Crude Oil: Kachikwu Commends DPR On Digital Accounting
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has commended the Department of Petroleum Resources for the digital technological breakthrough in crude oil accounting through the deployment of the National Production Monitoring System platform.
Kachikwu, who was on a working visit to the DPR, lauded the foresight and leadership of the DPR Director, Mr. Mordecai Ladan, in setting up the NPMS platform to track crude oil production real-time, thereby dispelling allegations that Nigeria did not know how much crude oil being produced and exported.
According to a statement for the agency, the NPMS system is set up to achieve a robust data bank for timely information and easy retrieval; improved transparency in hydrocarbon accounting; improved revenue generation from hydrocarbon production and export; accurate hydrocarbon data (production and export) monitoring, and consistent high-quality data publication.
The minister stated that all major stakeholders in the country, including the Presidency and the National Assembly would have access to the platform real time to enable alignment of production figures by all stakeholders.
He commended the DPR for its efficiency and timeliness in the discharge of its regulatory functions, especially in the last three years.
The NPMS platform, according to the statement, is linked to the 26 export terminals nationwide and provides a field operators portal for submission of production figures by operators.
The DPR said, “The platform also provides an export facility portal, which enables the DPR staff embedded at the terminals in line with our regulatory oversight responsibility to submit terminal reports of crude stored in the facility and generate certificate of quantity for export clearance.
“The NPMS real-time technology further allows the DPR to carry out independent comparative analysis of submitted production figures without operators’ interference.”
Kachikwu also visited the National Data Repository Centre in the DPR and promised to provide all necessary assistance to the DPR for all its digital initiatives and regulatory programmes.
The NDR is a data base that seeks to preserve and promote Nigeria exploration and production of data, such as seismic well logs. It governs, controls and supports data trade/exchange, leasing/prying, research and dissemination of exploration and production information.