Akwa-Ibom - Three major oil firms, Mobil Producing Nigeria (MPN), Agip and Chevron led the gas flare chart in the oil industry for the month of February 2012, a report says.
The latest edition of Monthly Petroleum Information published by the Nigerian Nation Petroleum Corporation (NNPC) issued in Eket on Sunday, stated that Mobil, Agip and Chevron came first, second and third respectively.
The publication noted that MPN, an ExxonMobil subsidiary, flared 10.60 billion standard cubic feet of gas into the atmosphere in February and 9.85 billion standard cubic feet of gas in January.
MPN, the operator of the Qua Iboe oil fields, off Akwa Ibom coastline, produced a total of 35,07 billion cubic feet of gas , used 25.05 billion cubic feet to fuel its operations and sell the rest to industrial users.
Chevron, a US energy firm, flared 8.52 billion cubic feet of gas to the atmosphere out of the 21.38 billion cubic feet of gas produced under its joint venture category.
However, the energy firm utilised 12.85 billion cubic feet of its gas production.
Nigeria’s Agip Oil Company came third on the table of gas flare volume with 7.5 billion cubic feet of gas flared in February 2012 from the 38.69 billion cubic feet it produced.
Agip, however, used 29.05 billion cubic feet of gas for power generation and sell to third parties to stabilise oil production.
According to the report 45.17 billion cubic feet of gas (about 21.93 per cent of total production) was flared in onshore and offshore oil fields in Nigeria in the month under review.
The total gas production from oil fields in the country in February stood at 206.02 billion cubic feet.
The publication also showed that MPN produced a total of 91,806 tonnes of Natural Gas Liquids also known as condensate from the oil firm’s 1.3 billion Dollar East Area Natural Gas to Liquids facility located off Akwa Ibom coastline.
The MPN, operator of the NNPC/MPN joint venture received 46,821 tonnes, while NNPC got 44,985 tonnes of the condensate.
A total of 81,012 tonnes of condensate was lifted for export from the Qua Iboe export terminal in February 2012, the publication added.
Gas flare rate rose from 14 per cent in January to 22 per cent in February.