Nigeria has revealed plans to reduce gas flaring to two per cent from the current 11 per cent by 2014
At the 2013 Nigeria Oil and Gas conference taking place from 18-21 February in Abuja, the Nigerian minister of petroleum resources, Diezani Alison-Madueke, said, “The intention of government through our gas industrialisation programme and other measures put in place is to ensure that gas flare is reduced to two per cent in 2014 in order to meet international best practice.”
According to Alison-Madueke, Nigeria has already succeeded in reducing gas flaring to less than 11 per cent compared to 30 per cent in 2010.
Alison-Madueke added that, in the last 12 months, the upstream sub-sector maintained a production of 2.4mn bpd, as well as increasing gas production.
The decision to boost the Nigerian Petroleum Development Company (NPDC) to a medium-sized oil and gas company had yielded good results in the last two years, she said.
The petroleum minister added that through the support given to the NPDC, production capacity had increased from 50,000 bpd to 140,000 bpd in 2012.
