Our client needed to define an emission strategy to achieve a 45% greenhouse gas intensity reduction by 2035.
The company had committed to 20% of emissions reduction by 2030, 45% by 2035 and 100% by 2050. Additionally, operations needed to contribute to global targets and generate traceable ideas. The asset we were supporting had unabated operational emissions, which were expected to grow 15 times over from 2020‑2035.
emission reduction potential with value (NPV+ projects)
reduction in renewables
reduction in process and operations optimisation
further emission reduction potential available with Capex investment in equipment redundancy and electrification
Establish a baseline and forecast emissions for the next 15‑30 years
Map and prioritise key reduction opportunities
Develop a power sourcing strategy considering asset development plans ‑ onsite and offsite options to source green power such as wind, solar, gas
Determine requirements to enhance emission management
Oil and Gas assets can dramatically reduce their greenhouse gas emission footprint by mapping the drivers of emissions and detailing a combination of operational optimisation solutions and new technologies
Underpinning success is a clear definition of emission management systems and responsibilities