Would you like to receive notifications on latest updates of the following headlines?

NMGS advocates for AI, 3D technologies in transforming Nigeria's oil reservoir management

POSTED ON February 21, 2025 •   Business      BY Abiodun Saheed Omodara
Artificial Intelligence (AI)

ABUJA, Nigeria (NAN) - The Nigerian Mining and Geosciences Society (NMGS) has urged the incorporation of Artificial Intelligence (AI) and 3D technologies in oil reservoir management. 

This appeal was articulated in a communiqué released during the 60th Annual International Conference and Exhibition (AICE), which focused on the transformation of the mineral, energy, water, and construction sectors through innovative approaches.

The communiqué, endorsed by NMGS President, Prof. Akinade Olatunji, was made public on Friday in Abuja.

NMGS highlighted the necessity for innovative solutions for reservoir monitoring, including machine learning and improved oil recovery techniques grounded in geological insights.

The society stated, “Local innovative approaches such as imaging, high-resolution 3D, and time-lapse 4D for reservoir monitoring, as well as machine learning and enhanced oil recovery strategies utilizing geological knowledge, ought to be embraced.”

It criticized the underutilization of domestic technical innovations, despite them meeting global standards, which has led to an ongoing reliance on foreign expertise. This dependency, it was noted, has impeded the success of local firms and their capacity to compete on a global scale.

NMGS pinpointed insufficient geological data as a significant obstacle in managing Nigeria's mineral resources, calling for a collaborative effort among government, academia, and industry to compile geological data into a single, consistently updated repository.

It also highlighted the absence of cooperation among key stakeholders, resulting in a technical knowledge gap, and urged increased partnerships between local and international development organizations.

Furthermore, the society recommended establishing engineering geological laboratories to mitigate the shortage of geoscientific applications in the construction industry, which has contributed to structural failures and loss of lives.

NMGS also brought attention to the insufficient infrastructure and high operating costs in the minerals sector, which have led to expensive energy alternatives and diminished profit margins. To address this, it advocated for improvements in power supply and enhancing local value addition to minerals through infrastructural advancements.

Additionally, the society stressed the need for sustainable policies in the mining sector, noting that inconsistent policies and abandoned programs have created uncertainty, undermined investor confidence, and stalled growth. It called for ongoing policy implementation to foster effective mining practices.

In response to the insecurity impacting the mineral sector, NMGS underscored the urgency of addressing socio-economic conflicts that drive illegal mining, banditry, and other security issues in mining areas. It pointed out that insecurity has caused interruptions in mining operations, loss of investors, revenue decline, and casualties.

Recketparrot News report that the conference, which took place from February 16 to 21, included sub-themes such as resource management and value addition in the minerals and mining industry, as well as maximizing the advantages of Nigeria’s water resources.

Other sub-themes covered managing emerging realities in the Nigerian oil and gas industry, optimizing geoscience applications in construction, and realigning geoscience and mining education with global trends.

Rocketparrot News  also learnt that over 1,000 participants attended, including students who competed in an Inter-varsity Geoscience Challenge Bowl, with the University of Jos clinching the top prize of N1 million.

READ ALSO
Nigeria's Debt Soars: To exceed N155 Trillion by 2025 amidst economic strain
BY Abiodun Saheed Omodara March 21, 2025 0

The United Nations Conference on Trade and Development (UNCTAD) has indicated that many countries, p...

READ ALSO
Petrol prices at risk of increase as Dangote refinery suspends Naira sales
BY Abiodun Saheed Omodara March 20, 2025 0

ABUJA, NIgeria - The cost of Premium Motor Spirit (PMS), commonly referred to as petrol, may increas...

READ ALSO
Afreximbank urges fiscal discipline as Africa's bebt hits $1.2trillion
BY Abiodun Saheed Omodara March 17, 2025 0

With Africa's total debt reaching $1.2 trillion, Afreximbank has emphasized the necessity for govern...

READ ALSO
Nigeria's response to WTO obligations, AfCFTA opportunities for foreign investment
BY Abiodun Saheed Omodara March 16, 2025 0

In light of Nigeria's previous commitment to the World Trade Organisation (WTO) global trade agreeme...

READ ALSO
Tinubu highlights need for economic reform to protect future generations
BY Abiodun Saheed Omodara March 14, 2025 0

ABUJA, Nigeria - President Bola Tinubu emphasizes that the purpose of his administration's economic...

READ ALSO
PDP slams Niger governor for regret amid economic decline
BY Abiodun Saheed Omodara March 13, 2025 0

MINNA , Nigeria - The opposition Peoples Democratic Party (PDP) has ridiculed Governor Moh...

READ ALSO
Nigeria unveils comprehensive economic strategy to drive sustainable development
BY Abiodun Saheed Omodara March 11, 2025 0

ABUJA, Nigeria - The Federal Government, represented by the Minister of Finance and Coordinating Min...

READ ALSO
Tax reform bills sparks controversy among stakeholder
BY Abiodun Saheed Omodara March 11, 2025 0

The recently concluded public hearing on the proposed tax reform bills has sparked debates among sta...

OUR CHANNELS:

Senate set to prioritize Tinubu’s Tax Reform Bills after recess
BY Abiodun Saheed Omodara March 30, 2025 0

The Senate is poised to prioritize the evaluation and approval of President Bola Tinubu’s tax...


NARD advocates for enhanced Medical facilities to retain Doctors amidst migration crisis
BY Abiodun Saheed Omodara March 30, 2025 0

The Nigerian Association of Resident Doctors has announced that its membership has reached 11,899.&n...


FRSC calls for Safe driving practices amid Eid-el-Fitr festivities
BY Abiodun Saheed Omodara March 30, 2025 0

OGUN, Nigeria - The Federal Road Safety Corps (FRSC) in Ogun State has issued a warning to motorists...


Proposed Age Limit Sparks Outcry Among Political Parties
BY Suleiman Jimoh April 1, 2025 0

In a move that has ignited widespread criticism and debate, Nigeria's House of Representatives recen...


Kano's 15th Emir cancels Eid Durbar following security discussions
BY Abiodun Saheed Omodara March 31, 2025 0

KANO, Nigeria - Amid increasing tensions surrounding the Kano Emirate, the 15th Emir of Kano, Aminu...


Wamakko facilitates release of 60 inmates in Sokoto, Promotes non-custodial sentencing
BY Abiodun Saheed Omodara March 31, 2025 0

SOKOTO, Nigeria -  The representative of Sokoto-North senatorial district, Aliyu Wamakko, has a...


Nigeria set to lead in smart mobility with AI speed train initiative
BY Abiodun Saheed Omodara March 31, 2025 0

The Ogun-Guangdong Free Trade Zone (OGFTZ) and China’s Zhongguancun Infogu Asset Management Co...


Sabalenka, Paolini set for Miami semifinal after quarterfinal victories
BY Abiodun Saheed Omodara March 31, 2025 0

World number one Aryna Sabalenka staged a comeback in the second set to secure her place in the semi...


Son Heung-min blames poor pitch conditions for South Korea's World Cup qualifying struggles
BY Abiodun Saheed Omodara March 30, 2025 0

Son Heung-min criticized the poor condition of South Korea's pitches for their struggles in the 2026...


Nigeria gains unexpected edge in 2026 World Cup quest qmid South Africa's player eligibility controversy
BY Abiodun Saheed Omodara March 31, 2025 0

Nigeria's emerging quest for a spot in the 2026 World Cup received an unforeseen advantage over the...


More Articles

Load more...

Menu