A report published by industry body OGUK, The Pathway to Net Zero: Production Emissions Targets, outlines how targets will be achieved through changes to operations, progressive reductions in flaring and venting, and major capital investment programmes aimed at using electricity rather than gas, to power offshore facilities.
The targets are a key part of a transformational sector deal that industry is now formally discussing with the UK Government. With jobs, the supply chain and energy communities at its core, the sector deal will consider how the UK’s oil and gas industry can support a green recovery.
This could see the sector support wider UK efforts to decarbonise, using its skills and infrastructure to develop critical carbon-cutting solutions such as industrial scale carbon capture usage and storage, and the use of hydrogen for heating and heavy transport.
OGUK Chief Executive, Deirdre Michie OBE, said: “The coronavirus pandemic and low oil and gas prices have had a devastating impact on the UK’s offshore oil and gas industry. Given the limited impact that the severity of the lockdown has had on global emissions, it is clearer than ever that we need a fair, inclusive, and sustainable transition towards climate targets. We need a green recovery which supports jobs, supply chain companies and energy communities.
“We remain committed to addressing the challenge of climate change, as we outlined in our Roadmap 2035 published last year. Our industry will play its part by reducing its emissions and using its skills to develop the solutions that will be needed to make a significant contribution to the UK’s overall targets.
“A transformational sector deal could help unlock the full potential of this industry to support a green recovery and we’re delighted to confirm that we are now in formal discussions about it. With a clear pathway to becoming a net zero basin by 2050 and with support from governments and regulators, we can protect domestic energy supplies, jobs and communities whilst embracing the opportunities which will come from being at the forefront of delivering a low carbon economy.”
UK Government Minister for Energy, Kwasi Kwarteng, said: “The offshore oil and gas sector’s commitment to halving operational emissions over the next decade is a welcome step for an industry that has a vital role to play in our energy transition in the years to come. The UK Government will continue to work tirelessly with all partners to deliver a dynamic Sector Deal. This will further support the industry in becoming more sustainable, as we work towards achieving net zero emissions by 2050.”
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/16062020/uk-offshore-industry-commits-to-halving-emissions-by-2030/
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