Tuesday, April 13, 2010

Nigeria: Oil Firms Flare 127 Billion Cubit Feet of Gas Quarterly -NNPC

Oil companies operating in the country have flared an average of 127.19 Billion Standard Cubic Feet (BSCF) of Gas per quarter, the Nigeria National Petroleum Corporation (NNPC), has said.

The latest edition of NNPC's quarterly Petroleum Information obtained on Sunday in Eket, said 32 percent of associated gas produced was flared, while 267.08 BSCF of gas was utilised in the past quarter under review.

Under the Joint Venture Funding Category, Mobil Producing Nigeria, flared 40.98 BSCF out of its total gas production of 116.65 BSCF, followed by Total Exploration and Production that flared 18.90 BSCF out of its production of 77.14 BSCF of gas.

In the Production Sharing Contract category, Addax flared 10.32 BSCF, representing 71.14 percent of its gas production put at 13.03 BSCF.

It was followed by Esso, an affiliate of Mobil Producing which flared 9.73 BSCF, 46.67 percent out of its gas production of 20.85 BSCF of gas.

The Quarterly indicated that total gas production in the industry stood at 394.28 BSCF out of which 267.08 BSCF was utilised in the country in the last quarter.

The country produced a total of 329,100 metric tons of Natural Gas Liquids from Mobil's gas to liquid condensate plant out of which 49 percent or 161,260 metric tons accrued to NNPC as its joint venture share. (NAN)

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