flare.IQ was originally launched in 2017 to support oil and gas downstream operations, but this new feature enables upstream operators to better understand their flare emissions footprint. It will also improve transparency from flaring operations.
Panametrics is already working with BP, marking the first time flare.IQ will be used in the upstream oil and gas sector, continuing the two companies’ partnership to measure and ultimately reduce BP’s emissions across its global flaring operations.
New data has revealed that if deployed on every downstream flare globally, flare.IQ could save more than 80 million t of CO2 equivalent emissions. This is a similar impact to taking 18 million cars off the road. By using flare.IQ and its analytics platform, downstream operators can ensure 98%+ high-efficiency flare combustion (vs. typical operation of 85% flare combustion efficiency for downstream facilities).
“Natural gas flaring, venting and fugitive emissions represent a critical issue for the oil and gas sector, and we are seeing more businesses taking action on flaring as part of their decarbonization strategies,” says Diarmaid Mulholland, vice president of Panametrics, “Downstream operators are increasingly turning to flare.IQ as a low-cost high impact means of monitoring, measuring, and helping drive down methane emissions. We have continuously invested for growth in flare.IQ, now adapting our ground-breaking technology to enable upstream operators to accurately monitor and measure their flare related emissions by putting environmental flare metrics on the production floor.”
For downstream flare operations, flare.IQ can accurately monitor flare emissions and advanced analytics enable operators to achieve 98%+ flare combustion efficiency. For upstream flare operations, flare.IQ can provide accurate emissions monitoring, which is the first step towards transparent emission reporting. Using the monitoring data, operators can work in collaboration with Panametrics to make informed choices that will help improve flare combustion efficiency and achieve reductions in emissions.
According to the IEA, methane emissions are the second largest cause of global warming with oil and gas operations worldwide, emitting more than 70 megatonnes of methane into the atmosphere in 2020. Incomplete flaring is one of the major causes of methane emissions across the oil and gas industry. By improving flare combustion efficiency, operators can reduce their flare-related emissions. Major operators in North America, China, the Middle East and Europe have already adopted flare.IQ technology for their downstream operations to help continually reduce methane and effectively impact emissions.
Read the latest issue of Oilfield Technology in full for free: Issue 3 2021
Oilfield Technology’s third issue of 2021 starts with a report from Wood Mackenzie focusing on the upstream industry’s fortunes in Asia-Pacific. The rest of the issue is dedicated to features covering offshore engineering, coiled tubing, frac technology, completion technologies, water management, well placement and much more.
Exclusive contributions come from Wild Well Control, Cudd Pressure Control, TMK, NOV, Archer, Tendeka, TETRA Technologies and more.