09 May 2018

Kachikwu Commends DPR for Digitalising Crude Oil Accounting

The Minister of State Petroleum Resources, Dr. Ibe Kachikwu, has commended the Department of Petroleum Resources (DPR) for 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 regulatory agency, the minister lauded the foresight and leadership of DPR Director, Mr. Mordeccai Ladan in setting up the NPMS platform to track crude oil production real-time, thereby dispelling the allegations that Nigeria does not know how much crude oil it produces and export.

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, aaccurate hydrocarbon data monitoring and consistent high-quality data publication.
The minister noted that 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.

Clued from : https://www.thisdaylive.com/