Firms Leverage Technology for Local Content

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  • Firms Leverage Technology for Local Content

Kings Industrial Tools Limited, a company that specialises in marine and vessel support services, said it is partnering Krill Systems to bring cutting-edge technology to support the offshore oil and gas industry.

The technology would also provide engineering contracting, including fuel monitoring to its clients.

Krill Systems is an Electronic Fuel Monitory System (EFMS) provider to the International Oil Companies (IOCs) in Nigeria.

The Chief Executive Officer of the company, Abdulrahman Ahmed, said the company had obtained Chevron’s approval to install the Krill Systems on their chartered vessels for their upstream operations.

In an interview with The Nation during an oil and gas forum in Abuja, Ahmed said the company also handles vessels construction on behalf of the Nigerian National Petroleum Corporation (NNPC), Glenco, Trafigura, Addax Petroleum, adding that the company has been working on about 300 tankers yearly, including products and crude oil tankers.

He said: “Our Electronic Fuel Monitoring Systems (EFMS) uses cutting-edge meters that have accuracy threshold of plus or minus of about 0.1 per cent and we have been able to use it to locate vessels at any given time including the fuel consumption of the vessel, work quality, the quality of bunkers the vessel has received and when it has received it. They are all backed up on our Microsoft cloud.

“We are also able to do geo-fencing. If your vessel is operating in the offshore environment and the vessel is going outside a pre-determined longitude and latitude bearer, you will get an email to inform you that your vessel is outside of your geo-fence, which isn’t where it is supposed to be and you will be able to run all the analysis of the vessel directly from the office where there is satellite connection.”

According to him, Kings Industrial Tools was registered in Nigeria in 2002 to provide cutting-edge technology solutions to the oil and gas industry. It provides engineering and technology solutions, with after sales maintenance, adding the company is the sole representatives to Krill systems for Africa and the Middle East.

Krill systems, he said, is a leader in electronic fuel monitoring systems (EFMS), bunker, emissions and liquefied natural gas (LNG) re-gasification efficiency monitoring.

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]

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