28 December 2021 - 14:46
  • News Code: 451038
Annual Collection of 11 bcf Flare Gas at Maroon

TEHRAN (Shana) -- The CEO of Maroon Oil and Gas Production Company said: "Collecting and preventing the annual flaring of 10.7 billion cubic feet of gas has brought about significant environmental effects, outstanding economic benefits and savings for the country."

According to Maroon Oil and Gas Production Company, Hamid Kavian outlined the company's flare gas collection plan: “Two two-year contracts with an investment of about $17 million for construction of low-pressure flare gas pressure boosting facilities and sweetening of sour gases sent to a flare stacks at Maroon 3 Production Plant have been signed with local companies.”

He added: "Currently, 88% of the surplus associate petroleum gases have been collected and 4% of it goes to domestic consumption. The remaining 8% is expected to be collected in the next three years."

The CEO of Maroon Oil and Gas Production Company stated that the main goal of these projects is to protect the environment and preserve hydrocarbon resources, and announced the economic profit from the sale of associated gases at $16 million annually.

News Code 451038

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