Integrated software solutions provider SAP Nigeria will offer software solutions to the petroleum industry in the west of Africa, to ease operations in the area.
Nigeria’s petroleum industry is currently undergoing major reforms that will change its business models as production agreements migrate from government oversight to semi-autonomous commercial operations, according to Nigeria’s newspaper Daily Champion.
As a result, SAP Nigeria has agreed to provide software solutions to industry players, which would mean greater transparency and better manageability and quality control of all processes within the petroleum industry.
According to Nobel E. Ekajeh, SAP Regional Manager, West Africa, the company has a an extensive work in the petroleum industry worldwide and would serve the West Africa region with software solutions to production sharing accounting, revenue sharing accounting, transportation and products distribution and retail operations.
SAP’s solutions will cover all aspects of business in the sector, including exploration and production, refining and retail operations of crude oil, oil products, natural gas, liquefied petroleum gas (LPG) and liquefied natural gas (LNG), he said.
SAP’s regional manager said that the new software would resolve any controversies over crude oil and products accounting figures, as well as taxing issues, which have been a continuous dispute between private players and government.
Recently, Nigerian Extractive Industry Transparency Initiative (NEITI) had declared that industry regulator, Department of Petroleum Resources (DPR) had no capacity to fully determine government’s revenue accruals from the petroleum industry operations.
industry reforms are expected to allow full disclosure of revenue and export figures and enforce better accountability.