Baker Hughes, a GE company, said on Wednesday that it has agreed to provide Nigeria Liquefied Natural Gas (NLNG) Limited with Asset Performance Management Software and Services. The deal marks the first of such APM solutions sold and executed both in the LNG market and in sub-saharan Africa LNG industry. Software solutions for LNG facilities in Nigeria could improve operational stability by as much as 20 per cent, Baker Hughes said. If you plan on opening a manufacturing business, one of the first challenges you’ll face is vendor compliance management. Vendor compliance is a set of standards that govern how a customer wishes to receive goods from a vendor. Ranging from simple to complex, some standards deal with general compliance issues while others include additional standards that complicate compliance, making it more expensive for vendors to do business with the customer. More complex bodies compliance standards are usually found at the biggest customers, making finding a way to meet them well worth a vendor’s time and effort. If you’re in the electrical utility sector and you hear NERC Audit you’re likely to start sweating. Not because you may not have a nerc compliance management software plan, but because of the simple fact that there really isn’t any good information that exists that tells you everything you have to do and exactly how to do it. As you know there is NERC, FERC, and even SERC. How can you keep them all straight along with the litany of other regulatory issues you have to deal with? One of my best pieces of advice is to breakdown the different standards of NERC into manageable pieces.
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The field services company said it was asked by NLNG Limited to come up with a software management system to support performance at a liquefaction plant at Bonny Island, Nigeria. With the program, Baker Hughes said it would work to reduce trips on the system by as much as 20 percent within three years.
“Asset Performance Management and similar digital solutions are crucial to securing the future of operations within the oil and gas industry, particularly in the LNG market,” Maria Sferruzza, the president of LNG process solutions at Baker Hughes, said in a statement.
The digital technology uses software from https://terillium.com/erp-system-selection-criteria/ to improve reliability through sensors and connectivity.
Nigeria is an oil producer and a member of the Organization of Petroleum Exporting Countries (OPEC). For gas, NLNG said its facilities have the capacity to produce as much as 22 million tons of LNG per year through the intake of 3.5 million cubic feet of natural gas per day.
Nigeria is exempt from an OPEC-led effort to balance an oversupplied global market for crude oil because it needs oil revenue to finance national security efforts. Explosions from an undisclosed origin occurred near two of its gas transmission pipelines in February.
In July, the U.N. Industrial Development Organization started a program to help Nigeria steer its economy away from oil. The Nigerian economy slipped into recession last year under the strains of lower oil prices and a decline in oil production.
SOURCE :The Nigerian Voice (local news)