PE Energy Limited, a prominent energy services provider, has introduced a groundbreaking technology poised to revolutionize the Nigerian oil and gas industry. This innovative solution, known as the Multi-phase Pump and Systems, offers a dual benefit: mitigating gas flaring, a significant environmental concern, and simultaneously boosting oil production. The unveiling took place at a specialized oil and gas seminar in Lagos, co-organized by PE Energy and ITT Bornemann GmbH, the technology’s developer. The seminar, themed “Eliminating Gas Flaring and Reducing CAPEX in Production Fields; A Sustainable Approach,” highlighted the technology’s potential to address pressing environmental challenges and optimize operational efficiency.
Dr. Daere Akobo, Chairman of PANA Holdings and Group CEO of PE Energy, emphasized the seminar’s objective of introducing this cutting-edge technology to exploration companies. The Multi-phase Pump and Systems, he explained, offers a robust mechanism for combating carbon and methane emissions, two major contributors to climate change. By enhancing oil production and mitigating flaring, the technology directly supports Nigeria’s net-zero targets and aligns with global efforts to curb greenhouse gas emissions. Furthermore, the technology resonates with President Bola Tinubu’s policy focus on methane emission reduction, a critical step towards achieving environmental sustainability and potentially lowering oil production costs.
Dr. Akobo underscored the urgent need for stakeholders to address the pervasive issue of gas flaring, a practice that poses significant environmental hazards. He commended past and present Nigerian administrations for developing the National Gas Policy 2020, a framework designed to transition from wasteful flaring to productive gas utilization, including commercialization. This policy, he argued, provides a supportive regulatory environment for adopting innovative technologies like the Multi-phase Pump and Systems. He emphasized that the adoption of this technology aligns with the policy’s objectives and contributes to a more sustainable and economically viable oil and gas sector.
Jeroen Olde Monnickhoff, Global Product Manager for Oil & Gas at ITT Bornemann GmbH, elaborated on the technical aspects of the Multi-phase Pump and Systems. He explained that the technology plays a pivotal role in reducing routine gas flaring in upstream operations. Instead of burning off associated gas, a common practice with detrimental environmental consequences, the system captures and boosts the gas downstream to production facilities. This process not only mitigates harmful emissions but also creates a pressure reduction in the reservoir, leading to increased oil production. Therefore, the technology offers a win-win solution: environmental protection coupled with improved operational efficiency.
Monnickhoff further emphasized the system’s proven track record, highlighting its successful deployment in various oil and gas projects globally. This extensive experience, he stated, demonstrates the technology’s reliability and effectiveness in diverse operational settings. He urged industry players to adopt the technology, highlighting its economic and environmental benefits. By capturing and utilizing associated gas, companies can avoid penalties associated with flaring while simultaneously contributing to improved air quality and reducing health risks associated with gas flaring.
The introduction of the Multi-phase Pump and Systems presents a significant opportunity for the Nigerian oil and gas industry to address long-standing environmental challenges and optimize production efficiency. By transitioning from flaring to gas utilization, companies can align with national policy objectives, reduce their environmental footprint, and enhance profitability. The technology’s global track record attests to its effectiveness and provides a compelling case for its wider adoption within the Nigerian oil and gas sector. This innovation promises to contribute significantly to a more sustainable and economically prosperous future for the industry. The technology offers a crucial bridge between environmental responsibility and economic viability, paving the way for a cleaner and more efficient energy future.
