…As Greece authorizes ExxonMobil, Total to explore gas off Crete***
Experts at a workshop by Intelligent Distributed Energy Resources Management Systems (IDERMS) on Thursday urged for the creation of more power grids as panacea to solving the nation’s energy shortage.
They made the observation at Protea Hotel, Ikeja, Lagos, while dissecting the theme: ”Building Intelligent Energy Hub in Nigeria”.
The participants which included Prof. Bamidele Adebisi from Metropolitan University, U.K., and other experts in energy development, investors, academicians also focused on how lessons from smart grids, smart city could help Nigeria in developing the right use cases and business models that would open the energy market to the private sector.
The workshop which aimed at stimulating collaboration with industry policymakers, academics at all level, was funded by the Manchester Metropolitan University, U.K.
In his speech, Prof. Bamidele Adebisi said there was need to decentralise the power sector more in order to have optimum energy in the country.
“We need more mini power grids to solve the shortages we have in the power sector, sometimes; we always dwell too much on the problems at hand without harnessing the solution.
“Nigeria has enough resources to solve her power problem, but we need to start somewhere, that is the way to go.
“If we can get this energy in clusters, then we will be able to resolve some power problems.
“The energy problem in Nigeria is not what we cannot solve, but we need to be deliberate about it,” he said.
Corroborating Adebisi, Mr Akin Ande, called for a better data management to determine the level of energy consumption in the country.
“The country lacks enough data to show the real energy consumption in the country because there are lots of energy thefts here and there.
“Nigeria must look into how the energy consumption can be solved through accurate data which will necessitate the real power needed.
“Nigeria also needs to implement policies to harness the potential of renewable generation for wider impact.
“In data analysis, we need to apply Artificial Intelligence (AI) and Machine Learning (ML) combined with predictive models to achieve real-time control optimisation,” he said.
Meanwhile, Greece on Thursday authorized Exxon Mobil and Total to search for gas and oil reserves off Crete in the Mediterranean as part of a consortium with national group Hellenic Petroleum.
The exploration will take place in an untouched 40,000 square kilometre area which the experts believe is likely to yield hydrocarbons.
Prime Minister Alexis Tsipras said that exploration is expected to show within two years whether there are reserves.
Greece has been drawing oil since the 1970s from a small field in the northern Aegean, between the port of Kavala and the island of Thassos, but the output covers just around five per cent of the country’s needs.
Exxon Mobil Corporation is an American multinational oil and gas corporation headquartered in Irving, Texas. It is one of the largest world’s big oil companies. As of 2007, it had daily production of 3.921 million BOE (barrels of oil equivalent).
Total is a French multinational integrated oil and gas company founded in 1924 and one of the seven “Super major” oil companies in the world.
Its businesses cover the entire oil and gas chain, from crude oil and natural gas exploration and production to power generation, transportation, refining, petroleum product marketing, and international crude oil and product trading.
Total is also a large scale chemicals manufacturer.