PE Energy unveils new technology to end gas flaring, boost oil production in Nigeria
PE Energy Limited, a leading energy services company has unveiled a new technology, Multi-phase Pump and Systems to end gas flaring and boost oil production in Nigeria.
The new technology was unveiled in Lagos on Tuesday, 4 February, 2025 at an oil and gas seminar organised by the company in conjunction with ITT Bornemann GmbH under the theme “Eliminating Gas Flaring and Reducing CAPEX in Production Fields; A Sustainable Approach”.
Speaking during an interview with journalists, the Chairman, PANA Holdings/Group Chief Executive Officer, PE Energy Limited, Dr Daere Akobo, revealed that the seminar was facilitated to introduce new technology to oil and gas exploration companies that can be deployed to combat carbon and methane emission, enhance efficiency through increased oil production and meaningfully contribute to the net zero target.
Dr Akobo highlighted that the deployment of the new technology in production fields will bring about environmental stewardship, an improved social well-being of the people, and support President Bola Tinubu’s policy of methane emission reduction that would eventually help in reducing the cost of oil production.
He harped on the need for stakeholders to pay urgent and sustained attention to gas flaring considering the fact that it has become a big environmental hazard.
He lauded the courage of both past and current administration in developing National Gas Policy 2020 which would help to promote the transition from flaring to annexing the flares but also ensure that flare is commercialized.
The Global Product Manager, Oil & Gas, ITT Bornemann GmbH, Mr Jeroen Olde Monnickhoff, stated that the Multi-phase Pump and System is pivotal in reducing gas routine flaring for upstream environment and boosting oil production in the field.
Monnickhoff explained that the deployment of the technology would reduce the routine flaring in the field by capturing the gas and boosting it downstream to the production facility, simultaneously reducing air pressure leading to increase in oil production.
He also revealed that the technology has been deployed in different markets to deliver projects for oil and gas players globally.
He encouraged the industry players to subscribe to the technology, stressing that it was more beneficial than flaring gas given the penalties attached or health hazard it creates.
About PE Energy Limited
It is a total solution provider, powered by our Life Cycle Model.PE energy brings its seal of excellence across Flow Drive, Flour Measurement and Management, Flow Control and Supply Chain Management while always being at the forefront of domesticating value adding operations and innovation. From Factory Acceptance Test (FAT) to complete Overhaul and Recertification, Upgrading, Assembling and Manufacturing of critical components.
About IIT Bornemann
It is a market-leading provider of multiphase pumping systems for the oil and gas industry, and also serves the petrochemical / refinery, marine, chemical, and hygienic industries. For over a decade, it has been offering numerous groundbreaking pump solutions. It provides a wide range of pump solutions for thin liquid, high viscosity fluids, and aggressive substances.
