NNPC to go paperless soon –Baru

 

The Nigerian National Petroleum Corporation (NNPC) says it is poised to go paperless in its operations within the shortest possible time.
NNPC’s Group Managing Director, Dr. Maikanti Baru, disclosed this on Monday in Abuja, at the inauguration of the he Systems Applications and Products (SAP) Steering Committee (SC) and Group Process Council (GPC),
A paperless going concern represents a work environment wherein the use of paper is eliminated or greatly reduced. This is usually achievable through conversion of documents and other papers into digital form.
The committees would be responsible for a holistic implementation of SAP and emplace enterprise resource planning which would serve as enablers for the achievement of the corporation’s success.
The 12 Business Focus Areas (BUFA) are expected to: ensure the Security of the Industry assets, Developing New Business Models, Providing viable alternative funding to JV Cash Calls, Increasing the nation’s Production & Reserves base and Growing NPDC oil and gas production. Others are: Effecting Refinery Upgrade & Expansion, Embarking on Renewable Energy Drive & Frontier Exploration, Rehabilitating the nation’s Oil & Gas Infrastructure, Strengthening NNPC Ventures & Common Services, Enhancing Staff Professionalism & Accountability as well as their Welfare.
Dr. Baru stated that the platform had the potential to significantly influence the corporation’s ability to compete, operate effectively and create value.
“We have commissioned a new re-delivery project to address the existing SAP challenges we are facing, we are implementing new solutions to manage some of our existing processes not currently on SAP. It will also enable us obtain value from our investments in SAP and provide a working environment where our strategic focus areas are managed in an efficient and effective manner,” Dr. Baru stated.
The GMD declared that the Project Steering Committee would be responsible for the overall success of the project and would provide oversight on management of project issues and risks, approve strategic decisions on SAP, ensure such decisions align with the strategic objectives of NNPC, and most importantly, act as SAP ambassadors across the NNPC group to ensure business commitment and ownership of processes deployed on the platform.
He added that the Group Process Council was accountable for ensuring that processes are optimized and end-to-end assessment of processes are carried out before implementation on SAP.
He charged members of the two committees to firmly establish SAP as the single source of truth for the corporation’s business transactions, stressing that as leaders at various levels, they should take ownership of the process areas, and drive User Adoption of SAP Solutions in those process areas.
OPEC doubles down on draining oil inventories
Although the oil market has been improving, OPEC still has work to do to bring global oil inventories back to their five-year average—the metric that OPEC has vowed to achieve with the production cut deal, OPEC Secretary General Mohammad Barkindo said on Monday while on a visit to Azerbaijan.
“The worst is probably over for now. We are beginning to see light at the end of the tunnel but we still have some work to do because we still have inventories that are higher than the 5-year average,” Barkindo said at a press briefing in Azerbaijan’s capital of Baku, as carried by Reuters.
Barkindo’s words signal that OPEC is committed to totally erasing the glut, even if it has mostly achieved this part of its mission.
Last month, the Energy Minister of OPEC’s leading producer Saudi Arabia, Khalid al-Falih, said that “If we have to err on over-balancing the market a little bit, so be it.”
In an interview with Azeri television Real TV, Barkindo said on Monday that he hoped that stability would be restored to the global oil market this year.
“We are beginning to see that the stability is gradual but still returning to the market,” said OPEC’s secretary general.
Azerbaijan is part of the non-OPEC countries that have joined the cartel in the pact to support oil prices and draw down excess global oil stockpiles through voluntary production cuts or managed decline.
According to OPEC’s latest Monthly Oil Market Report from last week, preliminary data for January showed that total OECD commercial oil stocks rose by 13.7 million barrels from December, reversing the drop of the last five months. At 2.865 billion barrels, OECD stocks were 206 million barrels lower than in January 2017, but 50 million barrels above the latest five-year average, OPEC said.
Also last week, the International Energy Agency (IEA) reported the first increase in OECD commercial stocks since July, but the 18-million-barrel increase was only half the usual level, and the surplus to the five-year average dropped to 53 million barrels as of January 2018.
“In the meantime, market re-balancing is clearly moving ahead with key indicators – supply and demand becoming more closely aligned, OECD stocks falling close to average levels, the forward price curve in backwardation at prices that increasingly appear to be sustainable – pointing in that direction,” the IEA said.

Source: Oilprice.com

Leave a Reply