PE Vitality unveils new expertise to finish fuel flaring, enhance oil production
PE Vitality Restricted, a number one power providers firm has unveiled a brand new expertise, Multi-phase Pump and Methods to finish fuel flaring and enhance oil production in Nigeria.
The brand new expertise was unveiled in Lagos on Tuesday, February 4, 2025, at an oil and fuel seminar organised by the corporate at the side of ITT Bornemann GmbH below the theme “Eliminating Gasoline Flaring and Lowering CAPEX in Production Fields; A Sustainable Method”.
Talking throughout an interview with journalists, the Chairman, PANA Holdings/Group Chief Government Officer, PE Vitality Restricted, Dr. Daere Akobo, famous that the seminar was facilitated to introduce new expertise to grease and fuel exploration corporations that may be deployed to fight carbon and methane emission, improve effectivity by elevated oil production and meaningfully contribute to the web zero goal.
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L-R: Vice President, AKD Digital Options, Mr. Ronak Patel; International Product Specialist, Midstream & Downstream, ITT Bornemann GmbH, Mr. Rene van Scholl; Chairman, PANA Holdings/Group CEO, PE Vitality Restricted, Dr. Daere Akobo; International Product Supervisor, Oil & Gasoline, , ITT Bornemann GmbH, Mr. Jeroen Olde Monnickhoff; Vice President, PE Vitality Restricted, Mrs. Daisy Maduagwu and Group Vice President, PANA Holdings, Mr. Lalit Zavar throughout a seminar on fuel flaring elimination and CAPEX discount for oil and fuel gamers organized by PANA Holdings at the side of ITT Bornemann GmbH in Lagos not too long ago.
In response to Akobo, the deployment of the brand new expertise in production fields will result in environmental stewardship, an improved social well-being of the folks, and assist President Bola Tinubu’s coverage of methane emission discount that will finally assist in lowering the price of oil production.
He careworn the necessity for stakeholders to pay pressing and sustained consideration to fuel flaring contemplating the truth that it has turn into an enormous environmental hazard. He saluted the braveness of each previous and current administration in growing Nationwide Gasoline Coverage 2020 which might assist to advertise the transition from flaring to annexing the flares but additionally make sure that flare is commercialized.
Additionally talking, the International Product Supervisor, Oil & Gasoline, ITT Bornemann GmbH, Mr. Jeroen Olde Monnickhoff, defined that the Multi-phase Pump and System is pivotal in lowering fuel routine flaring for upstream surroundings and boosting oil production within the area.
Monnickhoff famous that the deployment of the expertise would scale back the routine flaring within the area by capturing the fuel and boosting it downstream to the production facility, concurrently lowering air stress main to extend in oil production.
He disclosed that the expertise has been deployed in several markets to ship initiatives for oil and fuel gamers globally. He charged business gamers to subscribe to the expertise noting it was extra useful than flaring fuel given the penalties connected or well being hazard it creates.
