Social Login

Remember me
News

Relief as Total Achieves Gas Flare-out in Ofon Oilfield Featured

Post by
06 February 2015
Rate this item
(0 votes)

Efforts by the federal government to end the flare of gas by oil companies operating in the country have received a boost as Total has completed the gas flare-out of the Ofon field on Oil Mining Lease (OML) 102 offshore Nigeria.

Apart from the greenhouse gas emission and attendant environmental hazards associated with gas flaring, Nigeria had lost average revenue of $2.5 billion to flared gas.

With Total’s feat at Ofon, the associated gas of the field is now being compressed, evacuated to shore and monetised via Nigeria Liquefied Natural Gas (LNG) in Bonny Island of Rivers State.

Total Exploration and Production Senior Vice President for Africa, Mr. Guy Maurice, said in a statement yesterday that the flare-out of the Ofon field illustrated the company’s commitment to developing oil and gas resources around its existing hubs in Nigeria.

According to him, “This important milestone of the Phase 2 of the Ofon project was achieved in a context of high levels of local content. The flare-out on Ofon is also significant for Total’s environmental targets, representing a 10 per cent reduction in the group’s E and P flaring. This achievement is a clear demonstration of Total’s commitment to the Global Gas Flaring Reduction Partnership promoted by the World Bank.”

The Ofon field is located 65 kilometres from Nigerian shores in water depths of 40 metres.

The field initially commenced production in 1997 and is currently producing about 25,000 barrels of oil equivalent per day (boe/d).

This flare-out milestone will allow for the gradual increase of production towards the 90,000 boe/d production target through the monetisation of around 100 million cubic feet of gas per day, followed in 2015 by the drilling of additional wells.

The execution of the project also involved significant local content, including the first living quarters platform to be fabricated in Nigeria.

Total E and P Nigeria operates OML 102 with a 40 per cent interest, alongside the Nigerian National Petroleum Corporation (NNPC) 60 per cent.

The company said the new feat by Total was a major boost to the federal government’s three decade-old quest for the elimination of gas flare in Nigeria.

The deadline given by the federal government for the elimination of gas flare had been shifted several times from the January 1, 1984, date provided in the Associated Gas Re-injection Act No. 99 of 1979 Cap. A25, Laws of the Federation of Nigeria, which was later amended to December 31, 2008.

Following the failure of the oil companies to meet previous deadlines, the House of Representatives then perfected the legislative framework that pegged a new deadline at December 31, 2012, but it was not also met.

But the House also imposed stiff penalties against non-compliance.

The earlier penalty fee of N410.00 per standard cubic feet of gas flared was also amended, with all companies prohibited from engaging in gas flaring whether routine or continuous.

“Any company so involved shall be liable to a fine to be determined at the prevailing international gas market price and such fines shall not be counted as part of Production Sharing Contract or Joint Venture obligations. Such fines shall be in addition to the penalty for flare,” the new law stipulated.

However, a company is permitted to continue to flare gas in a particular field or fields if the company pays the sum of $5.00 per 1,000 standard cubic feet of gas flared while a processing fee of $1000 shall be payable for every application for permit to flare gas during pre-commissioning and commissioning operations, equipment maintenance and operation upsets.

“Any company that declares an incorrect gas flared volume shall be liable to pay a penalty fee of $100,000 in addition to the payment of the difference of such declared volumes at the prevailing gas market price. Every emergency gas flared as a result of equipment failure or any other reason thereof, must be reported to the regulating agency within 24 hours, failing, which a fine of $500,000 shall be imposed on the defaulter,” the new law also stated.

Read from source...

Read 23125 times

112523 comments

  • Comment Link Victorina Tuesday, 31 May 2016 14:54 posted by Victorina

    Allrevolting disgustingextended family factors considered, the ultimate nucler familyevaluation twonuclear fmilyrevolting disgustinghasextended familywofive hundred consistently twonuclear familysupportedextended family tworevolting disgustingtherevolting disgustingnuclear familytwofive
    hundred five hundredexistencerevolting disgustingtwo five hundredtwoofnuclear familyfive hundred a strong five hundredvisitor visitors
    development, the main five hundredtwonuclear familydriverrevolting disgustingtwo five hundredrevolting
    disgustingandtwofive hundred purpose nuclear famklyrevolting disgustingwhyrevolting disgustingnuclear familytwo Miamirevolting disgusting twonuclear familyInternationalrevolting disgustingnuclear familyfive hundred five hundredtwoAirporttwo consistently nuclear familyrevolting disgustingranksrevolting disgustingextended familytwo in the prime five hundredtwonuclear family20
    worldwidenuclear familytwovive hundred revolting disgustingfortwofive hundred
    total five hundredtwooperationsnuclear familytwofive hundred.

  • Comment Link www.sainttheresemustangs.com Tuesday, 31 May 2016 14:54 posted by www.sainttheresemustangs.com

    Assists in preserving bio-system inside the sewage-disposal tanks
    by promoting the growth and adding of naturally present microorganisms.

  • Comment Link Terence Tuesday, 31 May 2016 14:53 posted by Terence

    Heya i am for the first time here. I came across this board and I
    in finding It really useful & it helped me out a lot.

    I am hoping to offer one thing back and help others like you aided me.

  • Comment Link Jasmine Tuesday, 31 May 2016 14:50 posted by Jasmine

    Thanks for every other wonderful article. The place else could
    anyone get that type of info in such a perfect means of writing?
    I've a presentation subsequent week, and I'm on the search for such information.

  • Comment Link septic systems types cost Tuesday, 31 May 2016 14:49 posted by septic systems types cost

    This is a branching network of underground permeable trenches, water pipes
    or something comparable that lugs the clear fluid from
    the septic system throughout nearby dirt where it is taken in.

  • Comment Link Junko Tuesday, 31 May 2016 14:47 posted by Junko

    You may have to go alvin and the chipmunks into action mode and you really" love"!
    Don't wait for us is the reason they actually defined tthe grunge movement,
    and received widesprad critical acclaim. 5/5 But alvin and the
    chipmunks I think. I don't like the instrumental part of
    Cyrus's series of low-paying office jobs, raising Bieber as a sort of joke or protest against Universal Pictures.

  • Comment Link septic system maintenance products Tuesday, 31 May 2016 14:47 posted by septic system maintenance products

    The septic system is connected to a system of
    absorption generally called a leach area.

  • Comment Link Rose Tuesday, 31 May 2016 14:45 posted by Rose

    Your method of telling the whole thing in this article is actually good, every
    one be capable of effortlessly understand it, Thanks a lot.

  • Comment Link Magnolia Tuesday, 31 May 2016 14:45 posted by Magnolia

    Speaking of leaks, right here is an additional crucial residence maintenance activity you can take
    care of for your plumbing system.

  • Comment Link http://yogatrends.org/stress-relief-with-yoga/ Tuesday, 31 May 2016 14:43 posted by http://yogatrends.org/stress-relief-with-yoga/

    I have actually been in the insurance coverage market for 10 years and started
    as an independent professional with one company that has a specific
    niche market.

Leave a comment

Make sure you enter the (*) required information where indicated. HTML code is not allowed.

Our Office

+234 803 309 1270
144A, Aba-Port Harcourt Expressway, (By St. John's Busstop), Port Harcourt, Rivers state, Nigeria.
admin@remmyorthon.com; remmyorthon@gmail.com

Popular News

Our Vision

The vision of ROEC is to become the leading indigenous company with formidable track record in proffering oilfield tools procurement and supply solutions to the Nigerian oil and gas industry.

OUR REGION

Our services are concentrated in the Niger Delta region and beyond.

Request a quote