Thursday, June 12, 2008

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Punta Europa Oil Facility

Equatorial Guinea
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Petroleum and natural gas are key to Equatorial Guinea's rapid development and growing GDP. The Alba gas field located 19 km north of Bioko Island is the country's largest natural gas field, with 37 000 million m3 of proven reserves. The above images show massive infrastructural development of the gas and the hydrocarbon facility at Punta Europa on Bioko, between 2000 and 2007.

The Punta Europa plant flares natural gas and associated byproducts—initially at a rate of approximately 2.5 million m3 per day to the current volume of about 3.5 million m3. To reduce the economic and environmental damage associated with this flaring, the Atlantic Methanol Production Company completed construction of a methanol plant at Punta Europa in May 2001. The plant consumes around 3.5 million m3 per day of quality gas to produce 19 000 barrels per day of methanol used in a variety of industries. Similarly, Marathon Oil and its partners are nearing completion of a liquefied natural gas plant at Punta Europa. These two facilities will eliminate the need to flare gas at Punta Europa. The projected greenhouse gas reduction from the methanol plant alone is 2.85 million metric tonnes of carbon dioxide equivalent per year for each year of the project.
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