Egyptian General Petroleum Corporation and Baker Hughes Partner To Reduce Emissions From Flaring Operations
CAIRO, JULY 12, 2022 / 3BL Media / – Baker Hughes and Petrosafe, a subsidiary of the Egyptian General Petroleum Corporation (EGPC), today announced a contract that will mark the first deployment of Baker Hughes’ flare.IQ technology in refinery operations in Egypt to help reduce emissions from oil and gas flaring operations.
This initial phase of a broader flare recovery partnership will be implemented at the APC Refinery in Alexandria. The Egyptian Ministry of Petroleum and Mineral Resources (MoPMR) aims to reduce emissions and improve the efficiency of oil and gas operations as part of its ambitious aim to reduce greenhouse gas emissions from this sector.
Methane is one of the most harmful forms of emissions — 86 times more potent than carbon dioxide over a 20-year period*. Incomplete combustion of flared gas is one of the major source of methane emissions across the oil and gas industry. By using flare.IQ technology from Panametrics, a Baker Hughes business, EGPC will further digitalize its emissions management infrastructure and pull critical information about its flare systems, substantially reducing emissions by ensuring a higher-efficiency flare combustion rate.
The contract comes at a significant moment as Egypt prepares to host the 27th UN Climate Change Conference (COP 27) in November and contributes to the Global Methane Pledge.
“Our flare recovery partnership with Baker Hughes is an important step in Egypt’s Petroleum Sector Modernization program as we start implementing MoPMR projects included within Egypt’s Climate Change Strategy 2050, as announced in May 2022,” said H.E. Tarek El-Molla, Minister of Petroleum and Mineral Resources. “Phase one of the partnership, the deployment of flare.IQ, will support our flare recovery ambitions, which is one of our Nationally Determined Contributions (NDCs), in support of the Paris Agreement objectives. We look forward to seeing the impact of flare.IQ help improve the quality of life for residents near the Alexandria plant and anticipate extending the scope to include other refineries across Egypt.”
“Better understanding and managing emissions is central to the oil and gas industry’s efforts to reduce greenhouse gas emissions. Our partnership with MoPMR demonstrates how Baker Hughes continues to collaborate with our customers in taking positive action in emissions management,” said Rami Qasem, executive vice president of Digital Solutions at Baker Hughes. “This partnership with MoPMR supports its ambitious low-carbon strategy, and further underlines Egypt’s commitment to be at the forefront of tackling emissions in the oil and gas sector, as we approach COP 27.”
The contract follows the memorandum of understanding that was signed by the two companies in February 2022. The partnership between Baker Hughes and EGPC aims to establish and drive a flare recovery initiative to support emissions recovery and reduction across Egypt’s upstream and downstream oil and gas operations.
Part of the Baker Hughes Climate Technology Solutions portfolio, flare.IQ is fast, accurate, reliable, easy to deploy and cost effective. It has a proven track record in optimizing flare operations, achieving steam savings and significantly reducing methane emissions.
Beyond emissions management, Baker Hughes’ extensive portfolio of Climate Technology Solutions encompasses carbon capture, utilization & storage; hydrogen, and clean integrated power solutions.
*Source: United Nations Economic Commission for Europe
About Baker Hughes:
Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.
About EGPC:
[Egyptian General Petroleum Corporation- EGPC is a holding company which was established in 1956. At the foundation stage it was named General Petroleum Authority. It was renamed as Egyptian General Petroleum Corporation in 1962. EGPC owns 70% of shares in the Egyptian Natural Gas Company, as well as a 75% stake in the petroleum-industry support airline Petroleum Air Services (the remaining 25% being held by the British firm Bristow Group).
EGPC also has interests in refining, exploration, production, drilling, transportation and storage of crude oil; production of lubricants and greases; provides man power supplies; helicopter transportation services; engineering, procurement and construction for oil and gas projects; provides repair and maintenance services for machinery and equipment.
About Petrosafe:
PETROSAFE is one of the Egyptian oil sector companies and has acquired long recognized experience as a unique shareholding company specialized in Safety, Environmental protection, firefighting engineering and HSE training to serve and assist the oil & gas industry and other industries.
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For more information, please contact:
Media Relations
Niall Dowds
Senior Communications Leader, Panametrics, a Baker Hughes business
+44 (0) 7900 977777
niall.dowds@bakerhughes.com
EGPC
270 Palestine Street, 4Th Sector, New Maadi, Cairo
+202 27031439/38/42
Fax: +202 27065776
Petrosafe
6/w/4 Hassan Nassar Street, Takseem El-Laselky, New Maadi, Cairo, Egypt
+202 25176935/36/37/57
Fax: +202 25176938/58
info@PetroSafe.com.eg
