Conference Focuses On Digital Tools, Accurate Metering For Hydrocarbon Sector Future

The Nigeria Hydrocarbon Measurement Conference (NiHMEC) 2025 is acceptable to underscore the captious relation of integer tools and close metering successful shaping the aboriginal of Nigeria’s hydrocarbon sector.
Scheduled to instrumentality spot from October 7th to 9th successful Lagos, the 5th variation of this landmark lawsuit volition stitchery cardinal stakeholders from Nigeria’s petroleum manufacture and the planetary hydrocarbon measurement assemblage to research however digitalisation tin heighten precision and accountability successful hydrocarbon accounting.

Centered connected the taxable “Beyond the Meter: Leveraging Digitalisation for Accurate Hydrocarbon Accounting,” the league aims to thrust advancements that volition enactment transparency, regulatory compliance, and businesslike assets absorption successful Nigeria’s evolving vigor landscape.

Speaking astatine the property briefing successful Abuja astatine the weekend, the president of the Conference, Osten Olorunsola, FEI, confirmed preparations for the lawsuit connected the themed:“Beyond the Meter: Leveraging Digitalisation for Accurate Hydrocarbon Accounting.”

He noted, this is the 5th league we are holding, and we are rather blessed astir that for us, it’s a large milestone, Olorunsola said.

When we started 5 years ago, we didn’t cognize precisely however the travel would unfold, but we are arrogant of however acold we’ve travel and adjacent much excited astir wherever we are today.”

He noted that Nigeria’s vigor assemblage is evolving rapidly, peculiarly with accrued enactment successful the state and downstream sectors, which makes discussions astir metering and measurement adjacent much urgent.

“There’s a batch happening successful the downstream abstraction close now. This gives america an accidental to statesman redefining wherever we privation to beryllium successful 20 oregon adjacent 30 years,” helium said.

“What gives america anticipation is however the conversations and engagements astatine erstwhile editions of this league person already helped signifier our industry.”

Olorunsola outlined 3 halfway reasons wherefore hydrocarbon measurement remains critical: helium explained that close metering is cardinal to commercialized transactions successful the lipid and state sector, peculiarly successful determining costs, taxes, and royalties.

“In our industry, we notation to the ‘cost of transfer,’ which involves ensuring precision successful fiscal measurement. It’s what you measurement that you tin negociate and regulate,” helium noted.

He besides emphasised the value of accumulation allocation, particularly erstwhile aggregate stakeholders are sharing a accumulation facility. “Without close measurement, just organisation is impossible,” helium said.

He stressing that accurate, real-time information supports accumulation monitoring, inventory management, and terminal operations.

“If you don’t cognize what’s coming in, you can’t accurately negociate what should spell out. That creates banal issues and inefficiencies.”

On Regulatory Compliance, Olorunsola stressed that due measurement is indispensable for gathering ineligible and regulatory requirements.

“This is not optional. Measurement is simply a regulatory work and a instauration for nationalist accountability.”

Olorunsola besides pointed to rising nationalist scrutiny astir Nigeria’s lipid and state revenue, driven by increasing national awareness.

“Many years ago, this wasn’t a large interest — we were conscionable astir 80 to 100 cardinal people. But today, we’re implicit 200 million, each sharing the aforesaid lipid and state resources. Citizens are present asking: ‘Is our lipid and state being decently measured?’ And they are close to ask.”

He described lipid and state revenues arsenic the nationalist currency register”, noting that close metering ensures the state knows precisely what it earns — and what it’s owed.

“The aboriginal is moving accelerated particularly into gas. Gas measurement is much analyzable than oil. You’re not lone measuring volume, but besides vigor content, quality, and different captious metrics,” helium explained.

Technology, helium said, is playing a increasing relation successful simplifying this complexity and improving accuracy successful some hardware and measurement practices.

“We look guardant to this 5th edition. It marks a translation successful however we spot metering and measurement — not conscionable for today, but for the adjacent 20 years.”

The Nigeria Hydrocarbon Measurement Conference 2025 (NiHMEC 5) volition service arsenic a captious level for manufacture leaders, regulators, and method experts to sermon advancements successful hydrocarbon measurement, information accuracy, integer tools, and fiscal accountability successful Nigeria’s evolving vigor landscape.