NNPC Ltd/First E&P JV Cuts Gas Flares By 96% In Compliance With Paris Agreement
The Nigerian National Petroleum Company Ltd and First Exploration & Petroleum Development Company Limited (First E&P) Joint Venture (JV) have reduced routine gas flaring for its JV assets by 96 per cent, reflecting the state-owned company’s commitment to the Paris Agreement.
NNPCL made the disclosure on Thursday in a statement signed by the Chief Corporate Communications Officer, Olufemi Soneye.
The assets where the reduction in Associated Gas (AG) was achieved are the Anyala (OML 83) and Madu (OML 85) fields.
NNPC Ltd said the feat reflects a “Significant stride towards supporting Nigeria’s commitment to reducing greenhouse gas emissions by 20 per cent unconditionally and 47 per cent conditionally, as stipulated in the Nationally Determined Contributions under the Paris Agreement.
“This remarkable milestone was attained through the implementation of an AG reinjection strategy into a designated underground storage reservoir at the Madu field, situated in OML 85, offshore Bayelsa State. The initiative ensures that gas, which would have otherwise been flared, is now safely stored, significantly mitigating environmental impact.”
The oil giant said the reduction in Associated Gas flaring aligns with the regulatory framework set forth by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
NNPC said it also underscores the JV’s compliance with national environmental standards and global best practices.
Reacting to the development, the Group Chief Executive Officer of NNPC Ltd, Mr. Mele Kyari reiterated the company’s commitment to environmental sustainability.
Kyari said the state-owned company operates based on global best practices.
The GCEO said, “This achievement underscores our commitment to leveraging resources responsibly and optimising production to meet energy needs and sustainability goals. It reflects our commitment to aligning our operations with global standards and environmental best practices.”
The MD/CEO of FIRST E&P, Ademola Adeyemi-Bero assured that the companies will continue to partner to contribute to sustainable energy for Nigerians and the world.
He said the JV remains focused on commercialising the stored gas and other stranded gas resources within the Niger Delta.
“This milestone reflects our unwavering commitment to environmental sustainability and responsible energy production. By substantially reducing our carbon footprint, we are contributing to a sustainable energy future that benefits both the environment and the communities we serve,” said Adeyemi-Bero.
NNPC Ltd/First E&P JV Cuts Gas Flares By 96% In Compliance With Paris Agreement is first published on The Whistler Newspaper
