Gran Tierra’s ongoing effort to reduce direct emissions by converting associated gas produced from its wells into an energy source for its operations, continues to generate results. Additionally, converting gas to electricity significantly reduces the demand on municipal utilities, increases fiscal resilience by lowering unit production costs, and provides a more stable energy supply, while reducing flaring and greenhouse gas emissions.
With all major fields fully converted, GTE has turned its attention towards generating gas power at its smaller locations, with service now in place at Cohembi and Los Angeles. The Company’s Gas-to-Power program has significantly reduced Scope 1 and 2 emissions over the last few years by cutting flaring, utilizing more produced natural gas for combustion, consuming less power from municipal sources and eliminating the need to purchase, transport and combust diesel. When excess power is produced, GTE can provide additional electricity to the local grid helping residents and stabilizing energy sources.
| FIELD | GAS-TO-POWER (kWh) | GAS USED (scf) | SAVINGS (USD)1 |
|---|---|---|---|
| COSTAYACO2 | 79,562,938 | 649,779,000 | $884,033 |
| MOQUETA3 | 219,785 | 2,716,740 | $28,377 |
| ACORDIONERO4 | 98,736,770 | 1,235,245,205 | $17,421,555 |
| MONO ARAÑA5 | 799,403 | 14,820,920 | $59,333 |
| VONU6 | 10,937,911 | 76,350,700 | $862,880 |
| LOS ANGELES7 | 374,004 | 6,962,115 | $37,224 |
| COHEMBI8 | 6,545,995 | 53,524 | $82,916 |
| JUGLAR9 | 197,473 | 2,853 | $9,830 |
-
View Footnotes
-
1) TRM=$USD 4,500.
2) Savings calculated from gas generation Vs National Power Grid 402-352=50 COP/kWh (0,01111 USD/kWh).
3) Savings calculated from gas generation cost 581 COP/kWh (0,1291). In 2022, MQT G2P is exclusively used as generation support when occurs a failure in the national grid. For that reason there is not a cost associated to G2P.
4) Savings calculated from gas generation Vs Diesel generation 942-148=794 COP/kWh (0, 1764 USD/kWh).
5) Savings calculated from gas generation Vs Diesel generation 967-633=334 COP/kWh (0,0742USD/kWh).
6) Savings calculated from gas generation Vs Diesel generation 757-402=355 COP/kWh (0,0789USD/kWh).
7) Savings calculated from gas generation Vs Diesel generation 863-369=494 COP/kWh (0,1098USD/kWh).
8) Savings calculated from gas generation Vs Diesel generation 869-812=57 COP/kWh (0,0012USD/kWh).
9) Savings calculated from gas generation Vs National Power Grid 707-483=224 COP/kWh (0,0498USD/kWh).
