• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, June 8, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Metering, Measurement Conference Seeks Solutions To Nigeria’s Oil, Gas Production Losses

by Nse Anthony - Uko
11 months ago
in Business
metering
Share on WhatsAppShare on FacebookShare on XTelegram

The Nigeria Hydrocarbon Measurement Conference (NiHMEC) is set to bring together industry stakeholders to address the critical issue of hydrocarbon measurement and accounting in Nigeria’s oil and gas sector.

Advertisement

Accurate metering and measurement of oil and gas production have been identified as critical to maximising revenue generation in Nigeria’s oil and gas industry.

Recall that the chief executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe recently said approximately 40 per cent of crude oil losses in the country are due to measurement inaccuracies, not just theft.

Speaking on this year’s conference, scheduled to be held from October 8 to 10, 2024, with the theme, “Advancing Efficiency in Hydrocarbon Measurement and Accounting” NiHMEC chairman, Osten Olorunsola, said the conference will bring together some niche cream of the oil and gas industry spanning from people around policy, regulations, and more importantly, the operators to proffer solutions on how to reduce the 40 per cent losses attributed to inefficient measurement.

According to him, while it would be difficult if not impossible to reduce it to zero, reducing that to 30, to 20 per cent presents an opportunity to play there in terms of value addition to the country.
He noted that though there are quite a lot of conferences in the oil and gas industry, the issue of measurement as well as the accounting of it seems to be one area that almost does not bubble up to the surface in discussions, despite being very critical to the revenue generation drive of the federal government.

RELATED

Dangote Refinery’s Completion To Make Naira Stronger

US Provides Third Of Dangote’s Crude Requirement In 2025 Supplies

7 hours ago
Equities To Sustain Positive Sentiment Amidst Audited Earnings Expectations

Consumer Goods Sector Drives NGX Growth With 40.65% Increase

7 hours ago

Olorunsola also noted that internationally, the measurement of hydrocarbons, whether it’s oil or gas, has always been a niche area of the business, so not many people are involved in it.

According to him, measurement is critical to Nigeria, “Not just because you want to report, but actually really you want to be precise in terms of your revenue generation. And if there’s any big problem we have today in Nigeria, it is revenues.

“If somebody can just put $20 billion now in our foreign reserves, a lot of the issues the country is facing currently will just die down overnight. That’s really the problem. So we think as a body, bringing this niche area of our business into the fore, we certainly will be contributing quite a lot to Nigeria’s revenue generation,” he said.

Also speaking, managing partner at Fleissen & Company, organisers of NiHMEC Dr. Sunday Kanshio, said accurate measurement is the lifeblood of the oil and gas sector.”

“NiHMEC 2024 offers an unparalleled opportunity for industry leaders to advance best practices in hydrocarbon measurement, metering, and production accounting, ultimately reducing losses and maximising revenue for all stakeholders,” Kanshio said.

NiHMEC 2023 and previous editions have garnered substantial support from both government entities and industry giants, including NUPRC, NMDPRA, PTDF, NCDMB, NNPCL, First E&P, Seplat Energy, Aradel, Waltersmith, and Trexm. Building on this success, NiHMEC 2024 is set to welcome both new and returning partners to join this influential event.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

START EARNING US DOLLARS as a Nigerian ($35,000) monthly. Companies are sacking their workers due to AI (artificial intelligence), business owners are in panic mode. Only the smart will make it. Click here


Tags: NiHMEC
SendShareTweetShare
Previous Post

Backbone Plans $172bn Investment In Infrastructure, Energy, Real Estate, Mining

Next Post

Queues: Adverse Weather, Thunderstorms Delay Petrol Shipment – Marketers

Nse Anthony - Uko

Nse Anthony - Uko

You May Like

Dangote Refinery’s Completion To Make Naira Stronger
Business

US Provides Third Of Dangote’s Crude Requirement In 2025 Supplies

2025/06/08
Equities To Sustain Positive Sentiment Amidst Audited Earnings Expectations
Business

Consumer Goods Sector Drives NGX Growth With 40.65% Increase

2025/06/08
JUST IN: Nigerian Stocks End 8-Day Gains As Banks Slide
Business

‘Dangote Petrochemicals Listing To Boost Nigeria’s Stock Market’

2025/06/08
NLNG Ties 2023 Science Quiz Competition To Net Zero Emission
Business

NLNG Launches Human Capital Devt Programme Under Train 7 Project

2025/06/08
SEC Warns Nigerians Against Unregistered Investment Schemes
Business

New Meme Coin, PUNISHER COIN, Not Registered – SEC

2025/06/08
AMMC Begins Intensive Traffic Control On Airport Road
Business

Lagos, Abuja Top Nigeria’s 2025 Global Startup Index

2025/06/08
Leadership Conference advertisement

LATEST

Sanwo-Olu Urges Capacity Building For Robust Procurement System

MRA Faults NEITI’s Move To Amend FoI Act

Agbakoba, Adegboruwa, Others Pay Tribute To Justice Uwais

2027: Lagos Group Pushes For Tinubu, Ambode Mandate

Youth Group Condemns Afenifere Faction’s Call For Tinubu’s Impeachment

VC Harps On Strategic Research To Achieve SDGs

The Bold Victory Of The Justified Believer In Christ

Insecurity: Army Chief Boosts Morale Of Frontline Troops In Akwa Ibom

FCT, Neighbouring States To Experience Thunderstorms, Heavy Rainfalls

Romanian Cuisine: Fresh, Healthy, Full Of Flavour

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.