US investment in digital transformation of Nigeria’s oil and gas industry

As in many industries, there is a growing trend towards the increased use of digital technology in the oil and gas industry. Whether it is the recent announcement by BP that they are investing $20m into research in to Artificial Intelligence in an attempt to transform oil and gas exploration, or Statoil’s development of a new digital centre of excellence, it’s clear that the industry is taking this very seriously indeed. Changing times It’s a welcome development then - and a sign that our own Nigerian oil and gas industry is beginning to look at the broader trends in the global economy and adapt accordingly - that technology firms in the US are showing an interest in investing in our industry. A recent announcement by The Foreign Commercial Service of the United States Diplomatic Mission to Nigeria, working alongside US tech giants Hewlett Packard Enterprise (HPE) Nigeria and its domestic partner in Nigeria, Manifold Computers, unveiled plans to introduce innovative new technology into...
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Making good HSE part of our culture, not just another policy

All good companies - and particular those in the oil and gas industry - have a commitment and responsibility to health, safety and the environment. Most have specific policies relating to these areas that act as the framework on which they operate successfully. But what do these commitments and policies on health, safety and the environment mean for us at Midwestern? An important responsibility “As a business working in a potentially dangerous industry with oil and gas operations handling hazardous materials every day, there is a huge responsibility on everyone at Midwestern to make sure that HSE is at the forefront of all our minds,” says our Chairman, Mr Onajite Okoloko. “For me, keeping our people safe and getting them home at the end of the day to their families is the most fundamentally important part of the work we do. We have the relevant rules and regulations, procedures and standards in place, but effective HSE is much more than that: for...
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How improved ICT and digitalisation can fuel growth in the Nigerian oil and gas industry

It’s clear that if our industry - and indeed our nation as a whole - is to be successful, then we must invest in our technology. Just as good roads and reliable logistics networks are essential to the success of any business, investing in digital innovation is a fundamental part of how we will take the next step towards a more connected, more flexible, and ultimately more dynamic economic future. Here at Midwestern Oil and Gas we understand that investing in innovative technology will bring many benefits, and it is encouraging to see that there are signs of a number positive developments in this area. Home grown talent The first of these is the progress that has made in recent years in  developing talent within Nigeria, in order to encourage technological innovation from within indigenous oil and gas companies. At Midwestern Oil and Gas we’re proud of our policies around personal and professional development, which allow our people to develop their digital...
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Strategic alliances – how our joint venture with SunTrust Oil benefits everyone

Just as in any commercial operation, much of the success of our business depends on cooperation. This spirit of partnership can be seen in the approach we take to our relationship with the host communities we operate in - but also in the strategic approach we take to investing in and growing our business. It’s an approach that we believe benefits all sides. “Taking a partnership approach in business - particularly in terms of strategic alliances - can be a hugely valuable way to operate,” says our Chairman, Mr Onajite Okoloko. “Our original joint venture relationship with SunTrust Oil is a great example of this.” A shared interest Back in 2003, Midwestern Oil and Gas were awarded a 70% interest in the Umusadege Field in Delta State. We entered into the project alongside our partners at SunTrust Oil, who hold a 30% interest in the field that we operate. SunTrust Oil are an oil exploration and production company who focus mainly on West...
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Investing in the next generation – spotlight on Midwestern Oil and Gas scholarships

The young people of Nigeria are our future. A healthy economy requires an educated, healthy and productive workforce to succeed, and it’s clear that there is a lot of work to be done to ensure that Nigeria’s economic dreams are realised. With the right support and encouragement, our young people will become the drivers of a home-grown economic revolution – the creators of an indigenous outpouring of creativity and industry that can revitalise our country. But for this dream to become a reality, it is obviously necessary to invest in our people. Here at Midwestern Oil and Gas we recognise this need - and through our extensive corporate social responsibility work with our host communities, we’re excited to be doing our bit to support the next generation. The workforce of the future “Education is absolutely fundamental to the future of our country,” says our Chairman, Mr Onajite Okoloko. “By assisting young people in the host communities we work in, I believe that Midwestern Oil...
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Supporting our nation’s healthcare system

Supporting our nation’s healthcare system

It is critical that people in this country have access to an outstanding healthcare system, so they can take advantage of the services needed to enjoy a high quality of life. Led by our Chairman, Onajite Okoloko, we have invested in healthcare programmes in the communities where we work, helping make this a reality for citizens in every corner of Nigeria. Society’s foundation A strong healthcare system serves as the foundation of any prosperous society. We need medical services, ranging from over-the-counter prescriptions to surgeries, throughout our lives. It is also essential to consider that a robust healthcare infrastructure can improve quality of life, by providing treatments people need to deal with illness. Weighing in on the importance of healthcare, Mr Okoloko noted: “The citizens of this nation rely on our healthcare system every single day, to ensure that they and their loved ones remain healthy and can enjoy happy lives. We highly value the people who form part of the local...
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Midwestern Oil & Gas’ to Enable Food Security in Nigeria

Food shortages have hit Nigeria, due to an unprecedented increase in demand, negatively impacting quality of life for our people. Led by our Chairman Onajite Okoloko, along with Midwestern Oil & Gas’ sister firm Notore, we are working to combat these food scarcity issues. Tackling food shortages Our people need regular and sustainable access to food, to lead healthy, prosperous lives and yet food scarcity impacts millions of us. The federal authorities are now tackling the underlying issues behind this situation, for example, by making Nigeria a self-sufficient rice producer by 2018, reducing our reliance on expensive imports, to make food more affordable. Commenting, Mr Okoloko said: “We are dedicated to helping our government bring greater food security to the nation, so citizens can realise brighter futures. Through our Corporate Social Responsibility programme, we invest in areas such as education and job creation, so our people can enable food security for themselves. Meanwhile our sister company Notore provides this land’s farmers with...
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Nigeria targets 15 million new jobs by 2020

Our nation’s Minister of Budget and National Planning, Senator Udoma Udo Udoma, recently announced that our government will aim to reduce national unemployment by creating 15 million jobs by 2020. Under the leadership of our Chairman, Onajite Okoloko, we will assist our authorities in reaching this ambitious target, by creating new job opportunities. Addressing unemployment Unemployment in our country reached 11.19 million in September 2016. At a press conference, Udoma announced that our authorities will address this by facilitating 15 million new jobs in our country by 2020. Most notably our authorities will create new positions in the energy sector which will bring the country’s electricity generation operational capacity up to a minimum of 10 gigawatts by 2020, helping to solve power shortages. Commenting on this announcement, Mr Okoloko said: “We applaud the government’s ambitious goal of creating 15 million new jobs by 2020, as it will ensure that our people can access the opportunities needed to support themselves financially, and raise...
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Onajite Okoloko speaks on the revival of Nigerian economy

Our President, Muhammadu Buhari, recently stated that our country’s economy is bouncing back, following months of recession. Onajite Okoloko, the Chairman of Midwestern Oil & Gas touches on this development, explaining how Midwestern is working to provide a brighter future for people across Nigeria. Economy’s bouncing back Our country’s economy slipped into recession during the second quarter of 2016, when according to Premium Times, a national news source, our gross domestic product contracted by 2.06%, year-on-year. The rate of contraction rose in the third quarter, reaching 2.24% of GDP but dipped in the last quarter of the year, when our GDP shrank by 1.3% writes Punch, a national news outlet. The declining rate of GDP contraction indicated that by the end of 2016, our country was gradually moving out of recession. It became even clearer that our nation is now leaving the recession behind in March, when World Economics’ latest Sales Managers Index (SMI) –  which assesses how confident managers feel about the...
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Why are water and electricity such precious resources?

At Midwestern Oil and Gas, we recognise that water and electricity are important resources. Thus, we are fiercely committed to promoting sustainable water projects and electricity generation initiatives across our nation, ensuring that our people benefit from these valuable commodities. Vital resources    Water has been the lifeblood of society since the dawn of civilisation, as human beings need water to survive; our bodies are approximately 60% water, according to Healthy Eating, a wellness blog. We need to replace 2.4 litres of water in our bodies per day, making access to drinking water essential. Water also provides a massive range of additional benefits to society. We use water to clean, operate our sanitation systems, heat our homes, and for recreational purposes, among many other things. Water also has a vast array of industrial uses, such as for chemical development, agricultural irrigation and manufacturing purposes, so businesses also need secure water supplies. In the 20th Century, electricity emerged as another crucial resource. Today energy touches...
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