Oil majors in Nigeria have said the country can achieve its goal of cutting down the cost of producing a barrel of oil from its fields to $10 if the industry embraces sound data management practice.
In his remarks, the Managing Director of IDSL, Mr. Ferdinand Bariwei, stated that industry stakeholders would have to get involved in embracing comprehensive data management as a way to accelerate growth in the industry. This, he added would also enable them leverage advanced technologies for insights on how to achieve more with less resources.
He said the advent of COVID-19 has forced several oil companies to post losses, thus necessitating the need to do things differently going forward.
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