Leading energy services company, PE Energy Limited, 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 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, PANA Holdings/Group Chief Executive Officer, PE Energy Limited, Dr. Daere Akobo, noted that the seminar was facilitated to introduce new technology to oil and gas exploration companies that can be deployed to combat carbon and methane emission, 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, an improved social well-being of the people, and support President Bola Tinubu’s policy of methane emission reduction that would eventually help in reducing 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 big environmental hazard. He saluted the courage of both past and present administration in developing National Gas Policy 2020 which would help to promote the transition from flaring to annexing the flares but also ensure that flare is commercialized.
Also speaking, the Global Product Manager, Oil & Gas, ITT Bornemann GmbH, Mr. Jeroen Olde Monnickhoff, explained that the Multi-phase Pump and System is pivotal in reducing gas routine flaring for upstream environment and boosting oil production in the field.
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