28 November 2011, Sweetcrude, Lagos – Nigeria National Pertoleum Corporation (NNPC) says gas flare in the country has reduced significantly and stands at 19.54 per cent.
The development was attributed to increased utilisation of gas for power generation, export and industrial applications.
According to the latest edition of Monthly Petroleum Information (MPI) from the NNPC obtained by News Agency of Nigeria (NAN) in Eket, 197.62 Billion Standard Cubic Feet (BSCF) of gas was produced while 159.02 BSCF was utilised.
The MPI was Published on NNPC’s web portal on November 1, 2011.
A total of 38.60 BSCF about 19.5 per cent of total gas production were flared at the oil fields in onshore and offshore oil fields in Nigeria.
Also 83,768 Metric Tons of Natural Gas Liquid (NGL) was produced by both the Joint Venture and Production Sharing Companies in the Oil and Gas sector for the period under review.
Mobil Producing Nigeria (MPN) which operates a joint venture with NNPC accounted for 51 per cent (42,271 MT) while NNPC was credited with 49 per cent (41,047MT) of the volume.
According to the Petroleum statistics, MPN flared 6.2 BSCF, about 20.7 per cent of its total associated gas.