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GE Oil & Gas Technology to Promote Flare Gas Utilization - GE Technology at the Verkhnechonsk Oil and Gas Field in Siberia enables increasing the associated oil gas utilization volume (NYSE: GE)
GE Oil & Gas Technology to Promote Flare Gas Utilization

 

NewswireToday - /newswire/ - Florence, Italy, 2012/01/30 - GE Technology at the Verkhnechonsk Oil and Gas Field in Siberia enables increasing the associated oil gas utilization volume (NYSE: GE). NYSE: GE

   
 
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GE Oil & Gas will supply an associated gas utilization technology to TNK-BP’s Verkhnechonsk oil and gas field in Eastern Siberia. The project calls for gas re-injection into an underground storage for further reuse. TNK-BP is Russia's third largest oil producer and among the 10 largest private oil companies in the world.

Under that project, GE will provide a PGT25 gas turbine and three compressors, which will enable TNK-BP to increase the associated oil gas utilization volume in line with the current legislation that stipulates a utilization level of at least 95 percent.

According to Denis Pyalov, regional manager for GE Oil & Gas,“This is an excellent example of how GE technology can reduce emissions and mitigate impact on the environment.”

Alexander Sleptsov, director of TNK-BP’s Department for Gas Projects said,“The project is implemented within the framework of TNK-BP’s program for increasing the useful utilization level of associated petroleum gas to 95 percent. Part of the associated gas from the crude oil separation process will be used within the facility as fuel gas, while the remaining gas will be re-injected into our underground storage. We also assume that in a few years, once Gazprom organizes gas supplies from the Chayandino field, we will be able to supply gas to customers.”

The Verkhnechonsk project underscores a growing trend in Russia to reuse gas that otherwise would be flared into the atmosphere or wasted. Not only do these projects support the government’s push to reduce flare gas, they also enable oil and gas companies to waste less gas, sell more and reduce the environmental impact of their activities. The new compression train is scheduled to enter commercial service in the summer of 2013.

GE has been operating in Russia since the early 20th century and today has 2,500 employees in the country. GE is represented across the country in multiple industries including healthcare, transportation, aviation, electric power, oil and gas, water treatment, financial services, media, appliances, lighting and intelligent platforms.

Since March of 2008, GE’s MS5002E gas turbines have been manufactured, tested and sold in Russia as LADOGA 32 units, under a technology transfer and localization licensing agreement between GE and REP Holding. In 2010, GE opened an Energy Technology Center located in Russia’s Kaluga Region, which is manufacturing and servicing advanced power generation equipment throughout the region. In September of last year, GE signed a joint venture with INTER RAO UES and UEC to localize production of GE’s 6FA heavy duty gas turbines in Rybinsk, Russia.

About GE
GE (ge.com) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works.

GE also serves the energy sector by providing technology and service solutions that are based on a commitment to quality and innovation. The company continues to invest in new technology solutions and grow through strategic acquisitions to strengthen its local presence and better serve customers around the world. The businesses that comprise GE Energy—GE Power & Water, GE Energy Management and GE Oil & Gas—work together with more than 100,000 global employees and 2010 revenues of $38 billion, to provide integrated product and service solutions in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; as well as other alternative fuels and new grid modernization technologies to meet 21st century energy needs.

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Ken Darling, Masto Public Relations
P: +1 518 786 6488 / E: kenneth.darling[.]ge.com.

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GE Oil & Gas Technology to Promote Flare Gas Utilization

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