelooking for the automation of the entire supply chain.
“It will mean everybody needs to invest in order to optimise their businesses,” he said.
The MOMAN boss urged the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to invest in infrastructure for data gathering.
Isong said, “Our position in MOMAN is that we arelooking for the automation of the entire supply chain. It will mean everybody needs to invest in order to optimise their businesses.
“Eventually, the beneficiary is the customer. It is good for corporate governance.
“It removes people’s ability to steal.
“And the authority (NMDPRA) itself has got to invest in infrastructure for data gathering and has got to do a preliminary analysis of that data and has to put up that information on its website which investors, marketers operators, and everybody can access.
“On that basis, optimise the business and make investment decisions. It is fundamental to a deregulated system.
“It improves the quality of decision-making as well as transparency and eliminates bad behaviour as well as fraud and theft.
“You have to shine your light and darkness and bad practices will disappear. This is very important,” lsong added.
The Lead Political analyst, Ikponmwosa Aikhionbare said: “Ghana launched the Bulk Road Vehicle Tracking System (BRVTS) to track the movement of petroleum products from depots to retail outlets in Ghana.
” The system uses GPS technology to monitor the location, speed, and fuel consumption of trucks transporting petroleum products.
“In India, the government has implemented a system called the Automated System for Oil Movement and Storage (ASOMS), which tracks the movement of petroleum products through the supply chain.
“The system uses data analysis to monitor product quality and identify potential issues before they cause defects or safety hazards,” he said.