Business
Heirs Oil & Gas doubles gas production capacity of OML 17
Heirs Oil & Gas, Africa’s integrated energy company says it has doubled gas production capacity of its OML 17 facility.
This is just as reaffirmed its commitment to the elimination of routine flaring from the facility by 2025, in compliance with the Nigerian government’s routine Flare Reduction/Elimination goal and global greenhouse gas reduction initiatives.
According to the company, the move is an important aspect of its recommitment to both national and global environmental, sustainability and governance (ESG) best practices in view of its upcoming operational 1-year anniversary.
Chief executive officer, Heirs Oil & Gas, Osa Igiehon, in a comment, laid out the steps being taken by the organisation to ensure the implementation of the plans to meet the commitment.
“Decades of underinvestment in the asset cannot be corrected in a few months, since taking over the asset, we have been working arduously on this objective with the execution of flare reduction projects such as follows: AGG (Associated Gas Gathering) compressor uptime improvement, Facility upgrades, provision of gas gathering solutions and Facility off-gas utilisation initiatives,” he stated.
In line with the set objectives, since the acquisition, HHOG have more than doubled the gas production capacity of OML-17 from 50 to 120 mmscfd within the short period we have operated this asset. All this gas goes into the eastern Nigeria domestic gas market to enhance power generation and create the much-needed feedstock for gas-based industries, sustaining & creating jobs and improving lives.
On the social front, HHOG continues to make meaningful contributions towards improving the livelihoods of Africans. We believe that understanding and addressing the interests of our host communities is critical for achieving success in our operations. We continuously seek opportunities to create a positive impact through community infrastructure development and empowerment initiatives.
As a leading indigenous operator, HHOG remains committed to making a positive impact in Nigeria, Africa, and the world at large.
Heirs Oil & Gas is a leading African, indigenous owned, integrated energy company, headquartered in Nigeria, whose assets include Nigerian oil block OML 17, with a current production capacity of over 30,000 barrels of oil equivalent per day and 2P reserves of 1.2 billion barrels of oil equivalent, with an additional 1 billion barrels of oil equivalent resources of further exploration potential
