Page 10 - AfrOil Week 46 2022

AfrOil POLICY AfrOil

Later, Quinn used the plan to make a deal with anything from Tita-Kuru,” the company’s
the national oil company, then known as Nige- majority shareholder, Seamus Andrew, told
rian National Petroleum Corp. (NNPC). Bloomberg by email.
In a 2019 letter to Nigeria’s anti-corruption As well as the Tita-Kuru case, P&ID must
agency, Tita-Kuru claimed that P&ID used also deal with an appeal filed by Nigeria, which
work that cost $40mn to produce. “P&ID firmly hopes to overturn the multibillion-dollar arbi-
denies that it unlawfully misappropriated tration award from 2017. ™

PROJECTS & COMPANIES
Bechtel-led coalition wins contract to

study eliminating gas flaring at Idku LNG

EGYPT SHELL (UK), the operator of the Egyptian LNG Resources is supporting the study within the
(ELNG) plant, has awarded a US-led coalition a framework of its own wider efforts to work with
contract for a feasibility study on the decarbon- the Coalition for Decarbonisation to reduce the
isation of its 7.2mn tonne per year (tpy) facility emissions intensity of the country’s oil and gas
in Idku. industry and to implement the government’s
Bechtel (US), the leader of the Coalition for climate strategy, Bechtel said. It also noted that
Decarbonisation, said in a statement on Novem- Egypt’s LNG sector was expected to make a
ber 11 that the parties had signed the contract significant contribution to European energy
at a ceremony hosted by Egypt’s Minister of security under a trilateral memorandum of
Petroleum and Mineral Resources, Tarek El understanding (MoU) signed between the EU,
Molla. The signing ceremony was one of the Egypt and Israel earlier this year.
Decarbonisation Day events marked during the Bechtel joined forces with several other
COP27 international climate summit in Sharm organisations – the National Bank of Egypt, the
El Sheikh, Egypt, it noted. state-controlled Egyptian oilfield service pro-
The statement did not reveal the monetary viders (OSPs) Enppi and Petrojet, the US-based
value of the contract. However, it explained that OSP Baker Hughes, the US-based industrial
the Coalition for Decarbonisation had been conglomerate GE and the UK-based financial
tasked with studying options for completely services firm HSBC – earlier this year to estab-
eliminating all routine gas flaring at the ELNG lish the Coalition for Decarbonisation. The
facility through modifications to existing flare group was formed to help make technology,
and compression systems. The goal of the study financing and expertise available for decarboni-
is to develop a plan for reducing methane emis- sation projects in Egypt.
sions from the plant, in line with the Methane “I am so proud that Egypt’s oil and gas sec-
Global Pledge signed by Egyptian President tor is contributing significantly to achieving
Abdel Fattah El-Sisi in June 2022, it said. top strategic goals and priorities: accelerating
Additionally, it said that the coalition had decarbonisation and applying state-of-the-art
agreed to fast-track work on the study so that the technologies and solutions in this domain,” El
project could move to the front-end engineering Molla said on November 11. “I am pleased that
and design (FEED) stage by early next year. the sector is collaborating with our partners to
“The project is a testimony to the operational take such initiatives and promote these priori-
excellence of the ELNG plant,” it added. “Reduc- ties.” ™
ing greenhouse gas [GHG] emissions and opti-
mising fuel consumption and running hours of
the rotating equipment will enhance production
and reduce operating cost.”
“This initiative is an important part of
ELNG’s continuing efforts to deliver opera-
tional improvements for our two LNG trains,”
commented Mohamed Elbahnasy, the CEO
of ELNG. “Flare reduction and recovery will
reduce our greenhouse gas emissions and opti-
mise fuel consumption and [the] running hours
of our rotating equipment, to enhance produc-
tion and reduce operating costs.”
Egypt’s Ministry of Petroleum and Mineral Shell aims to move the project to FEED stage by early 2023 (Photo: ELNG)

P10 www. NEWSBASE .com Week 46 17•November•2022