Business
Gas Flare Drops To 19 percent –NNPC
The Nigeria National Petroleum Corporation (NNPC), says gas flare in the country has reduced significantly and stands at 19.54 per cent.
The development was attributed to increased utilisation of gas for power generation, export and industrial applications.
According to the latest edition of the Monthly Petroleum Information (MPI) from the NNPC, 197.62 Billion Standard Cubic Feet (BSCF) of gas was produced while 159.02 BSCF was utilised.
A total of 38.60 BSCF about 19.5 per cent of total gas production were flared at the oil fields in onshore and offshore oil fields in Nigeria.
Also 83,768 metric tons of Natural Gas Liquid (NGL) was produced by both the Joint Venture and Production Sharing Companies in the Oil and Gas sector for the period under review.
Mobil Producing Nigeria (MPN) which operates a joint venture with NNPC accounted for 51 per cent (42,271 MT) while NNPC was credited with 49 per cent (41,047MT) of the volume.
According to the petroleum statistics, MPN flared 6.2 BSCF, about 20.7 per cent of its total associated gas.
Agip, however, flared the highest quantity of 9.14 BSCF, 23.36 per cent of its produced gas , while Total Exploration and Production flare the least gas volume of 2.04 BSCF , 9.57 per cent in the joint venture category.
Operations at Mobil’s 1.3 billion dollars East Area Natural Gas to Liquids projects has reduced the oil firm’s gas flare figures from about 40 per cent to 20 per cent and improved oil recovery at the Qua Iboe oil fields.
The upstream oil industry highlight also showed that total Crude Oil and Condensates produced during the period was 72.68 million barrels, averaging 2.34 million barrels per day by Joint Venture Company’s, Production Sharing Contracts and Marginal Oil Field Operators.
Our source, however, reports that in June 2011, global emissions from gas flaring alone were more than half the annual Certified Emissions Reductions (624 million tons) currently issued under the Kyoto’s Clean Development Mechanisms.(data as of June 2011).
Gas flaring emissions in some oil-producing countries, represent about one third of their total CO2 emissions, according to Nigeria’s National Communication to the UNFCCC.
Business
NCDMB, Dangote Refinery Unveil JTC On Deepening Local Content
Business
Food Security: NDDC Pays Counterpart Fund For LIFE-ND Project
Business
Replace Nipa Palms With Mangroove In Ogoni, Group Urges FG, HYPREP
-
Sports3 days ago
Oyibu predicts success for Team Nigeria at Athletics Championships
-
News3 days ago
Presidency Faults US Visa Restrictions On Nigerians, Demands Fair Treatment
-
Politics3 days ago
PDP Still Formidable Ahead 2027 – Nat’l Youth Leader
-
Niger Delta3 days ago
Commissioner Explains Oborevwori’s Retirement Age Extentoon For Associate Profs
-
Politics3 days ago
Civic Duty, Not Politics Necessitated My Engagement With Abacha – Obi
-
Women3 days ago
What To Know About Fufu, Loi Loi
-
Sports3 days ago
Former Champion Seeks Title Defence At Para Table Tennis Tourney
-
Rivers3 days ago
Don Sues For Leadership Assessment Centre In IAUE