A new data system that has been implemented in the country’s upstream oil and gas sector has saved US$84 million in contract service costs from this year's maintenance budget, the upstream regulator has said.
The Integrated Operation Center (IOC) is a collection of software applications that work together to gather and integrate data in managing oil and gas operations.
The system comprises eight applications and subsystems: the Integrated Operation System for Production Dashboard, the Oil and Gas Lifting Dashboard, the Stock Management Dashboard, the Plant Information Management System, the Facility Maintenance and Project Monitoring system, the Vessel Tracking Information System, the Real-Time Drilling Operation and the Emergency Response Center.
The government said oil and gas contractors in the country had adopted the IOC this year to o...
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