Nigerian Oil Companies Look to Monetize Gas and Reduce Flaring

Nigeria’s state oil firm NNPC and local producer Heirs Energies have signed a deal to capture and use the gas flared at their onshore OML 17 joint venture in a bid to monetize the resource and reduce flaring.  Heirs Energies and NNPC have signed the so-called Gas Flare Commercialisation Agreements under the Nigerian Gas Flare Commercialisation Programme (NGFCP).  Under the deal, the companies will capture the gas flared across OML 17 and deploy it for use in power generation, industrial applications, liquefied petroleum gas (LPG),…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com