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| Financing Solutions to Reduce Natural Gas Flaring and Methane Emissions
FIGURE 4.2
Aggreko’s installed capacity, by geography Percent of total, number of projects South America, 4%, 4
Africa, 2%, 6
North America, 18%, 30
Eurasia, 56%, 41
Middle East, 17%, 2
Europe, 3%, 19
Source: World Bank, based on Aggreko’s commercial literature.
tons per day oil treatment plant. To address these objectives, Aggreko proposed a long-term contract with 58 megavolt-amperes of total power capacity, which assumed supplying all necessary spare parts and materials, as well as performance of scheduled technical works. Equipment includes eight transformers with a unit capacity of 6,300 amperes, two fuel tanks of 20,000 liters each, one load bank of 1,266 kilovolt-amperes, and 13 kilometers (km) of cable to ensure a stable power supply during the drilling and operation of oil wells. The project’s capital expenditures (capex) and operating expenditures (opex) are assumed by Aggreko. The project is an extension of a smaller project that began in 2016 and grew in scope over time. Aggreko is responsible for ensuring commissioning and round-the-clock maintenance of the generator sets and utility networks. The company delivered equipment on-site and installed and commissioned it within 30 days from the date of signing the contract, which enabled the field operator to obtain power for progressive production of raw materials, start work promptly, and operate the field one year earlier than initially planned. The remote location of the field and freezing temperatures (which required upgrades to normal winterization equipment) were part of the technical challenges. The project was initially designed to work on natural gas supplied at high pressure, so Aggreko built a pressure reduction unit. The plant was later modified to allow working directly on associated petroleum gas supplied at normal pressure, thus providing fuel flexibility to the operator. The project is estimated to achieve more than 120,000 tons of carbon dioxide (CO2) emissions reduction per year and is securing supply of power to the operator.
