Green Energy Plans Crude Production Expansion to 25,000bpd, to Invest $750m
Set to inaugurate 12mmscfd LPG plant by year end
Green Energy International Limited (GEIL), one of the marginal oilfields operators in Nigeria, at the weekend disclosed that it plans to expand its current crude oil production capacity to 25,000bpd in the second phase of the development of its asset.
Speaking at the company’s exhibition and end of year party in Abuja, Chairman of the oil firm, Prof. Anthony Adegbulugbe, stated that part of the plan is also to officially open a 12MMSCFD modular Liquefied Petroleum Gas (LPG) extraction plant and 6MW power generating plants by the end of Q4, 2022.
He noted that in terms of field development, Green Energy had established that the conventional approach of piping gas from a remote field needed to be replaced with a less orthodox technique.
By achieving this, Adegbulugbe stated that the company succeeded in eliminating the need for expensive pipeline and compression since the gas utilisation facility is located within the field.
Furthermore, he explained that a modular, scalable option with a small footprint plant that is quick to deploy and easy to relocate remains the most preferred associated gas utilisation solution for stranded and small fields.
“I am very excited about our next phase of expansion which is to take the field's production to 25,000 bpd. Our previous track record of delivering on our goals through meticulous planning and excellent execution gives me immense confidence to embark on this.
“I am pleased to let you know that we are on track to commissioning the 12MMSCFD modular LPG extraction plant and 6MW power generating plants by the end of Q4 2022.
“This scale of modular LPG plant will be the first to be installed in the country; an achievement that demonstrates we are undaunted by hitherto serial number one exploits.
“It is our intention to showcase this success within the industry as our contribution to ameliorating the perennial associated gas flares that have bedevilled the several stranded pockets of oil fields in the Niger Delta, thus supporting our government's aspiration of combating this malaise,” Adegbulugbe stressed.