UK Minister for Energy Kwasi Kwarteng said: “The offshore oil and gas sector’s commitment to halving operational emissions. Over a subsequent decade may be a welcome step for an industry that features a vital role to play in our energy transition. Within the years to return. the united kingdom Government will still work tirelessly. With all partners to deliver a dynamic Sector Deal. this may further support the industry in becoming more sustainable. As we work towards achieving net-zero emissions by 2050.”
MSP Minister for Energy
Paul Wheelhouse, MSP Minister for Energy, Connectivity and therefore the islands said:
“I welcome this report from the united kingdom oil and gas industry. Therefore the ambitious targets committing it to halve operational emissions over the subsequent decade. This is not only a crucial commitment. From one among Scotland’s key sectors but a big step to support Scotland’s just transition to net-zero which helps us move at pace. This report is timely because it follows the Scottish Government’s announcement on Friday 12 June of £62 million to support our energy transition.”
Report author and OGUK Emissions Improvement Manager Louise O’Hara Murray added:
“These targets would remove over 9 million tonnes of CO2 equivalent greenhouse emission emissions from our operations over the subsequent decade; an equivalent as taking nearly two million cars off the road for a year. Annually we’ll publicly show progress against our commitments on a sector-wide basis.
“They are developed with industry following an in-depth assessment of the measures needed to deliver them. They consider changes to operations, progressive reductions in flaring and venting, and major capital investment programs to decarbonize production operations.
“Many of the main capital investment projects which can help our sector to decarbonize. Including the powering of assets with electricity rather than hydrocarbons. The event and deployment of carbon capture and storage (CCS) and hydrogen both on and offshore. It will get to be developed at scale to assist other industries to accelerate their own efforts to scale back emissions.”