In the heart of Africa lies Nigeria, a nation renowned for its vast oil and gas reserves and ranking as the fifteenth largest oil producer worldwide. For decades, the Nigerian oil and gas sector has been the cornerstone of the country’s economy, fueling employment, revenues, growth, and development. Since the discovery of crude oil in the 1950s, the nation’s oil and gas industry has experienced a transformative journey, rapidly emerging as a significant player in the global oil market.
In search for cleaner and more sustainable sources of energy, Nigeria’s natural gas reserves have become increasingly vital, leading to significant investments in infrastructure and exploration. This growth has not only fueled the Nigerian economy but has also enhanced the nation’s position as a regional energy powerhouse.
However, despite the sector’s achievements, it has faced numerous challenges that hinder the realization of its full potential. Issues such as, data/cybersecurity concerns, unreliable data management systems leading to loss of data for decision making, situational analysis and reporting amidst others, have plagued the industry and hindered growth, therefore, hampering Nigeria’s quest for energy sustainability in line with its Sustainable Development Goals.
Against this backdrop, Interswitch Group, Africa’s integrated payments and digital commerce company has partnered Stratus Technologies, a global technology solutions provider to spur transformation in the energy sector through the introduction of a range of cutting-edge solutions.
These were unveiled at the 2023 Nigeria Oil and Gas (NOG) Energy Week tagged ‘Powering Nigeria’s Sustainable Energy Future’, where industry leaders, experts, and stakeholders discussed the future of the country’s energy sector.
This partnership signifies a commitment to leverage technology in driving sustainable growth and creating a resilient energy future for Nigeria. Interswitch Group, renowned for its expertise in digital solutions, brings a wealth of experience and technological prowess to the table. By utilizing its vast network and digital infrastructure, it aims, in partnership with Stratus Technologies, to digitally transform operations to drive predictable, peak performance with minimal risk, by ensuring continuous availability of business-critical applications like the zero-touch Edge Computing platforms that are simple to deploy and maintain, protected from interruptions and threats, and autonomous within the sector.
Stratus Technologies, a global leader in simple, protected, and autonomous Edge Computing platforms will be contributing its expertise in optimizing complex operations to complement Interswitch Group’s strengths.
This collaboration between Interswitch Group and their distributor partner Stratus Technologies holds immense potential for the revolutionization of Nigeria’s energy sector. By combining their strengths, both organizations aspire to unlock new opportunities, foster innovation, and address the pressing challenges that hinder progress. Their joint efforts will focus on enhancing operational efficiency, reducing costs, and promoting environmentally friendly practices by harnessing digital technologies, data analytics, and automations to minimize wastage, and ensure sustainable resource management.
‘’We are thrilled to join forces with Stratus Technologies. said Jonah Adams, MD, Digital Infrastructure & Managed Services (Interswitch Systegra). “Through this partnership, we aim to leverage cutting-edge technologies, such as real-time monitoring, predictive maintenance, and industrial automation, to enhance asset integrity, optimize production processes, and minimize downtime through the integration of cutting-edge technologies, and ultimately create a more reliable, secure, and environmentally responsible energy landscape. Together with Stratus Technologies, we are confident that our collaborative efforts will drive sustainable growth, foster innovation, and pave the way for a brighter, more resilient energy future for Nigeria.”
Speaking about the partnership, Pieter van der Merwen, Regional Manager Sales and Business Development Africa and the Middle East, Stratus Technologies expressed enthusiasm, stating, “The collaboration with Interswitch Group has been an extraordinary experience. By integrating our fault-tolerant edge computing platforms with Interswitch’s technological prowess, we are empowering organizations in the Nigerian oil and gas industry with unparalleled capabilities for real-time data processing, advanced analytics, and simulation. We take great pride in being a part of this transformative journey, facilitating improved efficiency, predictive maintenance, and cost optimization within the sector.”
These improvements will not only streamline operations but also contribute to increasing Nigeria’s environmental footprint and foster a greener, more sustainable future, bridging the gap between traditional oil and gas operations and modern digital technologies. In the long run, these efforts are expected to transform Nigeria’s oil and gas industry into a driver of sustainable economic growth and a beacon of energy efficiency for the African continent and beyond.
