P E Energy Limited, a leading energy services company, has unveiled a groundbreaking technology aimed at ending gas flaring and boosting oil production in Nigeria. The Multi-phase Pump and Systems technology was revealed at an oil and gas seminar in Lagos on February 4, 2025, organized by the company in partnership with ITT Bornemann GmbH. The seminar, themed “Eliminating Gas Flaring and Reducing CAPEX in Production Fields; A Sustainable Approach,” attracted key industry players.
Dr. Daere Akobo, Chairman of PANA Holdings and Group CEO of PE Energy Limited, highlighted the importance of the technology in combating carbon and methane emissions, enhancing oil production efficiency, and contributing to Nigeria’s net-zero target. He also emphasized the role the technology would play in supporting President Bola Tinubu's methane emission reduction policy and reducing the cost of oil production.
Dr. Akobo further stressed the urgent need for stakeholders to address gas flaring, which has become a significant environmental hazard. He praised both past and present Nigerian administrations for their development of the National Gas Policy 2020, aimed at transitioning from flaring to utilizing the gas commercially.
During the seminar, Mr. Jeroen Olde Monnickhoff, Global Product Manager for Oil & Gas at ITT Bornemann GmbH, explained that the Multi-phase Pump and System would reduce routine gas flaring in upstream environments by capturing gas and boosting it downstream to production facilities. This would not only mitigate the harmful effects of gas flaring but also increase oil production by reducing air pressure in the system.
Mr. Monnickhoff revealed that the technology had been successfully deployed in various global markets and had proven effective in delivering projects for oil and gas players. He encouraged industry players to adopt the technology, highlighting its advantages over traditional flaring methods, including avoiding penalties and reducing health hazards.
About PE Energy Limited:
PE Energy is a total solution provider specializing in Flow Drive, Flow Measurement and Management, Flow Control, and Supply Chain Management. The company offers a complete range of services, including Factory Acceptance Testing (FAT), overhaul and recertification, upgrading, assembling, and manufacturing of critical components.
About ITT Bornemann:
ITT Bornemann GmbH is a leading provider of multiphase pumping systems for the oil and gas industry. With over a decade of experience, the company specializes in innovative pump solutions for thin liquids, high-viscosity fluids, and aggressive substances, expanding its portfolio to cater to various industries, including petrochemicals, refineries, and marine applications.
0 Comments