PE Energy Limited, a leading energy services company, has unveiled a new technology, Multi-phase Pump and Systems, to end gas flaring and boost oil production in Nigeria.
The new technology was unveiled in Lagos on Tuesday, 4 February 2025, at an oil and gas seminar organised by the company in conjunction with ITT Bornemann GmbH, under the theme “Eliminating Gas Flaring and Reducing CAPEX in Production Fields: A Sustainable Approach.”
Speaking during an interview with journalists, the Chairman of PANA Holdings/Group Chief Executive Officer of PE Energy Limited, Dr Daere Akobo, noted that the seminar was facilitated to introduce new technology to oil and gas exploration companies. This technology can be deployed to combat carbon and methane emissions, enhance efficiency through increased oil production, and meaningfully contribute to the net-zero target.
According to Akobo, the deployment of the new technology in production fields will bring about environmental stewardship, improve the social well-being of the people, and support President Bola Tinubu’s policy on methane emission reduction, which will eventually help reduce the cost of oil production.
He stressed the need for stakeholders to pay urgent and sustained attention to gas flaring, considering the fact that it has become a significant environmental hazard. He commended both past and present administrations for developing the National Gas Policy 2020, which will help promote the transition from flaring to capturing the flares, as well as ensuring that flaring is commercialised.
Also speaking, the Global Product Manager for Oil & Gas at ITT Bornemann GmbH, Mr Jeroen Olde Monnickhoff, explained that the Multi-phase Pump and System is pivotal in reducing routine gas flaring for upstream environments and boosting oil production in the field.
Monnickhoff noted that the deployment of the technology would reduce routine flaring in the field by capturing the gas and boosting it downstream to the production facility, simultaneously reducing air pressure, which leads to an increase in oil production.
He disclosed that the technology has been deployed in different markets to deliver projects for oil and gas players globally. He urged industry players to adopt the technology, noting that it is more beneficial than flaring gas, given the penalties attached and the health hazards it creates.
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