Nigeria may revoke permits for untapped gas flare sites
Summary and headline written by AI from the source article. How we work
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) warned companies that received permits to utilize gas flare sites they may lose those permits if they do not demonstrate sufficient progress in using them.
NUPRC Chief Executive, Oritsemeyiwa Eyesan, shared this information during a meeting with Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, in Abuja, Nigeria. Eyesan explained the commission evaluates projects one year after awarding permits and will revoke awards where companies haven’t made considerable progress.
NUPRC originally identified 43 gas flare sites for award, and has so far successfully awarded 27 of those locations. The program aims to reduce gas flaring and instead convert the gas into useful products and services. Nigeria holds over 215 trillion cubic feet of proven gas reserves, with an estimated total reserve base of about 600 trillion cubic feet, providing a base for economic development.
Beyond flare gas, Eyesan also reported on the success of Host Community Development Trusts, established by the Petroleum Industry Act. These trusts have led to reductions in oil theft and spills, and have funded over 1,001 projects in host communities across Nigeria. Minister Ekpo urged aggressive implementation of gas commercialisation programs to eliminate routine gas flaring by 2030.
