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Gas Development. A success story
|Gas Development. A success story by albertvictor: 4:42 am On August 7, 2018|
By Udeme AKPAN
Jeffery Ewing, (Chevron )
In Nigeria, Chevron Nigeria Limited (CNL), operators of the joint venture between the Nigerian National Petroleum Corporation (NNPC) and CNL ranks high among some corporate bodies that play leading role in gas development in the country. In February 2018, at the Nigerian International Petroleum Summit (NIPS), in Abuja, Chevron received an award as the highest contributor of domestic gas in Nigeria.
At the summit, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, commended CNL’s efforts in supporting the Federal Government’s gas development objectives.
Chairman/Managing Director of CNL, Mr. Jeff Ewing, explained that CNL has contributed immensely to the Nigerian government’s gas master plan through the various gas projects it has embarked on and that the company is the highest contributor of high quality gas to the domestic market in Nigeria.
Jeff noted that through investments in gathering and processing of associated gas, routine flaring has been reduced by over 90per cent from 2008 to 2017 in CNL’s operations. According to him, “amidst the growing global trend in gas production and utilisation, the expectations for the gas sector in Nigeria remain high and provide opportunities for investment in the sector.
The opportunities include: (1) transitioning from an oil based economy to a more integrated oil and gas economy and end routine gas flaring, (2) deliberate exploration for non-associated gas to support the Nigeria Gas Master Plan, with a focus on high liquid yield non-associated gas resources to optimise the gas development project economics, and (3) the growth of new industries made possible from the abundant resources and competitively priced gas supply.
He stated that the EGP gas gathering and processing facilities placed CNL as one of the pioneers in creating a practical and economic solution for gas flaring in the Nigerian oil and gas industry.
“The gas gathering, and processing projects involved stripping liquids from rich gas and creating a new revenue s****m for the nation from the sale of the liquids”, he stated.
The gas gathering and processing facilities strip liquids from rich gas, creating additional revenue s****m for the nation from the sale of the liquids.
The strategy, said the Chairman/Managing Director, includes: ending routine gas flaring; boosting domestic supply diversifying and commercialising gas resources through Gas-Based Industries such as its Escravos Gas-to-Liquid (EGTL) Plant.
CNL is optimistic about the future of oil and gas business in Nigeria as the opportunities are enormous. As Ewing emphasized: “Chevron has a long commitment to Nigeria. The company has been making significant investments in the country for over 50 years and it expects to do so for many more years to come. With the right policies, the enormous potential of Nigeria’s oil and gas sector can yield even greater benefits.”
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