05 August 2018, Sweetcrude, Lagos — The Department of Petroleum Resources, DPR, says it issued ten licences and approval for development of gas production and processing facilities in 2017.
According to the agency, the move culminated in the commencement of the operation of the plants.
“We actively supported the implementation of a major gas commercialisation programme, which seeks to create a regulatory framework to facilitate gas flare monetisation to end gas flaring by 2020,” the DPR said in report made available at a workshop in Lagos.
The agency also said in the report that it facilitated improved cooking gas penetration with local consumption growing from 390,000 metric tons to 470,000 metric tons with a potential to hit 500,000 metric tons milestone.
“We increased national gas reserve base from 192.07 trillion cubic feet to 197.74 trillion cubic feet representing 3.5 per cent increase over the preceding year.
“We increased operator compliance on National Production Monitoring System (NPMS) by commencing the upgrade of the NPMS to real time data captured in 26 crude oil terminal locations.
“This improved the efficiency in the administration of crude oil export and production accounting,” the agency further stated.
