Baker Hughes has signed an MoU with the Egyptian General Petroleum Corporation (EGPC) at the 2022 Egypt Petroleum Show (EGYPS) to establish a flare recovery initiative to support emissions recovery and reduction across Egypt’s upstream and downstream oil and gas operations
Baker Hughes will leverage its portfolio of emissions management solutions including flare management technology, compression, gas turbines, and integrated processing systems that can help in the measurement, management, recovery, and utilisation of flare gas, to enable flare recovery from oil and gas sites across Egypt.
Through the deployment of Baker Hughes’ emissions management solutions, EGPC will aim to reduce emissions and improve the efficiency of its oil and gas operations across the country. This will include reducing the amount of gas flared and vented into the environment, enabling EGPC to drive more efficiency by reutilising the gas that would otherwise go to waste.
In addition, Baker Hughes solutions, including flare.IQ, will contribute to digitalising emissions management infrastructure by enabling EGPC to access critical information about its flare systems to calculate optimum levels of flare efficiency and help reduce methane emissions.
Baker Hughes’ emissions management solutions will support EGPC’s decarbonisation strategy, contributing to helping achieve ambitious carbon reduction targets, including positively impacting the quality of life for residents living in areas neighboring refineries.
“As part of Egypt’s sustainable development vision, we are actively exploring opportunities that support our strategy of using clean energy and reducing emissions to accelerate our journey towards net-zero,” said HE Tarek El Molla, Egypt's Minister of Petroleum and Mineral Resources. “We are proud of EGPC’s collaboration with Baker Hughes to deploy technologies that can help us manage and recover emissions across oil and gas operations, which is a key pillar in driving the energy transition in Egypt.”
“With a history stretching more than 100 years, Baker Hughes is proud to continue its partnership with Egypt and transform core oil and gas operations,” said Lorenzo Simonelli, chairman and CEO of Baker Hughes. “We are committed to reaching net-zero by 2050, and our emissions management solutions help our customers reach similar goals and can directly benefit Egypt’s sustainable development vision. We look forward to COP27 being hosted in Egypt, where we will continue to support the country’s climate change agenda, as well as the broader region’s just transition to new and sustainable sources of energy, which are vital for its people and economy.”
