Spectr News Theme
Power Sector News

TOTALENERGIES: CONVERT FLARED GAS TO COMMERCIAL USE

Admin
Friday, 12 August 2022

As the race towards energy transition and cleaner energy intensifies, a call has been made to the government and stakeholders in the oil and gas sector to convert  flared gas into commercial use.

The Managing Director, TotalEnergies E&P Nigeria Limited, Mike Sangster, stated this at the 45th Nigerian Annual International Conference and Exhibition (NAICE) organised by the Society of Petroleum Engineers (SPE) Nigeria Council in Lagos.

Sangster, represented at a plenary session during the event by Deputy Managing Director, Deepwater, TotalEnergies, Victor Bandele, said: “Success is when we are able to convert all gas flared into some form of use that makes sense. I work for TotalEnergies and I am proud of some steps we have taken in the past, which today is yielding something that we can point to.”

He noted some of these steps to include the upgrade of OML 58- a project embarked on by TotalEnergies since 2012. The project is about making 300 million standard cubic feet (scf) of gas pipeline available for the gas market, which ensures that anybody bringing gas for the domestic market near Port Harcourt can connect to it and also benefit from it.

Nigeria can be said to have achieved success when gas is available, and companies can connect to such pipelines, which will in turn yield profit for the country,” Bandele said at the plenary.

The TotalEnergies chief, who emphasised the ramping up of investments in the sector, admonished the government to also cut down its operating expenses on projects in the energy sector by way of reducing time spent in the project contracting circle, maintaining that reducing period for which oil and gas projects were executed in the sector would go a long way in restoring investors’ confidence, as well as attract new and viable funding for more developmental projects.

About a fortnight ago, TotalEnergies connected Ikike which is a satellite to Amena on its OML 99. This field is estimated to have a production capacity of about 50, 000 barrels of oil equivalent daily (boed) of oil equivalent starting from now- we are ramping up.

Bandele described the project as low capital expenditure which the country needs at the moment given it is a high profit project with capability of helping to bridge the gap in production the country is currently grappling with.

“By cutting projects circle we are going to put things in perspective and bring in investments rather than repelling them. I think success is when we are extremely efficient as a country; when we are not spending five years on a project that should be executed in one year,” he added.

About IWIN

The Independent Energy Watch Initiative (I-WIN), an enterprise of Energy ConServ and the Roundtable for the Growth and Development of Power (RODEP), is an online/web based power sector portal that strives to engage stakeholders and the Nigerian public on topical issues in the power sector.

Login
Forgot Password?/Sign Up
Registration Login
Sign in with social account
or
A password will be send on your post
Reset Password
Login