Oil & Gas: Ghana loses $20m yearly due to metering inaccuracies – Experts disclose

3 Min Read
Ads: 2, 3 & 4-bedroom houses for sale at Adent, Dawhenya and Amrahia - CLICK HERE for more
Reynolds Brew, CEO, Engineers & Brew Solutions

Mr. Reynolds Brew, the Chief Executive Officer of Engineers & Brew Solutions Limited has stated that Ghana is losing as much as $20 million each year from gas flaring in the oil and gas sector, as reported by the Public Interest and Accountability Committee (PIAC) in 2024.

At the Oil & Gas Measurement and Metering Summit held at the Ibis Style Hotel in Accra, Mr. Brew highlighted the urgent need for accurate emissions monitoring and gas capture technologies.

- Advertisement -

He advocated for the implementation of strict gas measurement standards, regular calibration and verification of meters, and advanced monitoring techniques to reduce carbon emissions.

Mr. Brew emphasized that local engineering firms possess the necessary technical skills to tackle these issues and called for greater private sector involvement in creating sustainable energy solutions.

Measurement engineer, Mr. George Nii Tettey, presented alarming calculations indicating that even a 1% measurement error in a standard oil field producing 100,000 barrels per day could lead to daily losses of 1,000 barrels.

- Advertisement -

He stressed the importance of modern metering technologies, such as ultrasonic and Coriolis meters, and suggested the adoption of “check metering” systems that utilize multiple meters to verify measurements. He urged for enhanced collaboration among regulatory bodies, including the Ghana Standards Authority, National Petroleum Authority, and the Petroleum Commission, to ensure transparency and accuracy in oil production reporting.

The Petroleum Hub Development Corporation announced ambitious plans to introduce tamper-proof digital metering systems at Ghana’s forthcoming Petroleum Hub.

The summit participants unanimously called for increased participation of Ghanaian engineers in measurement processes. Reynolds Brew challenged the industry to reduce its dependence on foreign expertise, questioning, “Why are we outsourcing what our local talent can master?”

- Advertisement -

Mr. Tettey issued a stark warning to stakeholders: “In an industry where billions depend on decimal points, approximate measurements are economic sabotage. The world is watching to see if Ghana will lead or falter,” he stated.

This revelation highlights the critical importance of accurate measurement in Ghana’s Oil and Gas sector.

Source: Bugbila Moadow


Do you have any information to give us, press releases or news to publish? Please send them to editor@awakenews.com.gh

Share This Article
Leave a Comment