Managing Director, Shell Petroleum Development Company (SPDC) of Nigeria, Mr Osagie Okunbor, has emphasized the need for the nation’s oil and gas sector to focus on human capital development and embrace digital transformation to heighten production and minimise intruders’ interference.
Okunbor spoke in Abuja, at the “Society of Petroleum Engineers, Oloibiri Lecture Series and Energy Forum” organised by the Society of Petroleum Engineers (SPE).
He said:“For us to achieve portfolio optimisation, some strategic imperative needs to begin to get into the mix because we need to look at our environmental factors and energy kind. The high margin of our operations will have to be replaced by low cost observations. We will then have to look at our physical considerations. The physical considerations are something that is at the deep of being actualized through the PIB and having a favourable PIB is also foundational and key to achieving professional excellence.
“If you look at professional excellence in action, I will like to reference the business transformation and operational excellence world summit that carried out research across 86 industry sessions all over the world. It might be interesting to see that on the top eight leading companies in operational excellence across the world, not even one of them is in the oil and gas sector. This calls for every one of us to pause and begin to reflect; if you are not in the top eight, are you in the game at all? We are not”
He called for a multilateral approach towards efficient oil and gas sector in Nigeria,adding that there was a need for partnership between the government, industry and academia for an efficient oil sector.
Okunbor said that the industry players must have organisational cultural shift from what used to be obtained, so as to make the oil sector one of the top business sectors in the world.
He added: “We are used to doing some things in the past thinking that what brought us to point A is capable of bringing us to point B.The world has taught us a lesson, either from COVID, from the low oil price, and from all the responses that the world economy has put in place, that indeed what we did is insufficient.
