I am very excited to announce that I will be speaking in the Society of Petroleum Engineers’ international conference scheduled Aug 7th in Eko Hotels Lagos. Many multinationals and over 1500 delegates will be attending.The mechanics of oil exploration and distribution has always been about data. In our age, the nexus has changed dramatically because it is not just about the availability of data but the capacity to refine data that matters. How can data improve fuel distribution in Nigeria, removing many elements of information asymmetry we continue to experience?
Yes, you are tracking the truck from Lagos depot to Bauchi when the liquid content has been diverted to Togo. You will get your empty truck to Bauchi and blindly tell Bauchi citizens that a truck has offloaded fuel for them! Sensors/data offer a promise to change all those in Nigeria.
Along with MD of Chevron Nigeria, leaders from Schlumberger, General Electric, etc, we will have deep conversations on how data will improve the utilization of the factors of production for the good of Nigeria in the energy sector. The banks have given us fintech; can the oil sector give us PetroTech with elements for startups to use to improve the sector, removing complexity and advance our nation. That possibility can happen even for the downstream sector, and Eket or Warri will become the PetroTech Valley.
Personally, I have Zenvus and will add a sensor to track fuel volume in trucks, push the numbers through GSM or satellite to cloud, every 10 mins, until it gets to destination. Fuel diversion solved! I am so excited about the promise of digitization and data transformation of the nation’s energy sector.
Lagos, here I come.