BONTERRA ENERGY CORP. AND TRIDO ENERGY SERVICES REPORT ONGOING SUCCESS WITH METHANE REDUCTION PROGRAMS
Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) (“Bonterra”), a conventional oil and gas company with assets and operations based in Western Canada, and Trido Energy Services (www.tridoenergyservices.com) (“Trido”), a Centurion company and leading provider of sustainable and innovative solar-powered production equipment to the energy industries based in Calgary, Canada, are pleased to announce the completion of the first two phases of a joint emission reductions program (the “Program”) under Trido’s carbon credit program.
The Program was formally launched in October 2020 and is intended to reduce methane venting at Bonterra’s well sites. The Program involves using several innovative solutions to reduce and eliminate various sources of methane, a potent greenhouse gas. These initiatives are anticipated to result in an estimated reduction of 26,000 tonnes of CO2e annually, the equivalent of planting approximately 429,912 tree seedlings.
In phase one of the Program, high bleed devices were upgraded to low bleed alternatives, pumps were replaced and air compressors were installed. The work undertaken in this phase alone removes the equivalent of an estimated 24,600 tonnes of CO2e annually. Phase two of the Program involved replacing select pneumatic pumps with Trido’s innovative solar driven pumps and the installation of air compressor units, the impact of which represents the equivalent of an estimated 1,400 tonnes of CO2e annually.
Over and above the two phases outlined above, Bonterra and Trido will continue to identify incremental methods that can potentially reduce methane venting at Bonterra’s well sites.
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