Green Energy International Limited (GEIL), the operator of the Otakikpo marginal field in OML-11, located approximately at 60km south-east of Port Harcourt in the Rivers State, has said that it will commission the 12 MMSCFD modular Liquefied Petroleum Gas (LPG) extraction plant and 6mw power generating plants at the Otakikpo marginal field in the second quarter (Q2) of this year.
When completed, the project will supply about 60-metric-tonnes of LPG (cooking gas) to the domestic market daily. The plant works on a Hybrid System and consists of four major processes of compression, dehydration, refrigeration, and hydrocarbon separation.
Green Energy’s projects general manager, Johnson Akinyemi, said the Otakikpo Marginal Field extraction and power plants project is aimed at eliminating gas flaring, industrializing the host community by using the gas to generate energy to the benefit of both the host community and Nigeria in general.
The GM who issued a statement on Sunday, said that contrary to extant and widely accepted industry belief, Green Energy International Limited has been able to achieve fascinating results without jeopardizing traditional and critical key financial performance indicators that organizations use to track, measure, and analyze the financial health of organizations.
Akinyemi further explained that “GEIL has always emphasized the importance of delivering reliable and affordable energy to the world without jeopardizing environmental and social excellence.
“It is a commitment to this sustainable culture that propelled the company to prioritize, plan and implement the development of associated gas reserves in parallel with the oil reserves; a very atypical strategy that clearly separates us from our peers in the industry,” he said.
He said the company is satisfied with the progress it has made in its efforts to ensure the green-house effect is eliminated completely in GEIL operations.
“We will continue to strive to position our company as one of the elite companies to deliver the energy the world deserves through a powerful combination of capital efficiency, low costs and sustainable development.
“The company’s undisputable metrics has demonstrated that its unique underlying framework for success has delivered financial sustainability to its stakeholders that is competitive not only with our direct E&P peers, but the broader market.
“In terms of sustainable development, it is safe to admit that Green Energy International Limited (GEIL) is surely ahead of the pack. It is a company that has intentionally chosen the path least traveled and have emerged as an undisputed leader amongst our peers,” the company’s boss said.
The company said it has developed and implemented its own program “Life-Saving Actions and Barrier Checks” in all its area of operations. “These Life-Saving Actions are meant to draw attention to activities that could most likely lead to a fatality and implement the critical, life-saving actions over which an individual has control.”
He stressed that the approach is in line with the GEIL’s established and enduring core beliefs that safety is not the absence of incidents, but rather it is the presence of defenses.
He informed that the project would be the first to be installed in the country. According to him, the plan is to showcase the success of the project to other industry players and the government as one of its contributions to eliminating associated gas flares in Nigerian oil fields.
By Sunday Elom
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