The FINANCIAL -- GE Oil
& Gas will supply an associated gas utilization
technology to TNK-BP’s Verkhnechonsk oil and gas field in Eastern
Siberia, according to General Electric Company .
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.
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.
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