PE Energy Limited, a leading energy services company, has introduced the Multi-phase Pump and Systems technology to eliminate gas flaring and enhance oil production in Nigeria.
This innovation was unveiled at an oil and gas seminar in Lagos, organized in collaboration with ITT Bornemann GmbH, under the theme, ‘Eliminating Gas Flaring and Reducing CAPEX in Production Fields; A Sustainable Approach’.
In his address to pressmen, the Chairman, PANA Holdings/Group Chief Executive Officer, PE Energy Limited, Dr Daere Akobo, emphasized that the seminar was designed to introduce new technologies to oil and gas exploration companies, aimed at reducing carbon and methane emissions, boosting efficiency through higher oil production, and contributing effectively to net-zero goals.
Akobo stated that deploying the new technology in production fields would promote environmental stewardship, enhance social well-being, and support President Bola Tinubu’s methane emission reduction policy, ultimately leading to lower oil production costs.
He emphasized the importance of stakeholders urgently and continuously addressing gas flaring, given its growing impact as a major environmental hazard.
He commended the efforts of both past and present administrations in developing the National Gas Policy 2020, which aims to promote the transition from gas flaring to capturing the flares and ensuring their commercialization.
Meanwhile, the Global Product Manager, Oil & Gas, ITT Bornemann GmbH, Mr Jeroen Olde Monnickhoff, noted that the Multi-phase Pump and System is essential for reducing routine gas flaring in upstream environments and increasing oil production in the field.
Monnickhoff stressed that the technology would reduce routine flaring in the field by capturing the gas and directing it downstream to the production facility, which would lower air pressure and increase oil production.
He also shared that the technology has been successfully deployed in various markets to deliver projects for global oil and gas players, encouraging industry participants to adopt the technology.
