Russia’s JSC Globotek Holdings has announced securing a 10-year contract from UK company Energy Network Limited to construct Associated Petroleum Gas – APG, plants in the hydrocarbon-rich Niger Delta region of Nigeria. APG is a byproduct produced during crude-oil extraction.
Under the terms of the agreement, Globotek Holdings will build an APG plant every year of the ten year partnership, where upon completion, each APG facility is expected to add around $10 million in revenues – So over the 10-years, revenue is expected to top $100 million.
Energy Network chose Globotek to build the APG plants due to its patented technology where its block modular mobile infrastructure is easy to construct, install and operate. These block modular structures contain small gas-processing facilities which can be used in any environment. Plus, the capital expenditure and cost of operations is much less than other technologies. Project implementation is fast, together with a quick return on investment.
Drilling will be carried out in the fields, and the APG will then be processed by the mini-gas units in the modular structures.
Due to the lack of infrastructure and gas-processing facilities, Nigeria has been forced to flare more than 75% of its APG – the process of burning-off surplus combustible vapours from a well, either as a means of disposal or as a safety measure to relieve well pressure – but the most significant source of air emissions from offshore oil and gas installations.
Nigeria is currently the second-largest gas-flaring country after Russia – accounting for nearly 12.5% of global gas flaring – then again, Nigeria is among the top 10 biggest oil and gas markets in the world.
Source: industrialinfo.com
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