Intelligent CIO Africa Issue 106 | Page 37

FEATURE: OIL AND GAS a facility where all the major processing units for the crude oil entering the refinery are contained within a single integrated complex).
However, despite the positive symbolism of this beacon within the Nigerian oil and gas realm, the sector is still navigating through the complex regulatory landscape and fiscal reforms introduced by the Petroleum Industry Act of 2021. The Act’ s intention is to restructure fiscal terms, institutional frameworks and regulatory policies, and thus attract investment and boost efficiency.
Prior to the implementation of this Act, Nigeria’ s oil and gas arena had seen years of under-investment

THE IMPLEMENTATION OF EFFECTIVE TECHNOLOGY

INFRASTRUCTURE IN THE OIL AND GAS FIELD

CAN HELP SUPPORT STRATEGIC BUSINESS AND

NATIONAL OBJECTIVES.

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