OPTIMIZATION OF STRATEGIES FOR NATURAL GAS UTILIZATION

Type: Project Materials | Format: Ms Word | Attribute: Documentation Only | Pages: 50 Pages | Chapters: 1-5 chapters | Price: ₦ 3,000.00

1,308 marked this research material reliable.
Call or whatsapp: +2347063298784 or email: info@allprojectmaterials.com
Excellent and professional research project topics and materials website. All the research tools, journals, seminars, essays, article, books, term papers, softwares and project materials for your research guide and final year projects are available here.

ABSTRACT

Nigeria is endowed with huge proven gas reserves estimated to be 184 trillion cubic feet (Tcf). It ranks as the 7th holder of natural gas reserves in the world, and the largest in Africa. Nigeria also flares more natural gas than any other country; it accounts for 12.5% of the world‟s annual gas flared and it wastes $2.0 billion annually by flaring gas associated with crude oil extraction. There is crucial need to monetize the gas reserves, reduce gas flaring and its environmental impacts, and to derive he maximum economic benefits from gas production.

The purpose of this research is to identify options for natural gas utilization, evaluate the various strategies and thereupon develop a model for optimizing the natural gas utilization strategies using the Niger Delta as a case study. A Linear Programming model is formulated based on the Transshipment model formulation concept. An objective function is established based on profit derived from the various utilization strategies (represented as nodes on the model) subject to certain constraints. The optimal decision for the model is determined from the solution of the optimization model. Results obtained from this study indicate that the optimal utilization decision involved the continuation of projects (including both current and planned) such as the Liquefied Natural gas project at Bonny (including the sales of both LNG and NGL), supply of gas for domestic use and power generation, transport to West African countries, transport of natural gas to Algeria through the TransSaharan Gas Pipeline (TSGP), and sales of EOR products to market. Upcoming project such as the Olokola LNG was only viable as the gas price increased. Optimal decision is affected by fixed or variable costs and more significantly by changes in market price. Sensitivity analysis is carried out to evaluate impact of changes in the input parameters on the objective function. This research also discusses the impact of gas pricing on the implementation of the Nigerian gas master plan (NGMP).

The model can be used to make optimum decisions in terms of selecting which set of projects would provide maximum benefits from several competing natural gas projects.



CHAPTER ONE

1.0  INTRODUCTION

1.1 PROBLEM DESCRIPTION

Natural gas is a subcategory of petroleum that is a naturally occurring, complex mixture of hydrocarbons, with a minor amount of inorganic compounds. It was once an almost embarrassing and unwanted by-product-or more correctly a co-product- of crude oil production but that notion has since been abandoned because of the huge potential for gas commercialization and utilization (Wang and Economides, 2009). .

Nigeria has proven gas reserves estimated to be 184 Tscf, making it the seventh largest reserves in the world (Oil and Gas Journal (OGJ), 2009). A decree was issued by the Nigerian government to stop the flaring of natural gas in hydrocarbon exploration and production (E&P) activities by 2008 all in an effort to realise commercial benefits from the nation‟s huge gas reserves. However due to several factors mitigating against this investment ideas by the government, this deadline date has far expired but huge volumes of gas are still been flared (World Energy, 2004).

The Natural gas available in Nigeria could either be associated or non-associated. Non-associated natural gas is found in reservoirs containing no oil (dry wells). Associated gas, on the other hand, is present in contact with and/or dissolved in crude oil and is coproduced with it and consists primarily of methane. Higher molecular weight paraffinic hydrocarbons (C2-C7) are usually present in smaller amounts with the natural gas mixture, and their ratios vary considerably from one gas field to another. Non-associated gas normally contains a higher methane ratio than associated gas, while the latter contains a higher ratio of heavier hydrocarbons (Matar and Hatch, 1994).

Nigeria flares more natural gas associated with oil extraction than any other country in the world. Estimate suggests that out of the 3.5 billion cubic feet (Bscf) of associated gas (AG)

produced annually, 2.5 billion cubic feet (Bscf), or about 70% is wasted via flaring. This statistical data shows that gas flaring is notoriously unreliable, and Nigeria may waste US $ 2.0 billion per year by flaring associated gas. Flaring is done as it is costly to separate commercially viable associated gas from the oil (Adewale, 2010). Companies operating in Nigeria also harvest natural gas for commercial purposes, but prefer to extract it from deposits where it is found in isolation as non-associated gas. Thus associated gas is burned off to decrease costs (Wikipedia,2010). The World Bank estimates Nigeria alone accounts for 12.5% of the world‟s annual gas flared though the Nigerian government has enacted a policy of “Zero-Gas Flare” by 2008 which has still not been met by the operators. This translates to about 800 Bscf of natural gas flared annually. Hence, energy companies have to develop strategies to utilize the “stranded” gas produced. The Natural gas traded today is strongly driven by long-term and high risk contractual agreements (Adegoke et al, 2005).

Major problems in utilizing natural gas worldwide have been predominantly the high transportation costs compared to crude oil. Transportation costs could be as much as four times that of crude. However, the OPEC World Energy Models forecast that world oil demand will rise from 76 MM bbl per day in 2000 to 103 MM bbl/day in 2020 seems to create opportunity for utilization of associated gas (World Energy, 2004). The additional benefits of natural gas utilization such as the reduced green house gas emissions (GHG) would further substantiate the claim for utilization of gas in Nigeria.

Natural gas utilization entails devising a strategy for converting natural gas from the production field to several options for economic benefits in terms of money and the environment. The options for the natural gas utilisation includes : enhanced oil recovery (EOR); conversion of natural gas to gasoline, methanol, CNG, and liquefied natural gas (LNG); transportation of natural gas or its by-products by pipeline, rail and sea; and other in-state utilization options such as use in utility or industry.

OPTIMIZATION OF STRATEGIES FOR NATURAL GAS UTILIZATION

Additional Information

  • The Project Material is available for download.
  • The Research material is delivered within 15-30 Minutes.
  • The Material is complete from Preliminary Pages to References.
  • Well Researched and Approved for supervision.
  • Click the download button below to get the complete project material.

Frequently Asked Questions

In-order to give you the best service available online, we have compiled frequently asked questions (FAQ) from our clients so as to answer them and make your visit much more interesting.

We are proudly Nigerians, and we are well aware of fraudulent activities that has been ongoing in the internet. To make it well known to our customers, we are geniune and duely registered with the Corporate Affairs Commission of the republic of Nigeria. Remember, Fraudulent sites can NEVER post bank accounts or contact address which contains personal information. Free chapter One is always given on the site to prove to you that we have the material. If you are unable to view the free chapter 1 send an email to info@allprojectmaterials.com with the subject head "FREE CHAPTER 1' plus the topic. You will get a free chapter 1 within an hour. You can also check out what our happy clients have to say.


Students are always advised to use our materials as guide. However, if you have a different case study, you may need to consult one of our professional writers to help you with that. Depending on similarity of the organization/industry you may modify if you wish.


We have professional writers in various disciplines. If you have a fresh topic, just click Hire a Writer or click here to fill the form and one of our writers will contact you shortly.


Yes it is a complete research project. We ensure that our client receives complete project materials which includes chapters 1-5, full references, questionnaires/secondary data, etc.


Depending on how fast your request is acknowledged by us, you will get the complete project material withing 15-30 minutes. However, on a very good day you can still get it within 5 minutes!

What Clients Say

Our Researchers are happy, see what they are saying. Share your own experience with the world.
Be polite and honest, as we seek to expand our business and reach more people. Thank you.

Project Information

  • CATEGORY : PETROLEUM ENGINEERING
  • TYPE : PROJECT MATERIAL
  • FORMAT : MICROSOFT WORD
  • ATTRIBUTE : Documentation Only
  • PAGES : 50 Pages
  • CHAPTERS : 1 - 5
  • PRICE : ₦ 3,000.00

Share Links

Download Post
Download Post

Search for Project Topics

Project topics in Departments

Do you need a writer for your academic work?

Reviews:
A Review on optimization of strategies for natural gas utilization , optimization, strategies, natural project topics, researchcub.info, project topic, list of project topics, research project topics, journals, books, Academic writer.
Nigeria is endowed with huge proven gas reserves estimated to be 184 trillion cubic feet (Tcf). It ranks as the 7th holder of natural gas reserves in the world, and the largest in Africa. Nigeria also flares more natural gas than any other country; it accounts for 12.5% of the world‟s annual gas flared and it wastes $2.0 billion annually by flaring gas associated with crude oil extraction. There is crucial need to monetize the gas reserves, reduce gas flaring and its environmental impacts, and to derive he maximum economic benefits from gas production... petroleum engineering project topics

OPTIMIZATION OF STRATEGIES FOR NATURAL GAS UTILIZATION