PE Energy Ltd, a subsidiary of PANA Holdings, an indigenous energy solution provider, has introduced the Multiphase Pump (MPP) technology to eliminate the growing number of routine gas flaring in Nigeria and boost production in the oil and gas sector.
The technology introduction was in partnership with ITT Bornemann, a German-based engineering company, to highlight groundbreaking technologies and products designed to eliminate routine flaring in oil and gas operations.
The unveiling was done at the seminar “Eliminating Flaring and Reducing CAPEX in Production Fields: A Sustainable Approach” on Tuesday in Lagos.
Daere Akobo, Chairman and GCEO, PANA Holdings, said the technology has been existing for a long period but is new to Nigeria’s energy sector.
He said: “The technology has been existing for a long period, but it is a problem looking for a solution. So, it’s all about adaptation and knowledge. One of the significant things that we have done and have continued to do in the country is to look for those technologies that are used in another country and bring them.
“So, we went through a process with the Nigerian Upstream Petroleum Commission (NUPRC), and they are very adaptable to new technology adaptation. So we brought this technology to NUPRC, they went through the technology make-up process, and they gave us approval, and then we got it to Chevron.”
According to Akobo, Chevron is using the MPP technology now. “So already the technology is being used now by Chevron,” he said.
Nigeria, the biggest natural gas exporter in Africa, tops as one of the major oil-producing countries contributing to the increasing global gas flaring, driving set efforts of reducing environmentally harmful emissions further from realisation.
The nation flared 300.5 million standard cubic feet (mscf) of gas in 2024, surpassing the threshold for levels not observed since 2020 (353.5 million scf of gas), according to data from the National Oil Spill Detection and Response Agency (NOSDRA).
About 16 million tonnes of carbon emissions were also discharged into the atmosphere, according to NOSDRA data. This could pose a health risk to locals living close to the flaring sites.