The Basrah Gas Company (BGC) has recently been awarded the World Bank’s prestigious Global Gas Flaring Reduction Partnership (GGFR) Excellence Award for 2015. The GGFR Excellence Award recognises governments, oil companies and other organisations that have made a significant contribution to gas flaring reduction in the upstream sector of the industry through associated gas utilisation projects, partnerships, and innovative use of technology or business approaches.
Speaking about the award Deputy Minister of Oil for Gas Affairs, Dr. Hamid Younis said “I am very pleased to hear that BGC has won the GGFR Excellence Award. The company has achieved a lot in the two years it has been in existence. Already we can see a significant drive towards delivering on the Government’s mandate to turn flared gas into a valuable asset for the people of Iraq”.
Simon Daman Willems, BGC Managing Director, said “I am very proud of what we have achieved since our foundation in 2013; currently we are on course to achieve 30 years of maintenance work inside just a few years. We have already doubled capacity from our assets and will continue to work side by side with our Iraqi colleagues to double our capacity further.”
The award was presented during GGFR’s Global Forum ceremony in Russia on 09 September 2015.
About The Basrah Gas Company
A joint venture with South Gas Company (51%), Shell (44%) and Mitsubishi (5%), BGC processes associated gas produced by the three giant oilfields in southern Iraq – Rumaila, Zubair and West Qurna 1, and turns it into dry gas primarily for power generation, LPG for domestic use and condensate for road fuel. The company has been recognised for its work in reducing gas flaring whilst in parallel making an important economic contribution to Iraq. It now employs 5,700 staff, of whom 5,100 are Iraqi, and has assets across more than 22 locations including two major gas processing plants, more than a dozen compression stations and a large marine and storage terminal. The 25-year programme being undertaken by BGC is both the largest gas project in the history of Iraq, and the largest flare reduction programme in the world.