By Dave Oso
ABUJA—The Minister of State, Petroleum Resources, Dr. Ibe Kachikwu, has lauded the Department of Petroleum Resources, DPR, for its strides towards achieving digital technological breakthrough in crude oil accounting through the deployment of the National Production Monitoring System (NPMS) platform.
Speaking during a working visit to the agency, the minister praised the Director of DPR, Mr. Mordeccai Ladan for his foresight in setting up the NPMS platform to track crude oil production real-time, thereby dispelling allegations that ”Nigeria does not know how much crude oil it produces and exports.”
NPMS system is set up to achieve a robust data bank for timely information and easy retrieval, improved transparency in hydrocarbon accounting, improved revenue generated from hydrocarbon production and export, accurate hydrocarbon data monitoring and consistent high-quality data publication.
The minister said: ‘’All major stakeholders, including the presidency and the National Assembly would have access to the platform real time to enable alignment of production figures by all stakeholders.”
“The NPMS is linked to the 26 export terminals nationwide and the platform provides a field operators portal for submission of production figures by operators. The platform also provides an export facility portal which enables DPR staff embedded at the terminals in line with the agency’s regulatory oversight responsibility to submit terminal reports of crude stored in the facility and generate certificate of quantity for export clearance.”
The post Kachikwu lauds DPR over digitalisation of crude account appeared first on Vanguard News.