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Member News08th Jul 2022

Neptune joins emissions initiative

Neptune Energy has joined the Aiming for Zero Methane Emissions Initiative, a project to cut emissions of the harmful greenhouse gas to near zero by 2030. Neptune’s support for the initiative complements its own ambitious target for zero methane emissions by the end of the decade, the privately-owned producer said July 6.

Developed by the Oil and Gas Climate Initiative (OGCI), the initiative aims for methane emissions to be treated as seriously as the oil and gas industry already treats safety. Other aims are to avoid methane venting and flaring and to report methane emissions annually and transparently.

Neptune CEO Pete Jones said: “We already have one of the lowest methane intensities in the industry at 0.02% and are on track to achieve our own target of zero methane emissions by 2030, so fully support this initiative.”

OGCI chairman and former BP CEO Bob Dudley added: “We are proud to welcome Neptune Energy to the Aiming for Zero Methane Emissions Initiative.”

Neptune’s Cygnus platforms in the UK southern North Sea (credit: Neptune)