Upstream operations rely on exploration activities, such as geological surveys, and production activities, such as on- and offshore drilling, in the extraction of oil and natural gas. But upstream assets require significant energy inputs to get oil sources from well to pipe.
Key fact: Processes like onsite drilling account for 70-80% of upstream emissions
The highest GHG emissions in upstream operations are caused by complex reservoirs, as well as routine flaring and venting, which contribute 40% of the carbon intensity of crude oil production in a region.
To achieve net zero emissions, oil and gas companies must decarbonise upstream activities. This can be done by optimising operations with digital technologies, advanced data analytics, offshore renewable electricity generators, and the control of flaring and venting.
Key fact: A 10% increase in operational efficiency delivers a 4% reduction in emission intensity
Benefits
Reduces CapEx on assets
Reduces operating and maintenance costs
Optimises upstream operations, so replaces need for carbon offsets
