Green Energy Intern’l to Commission LPG Extraction, Power Plants on Otakikpo
The Operator of the Otakikpo Marginal Field in OML-11, Green Energy International Ltd (GEIL) is set to commission the 12MMSCFD modular LPG extraction plant and the 6MW power generating plants at the Otakikpo Marginal Field in Q2 this year.
These associated gas utilisation projects, GEIL says, are a critical part of the operator’s gas flares-out project aimed at eliminating gas flaring, industrialising the host community by using the gas to generate energy to benefit both host community and the country at large.
With the scale of the modular LPG plant, which will be the first to be installed in the country, GEIL said it would showcase the success of the project to other industry players and the government as one of its contributions to eliminating associated gas flares in Nigerian oil fields.
As stated in a press release it issued on Sunday, the firm said the project got its Approval-To-Construct in April 2018 and was on FastTrack for completion.
The projects General Manager, Johnson Akinyemi emphasised: “By July 2019, the equipment fabrication had been completed with the Department of Petroleum Resources (DPR) and company representatives witnessing the Factory Acceptance Test (FAT) in China which lasted for over a month.”
According to the GM, when completed, the project will supply daily about 60-metric-tonnes of LPG (cooking gas) to the domestic market. The plant works on a hybrid system and consists of four major processes – compression, dehydration, refrigeration, and hydrocarbon separation.
Meanwhile, the Chairman of the company, Prof. Anthony Adegbulugbe, confirmed that GEIL has always highlighted the importance of delivering reliable and affordable energy to the world without jeopardising environmental and social excellence.
He continued that it is a commitment to this sustainable culture that propelled the company to prioritise, plan and implement the development of associated gas reserves in parallel with the oil reserves; “A very typical strategy that clearly separates us from our peers in the industry”.
Adegbulugbe further expressed satisfaction in the progress the company has made in its efforts to ensure the green-house effect is terminated in GEIL operations.
He said: “We will continue to strive to position our company as one of the elites to deliver the energy the world deserves through a powerful combination of capital efficiency, low costs and sustainable development.
“Contrary to extant and widely accepted industry belief, GEIL has been able to achieve these fascinating results without jeopardising traditional and critical financial key performance indicators that organizations use to track, measure, and analyze the financial health of organisations,” says the chairman.
For Adegbulugbe, the company’s indisputable metrics has demonstrated that its unique underlying framework for success has delivered financial sustainability to its stakeholders that is competitive not only with our direct E&P peers, but the broader market.
In terms of sustainable development, he outlined, it is safe to admit that GEIL is surely ahead of the pack. “It is a Company that has intentionally chosen the path least travelled and have emerged as an undisputed leader amongst our peers,” he described.
Speaking on safety performance, the company’s HSE GM, Mr. Chuks Igbokwe affirmed that GEIL has developed and implemented its own programme, hence, its ‘Life-Saving Actions and Barrier Checks’ in all its areas of operations.
“These Life-Saving Actions are meant to draw attention to activities that could most likely lead to a fatality and implement¹ the critical, life-saving actions over which an individual has control.
“This approach is in line with the company’s established and enduring core beliefs at GEIL, that safety is not the absence of incidents, but rather it is the presence of defenses.”
