Petroleum Africa
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Thursday, September 14, 2017
Nigerian indigenous firm, Belema Oil Producing Ltd, plans to end gas flaring in its host communities in 2019. At a forum to introduce its operations model to host communities the company’s MD, Boma Brown, revealed Belema’s plans.
Brown said that gas flaring had deprived the country of huge revenue, polluted oil producing areas and depleted the ozone layer. He went on to say that his company was now ready to harness its flared gas to generate more revenue.
“We have already set up a team to monetize our gas which is basically to turn the gas presently flared into revenue as part of our business model.The company is currently speaking and engaging stakeholders with a focus to ending gas flaring in five oil fields in Idama, Robertkiri, Jokka, Inda and Belema-Belema North, all in Kula (Rivers).We have already started the framework by carrying out the projects that we have earmarked to stop gas flaring before the end of 2019,” he said.
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