Financial Energy Review
Huawei has launched its Digital Oilfield IOT Solution at the ongoing Nigeria International Petroleum Summit in Abuja (NIPS20200. According to Huawei as Nigeria is one of the leading and oldest oil producers in Africa NIPS2020 therefore presents the opportunity to showcase Digital Oilfield IOT Solutions to the stakeholders in the oil industry.
The company said that Digital Oilfield IOT Solution has been proven to help oil and gas companies to achieve 2percent to 7 percent more yields; 5 percent to 9 percent higher recovery rate; and 5 percent to 20 percent less costs; which is also expected to bring growth to Nigeria oil and gas industry.
Digital
Oilfield IOT Solution according to Huawei is based on the 4G eLTE technology
which will help the oilfield to realize the full wireless network coverage and
connection of things and people. This will enable Oil and Gas companies monitor
the running efficiency of production facilities in real-time, optimize
production management approaches and organizational structure, increase work
efficiency, reduce labor costs, and possess strong data support for more effective
decision-making.
Speaking about the launch, Huawei Nigeria Enterprise Managing Director (Abuja office),
Tank Li, said that the IoT is an essential element of digital oilfields. “Huawei
IOT solution can support Nigeria oil and gas companies to achieve visualized
production, Efficient Collaboration and HSE Management. All these will also
help accelerate the move towards an all-digital oilfield and contribute to the
digital transformation of oil and gas industries” he said
