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NiHMEC 2024 CONFERENCE REPORT

Executive Summary

NiHMEC 2022 Conference Report

B

y definition, hydrocarbon metering or measurement is the phase along the hydrocarbon supply value chain where Exploration and Production (E&P) efforts are turned into value for operators, investors, and other relevant stakeholders.

Hydrocarbon metering is carried out using specialized and high-precision equipment to ensure consistent accuracy. Regular calibration of flow meters and secondary measurement devices used in custody transfer metering is standard practice in the petroleum industry to minimize losses caused by measurement errors.

The role of hydrocarbon metering in the oil and gas business cannot be over-emphasized, as it informs operators of the actual production rates and allows reservoir engineers to predict well depletion and better control for long-term production rates. Metering provides the data needed for proper hydrocarbon accounting and petroleum revenue quantification.

The recent challenges with crude oil theft and the confusion it poses to hydrocarbon accounting and revenue resilience are topical. In addition, the urgency, as well as the uncertainty around the decarbonization of the energy mix, will require accuracy, accountability, and transparency in all that we do in the petroleum sector.

The above, together with advances in research and development within the measurement, metering, and hydrocarbon accounting domain, were discussed in detail at the 2nd Nigeria Hydrocarbon Measurement Conference (NiIHMEC), which was held in Abuja, Nigeria, September 13-14, 2022, under the theme “Hydrocarbon Measurement for Decarbonized Oil and Gas Operations”.

Key Takeaways

Transparency Starts with Measurement

Accurate production data is the foundation of Nigeria’s petroleum sector integrity.

Technology & Calibration

Regular equipment verification against global standards minimizes losses.

Decarbonization Demands Precision

Investment in emission measurement is critical to achieving climate goals.

Evolving Challenges

Solutions for theft prevention and hydrocarbon accounting were prioritized.

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