Main challenges of fully monetising natural gas resources

How to fully monetise natural gas? What are the main challenges of this process? Are there any real examples of such projects? Regina Chislova, Project Director of Exploration and Production Oil Congress Hub 2019 tells Oilfield Technology about it.

In general, at many oil facilities, the associated gases (APG) contained in oilfields are monetised or used for oil operations, and any excess of it is exported or pumped back into the reservoir and then flared. In offshore fields and old facilities, there is not the infrastructure for utilisation or evacuation of gas, so the surplus hydrocarbon gas is flared. For example, Nigeria is currently ranked 9th in the world on natural gas reserves but has continually flared most of its excess gas.
However, after toughening the environmental regulations for flaring gas, producers have had to look for ways to monetise natural gas resources in offshore locations.

The most popular options for monetisation of gas resources

In a search for the best economic solutions, they are trying to keep up with the latest trend – to use hydrocarbon resources in different ways and reduce the impact on the environment. Therefore, such options as oilfield injection, power generation, export via LNG, export via pipeline, and petrochemical products are the most popular among them. The selection of a suitable gas monetisation option is not only based on the resource size, but it is also influenced by the volume and quality of the gas resource, its location, and capital costs.

Read the full article at
This year Exploration and Production Oil Congress Hub 2019 is hosted by Hellenic Petroleum. Yannis Grigoriou, Hellenic Petroleum's CEO, prepared a special invitation for other oil and gas companies. The list of participants already includes the representatives of BP, Eni S.p.A and Shell.

Additional options for you:

  • find out more about EPOCH 2019 at
  • request marketing materials here
  • share the article in your social network using the buttons below

Play EPOCH 2020 Scavenger Hunt!
Qatar Petroleum enters Eni’s Block A5A in the Angoche basin, offshore Mozambique with 25.5% participating interest.

Click here to read the article
Mauritania’s Ministry of Petroleum, Energy, and Mines awarded Total two deepwater exploration and Blocks C15 and C31 production contracts. This promotes...

Click here to read the full article
We use cookies to distinguish you from other users and ensure that we provide you with the best experience when you use our website and for the purposes of site analytics. By using our site, you agree that we may store and access cookies, on your device. More information