In their bid to establish a cordial relationship with their host communities as well as fulfilling their corporate social responsibility, Green Energy International Limited, GEIL, the operator of the Marginal field in oil mining lease (OML 11), has decided to channel about N2bn into power generation in their operational area.
The fund is to be used to generate six megawatts of electricity for the host communities.
The oil field located in Andoni Local Government Area of Rivers State has Ikuru town as well as the communities of Ayama Ekede, UgamaEkede, Asuk Ama and Asuk Oyet within its operational space.
The power project which aims at utilising the gas produced on the marginal field for power generation and domestic gas production would bring a new lease of life to the residents of the area especially in terms of electricity supply.
The company also aims at establishing an industrial park, where companies can leverage on the uninterrupted electricity for industrial use and small scale industries.
This was disclosed by Mr Ayo Olojede, the Director of Sustainable Development of GEIL, in Abuja.
The Otakikpo marginal field was designed as a pilot scheme to demonstrate the applicability of the Small Scale Gas Utilisation Programme (SSGUP) concept of the Federal Government to eliminate gas flaring and promote utilisation of gas derived from the field to energise the economic potentials of the oil producing communities especially in the area of power generation and easier access to domestic cooking gas.
If this pilot scheme succeeds, many other marginal fields are expected to embrace the concept. This will decrease gas flaring for small and medium exploration and production companies in line with Federal Government’s zero gas flaring policy.
The field which has the capacity of adding about 10,000 bpd to national production output within a short period of time has its 6 km pipeline nearing completion.