Nigeria’s oil and gas industry is said to have lost its innovative edge in recent years given the prevalence of old-fashioned thought and work processes.
The Director, NOCs/Nigerian Independents, Schlumberger, Nosa Omorodion, said this at the Annual Alumni Convention/Convocation Lecture of the Federal University of Technology, Akure (FUTA).
While delivering a lecture on, Global Energy Transition: What it Means for Nigeria, he said: “We in some ways became victims of our own success during the ‘boom years’ when there was no compelling need to change the status quo. Unlike other industries (for instance telecommunications) that witnessed disruptive technologies almost every 18 months, we have built rigid platforms on decade-old processes and systems.”
He added, “The unprecedented structural changes we are witnessing today provide an opportunity for radical change.”He expressed the belief that the university community would lead the charge to recapture this innovative edge, adding that Petrel, which is a software now considered the industry gold standard for seismic data interpretation, was developed by a group of academics in Norway ITechnoguide) before being acquired by Schlumberger. Read more