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NNPC begins development of new technology to curb oil theft

NNPC begins development of new technology to curb oil theft

- NNPC senior official Abiola Falowo disclosed that her division is in the process of developing a 'calibrated database' to detect the nation’s stolen oil

- Team members in the division have already begun working on the first stage of the project, which would eventually be accomplished in three stages

- According to Falowo, the new technology will help curb incidences of oil theft, and also boost the government’s oil revenue

The Nigerian National Petroleum Corporation (NNPC) has disclosed that plans are being made for the development of a technology to curb oil theft, Premium Times reports.

The disclosure was made on Thursday July 13 in Port Harcourt, by Abiola Falowo, the general manager of the development, refineries and petrochemical division at the NNPC’s Research and Development Division.

According to Mrs. Falowo, a 'calibrated database' which would detect the nation’s stolen oil wherever in the world it was shipped off for sale, is being developed by her division.

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NAIJ.com notes that Falowo revealed that this would be achieved by collecting Nigerian crude oil samples from oil wells, to determine its exact place of origin and other attributes which would then be entered into the database.

The project would reportedly make use of finger-printing technology.

Falowo revealed that team members had already begun working on the first stage of the project, which would eventually be accomplished in three stages.

Nigeria was listed as the country with the highest incidents of crude oil theft in the world in 2014; with the nation plagued in recent years by oil theft and pipeline vandalism.

Falowo stated: “The new technology will help curb incidences of oil theft, as it would also boost the government’s oil revenue.

“The project will help arrest oil theft and earn money for the government.”

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Meanwhile, NAIJ.com previously reported that the chairman of Capital Oil Ifeanyi Ubah has accused the Nigerian National Petroleum Corporation (NNPC) of owing his company N16 billion.

Ubah, while explaining the role of his company in an alleged disappearance of 82 million metric litres of Petrol belonging to NNPC at the House of Reps., said the corporation owed Capital Oil N16 billion.

The public hearing was organized by the committee on petroleum downstream of the House of Representatives.

Watch this NAIJ.com TV video of former NNPC MD Andrew Yakubu in court for alleged fraud

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