Current Realities in the Upstream Sector of the Nigerian Oil & Gas Industry
●
Current Realities in Nigeria; Operators Focus
Finance;
✓ Operators should focus on managing
their financial position; optimizing
capital (debt vs equity mix).
✓
Managing Tax and corporate structure.
Renegotiating fiscal policies for
optimal benefit where possible.
They could also divest asset to
generate cash flow.
• Project management.
NIGERIAN
Enhances resource allocation in real
time.
Talent Management
ASSOCIATION OF
PETROLEUM EXPLORATIONISTS
Collaboration.
Improve on integrated project delivery for
optimum breakeven cost.
Integration across the supply chain among
all project participants (owners, engineers,
contractors, subcontractors, major
suppliers).
Advanced analytics.
To identify early indicators of potential
issues that could affect project
performance.
Integrating external e.g. political unrest data
they can model scenarios in which projects
typically go off the rails and put mitigation
strategies into place in advance.
ONL
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