National Oil Companies (NOCs) produce more than half of the world’s oil and gas, and control nearly 90% of proven reserves still in the ground. Owned and overseen by national governments,
As such, it is in both their commercial and national interest to minimize waste – particularly of methane, a potent greenhouse gas that is responsible for a quarter of the climate warming we’re experiencing today. Methane is the main ingredient in natural gas, and the global oil and gas industry leaks more than $34 billion of natural gas annually.
Not all oil and gas facilities, however, are created equal. Many of the solutions used to detect methane leaks today were designed for U.S. onshore infrastructure: a patchwork quilt of individual well pads owned and operated by thousands of different companies. However, in many of the largest producing countries oil and gas facilities can be the size of towns, in some cases over 20 miles wide.
So how can an NOC manage and mitigate their methane emissions most efficiently? The answer: by embracing digital methane innovation. Read more