Nigeria’s CWG Plc has disclosed that as a company that enables growth, it plays its role in the country’s Oil & Gas industry by bringing to the table the technological needs of each player in the sector, especially in the maintenance of technical equipment, which it does leveraging information technology.
The Founder and Executive Vice Chairman of CWG, Mr. Austin Okere, disclosed this while responding to interview questions by Thecable in Abuja during Nigeria International Petroleum Summit.
According to Okere, CWG Plc, touted as the largest system integration company in Nigeria works closely with the oil companies, providing managed services to them. This, he argues, allows them to focus on their core business.
“CWG brings to bear the technological needs of our clients in the oil and gas industry. We work very tightly with them in maintenance of technical equipment, especially in the area of information technology,” he said.
Okere, who is presently the entrepreneur-in-residence at the Ausso Leadership Academy, added that CWG also provides collocation services through its Data Center to major Oil & Gas players, stressing that innovation and efficiency, which come through consistent research and development have a major role to play.
Asked other markets CWG is breaking into, Okere disclosed that CWG is going more deeply into platforms that provide sharing of technical facilities for everybody to use and learn from. These platforms, he said, will allow innovations to thrive.
He explained that these innovations are in three types. Hear him: “There is Market Substituting Innovation, which is just making a better product of what you have. There is Market Efficiency Innovation, which is doing more with less, and that is what a lot of the oil majors did in order to bring the pricing down by 60 percent. The biggest innovation is what we call Market Creating Innovation. Market creating innovation is the kind of thing that provides jobs, that expands the industry.”
He said the Market Creating Innovation for the industry is the main focus of CWG at the moment, believing it will lead having have sustainable projects rather than everybody scraping the barrel and competing for a shrinking part.