Buhari inaugurate National Oil and Gas Excellence Centre (Photos)

President Muhammadu Buhari on Thursday, virtually inaugurated the National Oil and Gas Excellence Centre (NOGEC) at the Department of Petroleum Resources headquarters, Lagos; an integrated resource complex to drive safety, value and cost efficiency in the industry.

Presidency on its Twitter handle said the new Integrated National Oil and Gas Excellence Centre (NOGEC) encompasses five units, as follows:

—Search, Rescue and Surveillance, Command and Control Centre (SERAS)

—National Improved Oil Recovery Centre

—Oil and Gas Alternative Dispute Resolution Centre.

—Oil and Gas Competence Development Centre

—Integrated Data Mining and Analytics Centre

“The creation of the National Oil and Gas Excellence Centre at this time is further demonstration that the Nigeria Oil and Gas Industry has come of age, even against the odds.”

“The Centre will serve as oil & gas industry cost-reduction centre and hub for industry best practices, technical support and competence.”

“It will also act as the oil and gas techno-economic bureau to support the Government and its entities in policy development and implementation efforts.”

“SERAS will drive cost reduction & improve operational efficiency… Conservatively, it is projected that upon full implementation of SERAS the annual industry expenditure for offshore & remote locations, flight logistics & emergency response will reduce by 50%.”