Follow Us on Google
PE Energy Limited has launched a new technology; Multi-phase Pump and Systems, designed to put an end to gas flaring while significantly enhancing oil production across Nigeria.
The technology was officially introduced on Tuesday, February 4, 2025, during an enlightening oil and gas seminar in Lagos. The event, organised by PE Energy in partnership with ITT Bornemann GmbH, was held under the theme “Eliminating Gas Flaring and Reducing CAPEX in Production Fields; A Sustainable Approach.” It served as a platform to highlight innovative solutions for achieving both environmental sustainability and operational efficiency.
Dr. Daere Akobo, Chairman of PANA Holdings and Group Chief Executive Officer of PE Energy Limited, spoke to journalists, explaining that the seminar was designed to introduce the new technology to oil and gas exploration companies. He emphasized the technology’s capacity to reduce carbon and methane emissions, enhance operational efficiency, and play a vital role in the global push for net-zero emissions.
Akobo further elaborated that the integration of this cutting-edge technology into production fields would lead to improved environmental stewardship, better quality of life for local communities, and support President Bola Tinubu’s ambitious methane reduction policies, which would, in turn, drive down oil production costs. He stressed the urgent need for stakeholders to address the growing environmental threat posed by gas flaring and commended both past and present administrations for their forward-thinking National Gas Policy 2020.
The policy aims to shift from flaring to capturing and commercializing gas, offering a more sustainable approach to the energy sector.
In his address, Mr. Jeroen Olde Monnickhoff, Global Product Manager for Oil & Gas at ITT Bornemann GmbH, highlighted the importance of the Multi-phase Pump and System in mitigating routine gas flaring in upstream environments while boosting oil production. He explained that the technology captures and boosts gas downstream to production facilities, simultaneously reducing air pressure, which leads to increased oil output.
Monnickhoff also shared that the technology has been successfully deployed across global markets, delivering impactful results for oil and gas companies worldwide. He urged industry stakeholders to embrace this technology, noting that its benefits far outweigh the penalties and health hazards associated with flaring.
