The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mr. Gbenga Komolafe, has announced plans to capture up to 250 million cubic feet of gas flares daily to reduce emissions in the upstream petroleum sector.
Speaking at the ongoing 42nd Annual International Conference and Exhibition of the Nigerian Association of Petroleum Explorationists (NAPE) in Lagos, Komolafe stated that Nigeria has continued to flare gas and that between 2012 and 2022, Nigeria flared an estimated 80 billion standard cubic metres of gas worth about N9tn as part of its oil production process.
According to Komolafe, the NUPRC has prioritised decarbonisation efforts through the Nigerian Gas Flare Commercialisation Programme, “aiming to capture 250 million cubic feet per day of gas flares and significantly reduce emissions.”
Komolafe called for a collective approach to address Nigeria’s energy trilemma of security, affordability, and sustainability.
While commending NAPE members for their contributions to Nigeria’s oil and gas sector, he emphasised that technological advancements have bolstered the industry and the economy.
Highlighting the energy challenges, he reiterated the Nigerian government’s commitment to creating an investor-friendly environment that enables energy independence.
GIK/APA