NJ Ayuk billions at play: How technical innovation can empower the development of the African oil and gas industry

 As the whole world around is locked inside their places because of the current pandemic situation, economies and financial markets around have turned out to be the biggest casualties. Irrespective of the sector and domain of their employment, every other person is struggling to make their ends meet in these circumstances

Now, this is where the technology sector can turn out to be the only ray of hope for every struggling sector and person around.

NJ Ayuk, one of the most renowned energy experts around, also concurs with the same idea. Quite recently he was in a conversation with a major African business daily and this is where he discussed the significance of Information technology in boosting Africa's oil and gas industry.

 

Technology has to be our go-to word in this current situation

 COVID 19 has pushed most of the business organizations around over the globe to strongly rely upon tech solutions to let them go by their day-to-day work. From holding every single one of those virtual meetings to following and checking all the key resources, everything can now be tracked and monitored by using those hi-tech solutions around.

 NJ Ayuk guardian further said that a similar innovation has helped various oil and gas firms while driving their everyday tasks in these crisis conditions. In his words, " Innovations such as the development of new ways to drill wells and handle equipment, the design of new seismic data collection programs, the management of petroleum data systems, and the monitoring and protection of internet-connected equipment have the potential to redefine how business is done in this sector."

 

Combating the current financial crisis

While talking about his famous book - NJ Ayuk billions at play, he further said that all the African oil and gas firms must join hands with the local tech firm to acquire greater adaptability and aptitude with the help of the latest technology in their every day functioning.

 These associations must further encourage these tech firms to import all the required technical skill set and expertise to fuel to empower their business operations in an efficient manner. NJ Ayuk also said that the same organizations can then look up to greater innovations and solutions to fuel their future growth and development in the same respect.

 

Bottom line

 NJ Ayuk energy further quoted that in the wake of the current economic crisis, governments and financial authorities around the globe must encourage all the oil and gas firms with certain tax rebates and subsidies.

This way, these organizations can take care of their daily operational costs along with the compensation and salaries paid to their employees. That could be the only way for all such firms to tackle this pandemic situation in the coming months.