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Hello
Welcome
The Oil and Gas industry is looking hard at its energy efficiency and carbon emissions. Without doing so it will lose its license to operate and its ability to raise funding. Investment opportunities are now judged not only on economics and production potential but also on the carbon intensity per barrel
Industry Response To Climate Change is Evolving
IOCs in Europe acknowledge the CO2 challenge
Gas is the cleanest fossil fuel to combust. Fugitive emissions make gas inefficient to transport
NOCs have production advantages but these may be offset by distance to market
NOCs have production advantages but these may be offset by distance to market
Gas is the cleanest fossil fuel to combust. Fugitive emissions make gas inefficient to transport
NOCs have production advantages but these may be offset by distance to market
Gas is the cleanest fossil fuel to combust. Fugitive emissions make gas inefficient to transport
Gas is the cleanest fossil fuel to combust. Fugitive emissions make gas inefficient to transport
Gas is the cleanest fossil fuel to combust. Fugitive emissions make gas inefficient to transport
Challenges
Solutions Built to Deliver
- Carbon Intensity needs to be measured cost effectively
- All calculations need to use a consistent methodology to be comparable
- System boundaries need to be consistent, clear and objective
- Results should be dynamic / time variant considering past production and future production
- Benchmarking must consider comparable situations / fields
- Assets should be able to be enrolled at the company, basin or play level
- Different asset types (offshore, onshore, deep-water, heavy oil, unconventional, tight gas etc.) all need to modeled
- The Global Warming Potential of all Green House Gases need to be included
- Transport to the end user needs to be considered in making strategic decisions based on Carbon Intensity
Whats Next?
If you would like to know how we have solved these challenges please get in touch.