Privately-owned producer Neptune Energy has won the top award from the Oil & Gas Methane Partnership (OGMP) for its credible plans to reach a net zero methane intensity by 2030, it said November 9.
The United Nations inaugural International Methane Emissions Observatory (IMEO) report referenced Neptune’s plan as well as its 2025 methane emission intensity target of 0.0015%. It said it was the most ambitious of all the participating oil and gas companies.
The importance of tackling methane emissions is a major focus at COP26 in Glasgow, and the IMEO will play an integral role in the Global Methane Pledge – a US and EU-led effort by more than 30 countries to slash methane emissions by 30% by 2030 – by establishing a global public record of trusted and transparent methane emissions.
The IMEO report stated: “Neptune Energy is an upstream company with an ambitious target to reach a near-zero methane intensity for their production of hydrocarbons based on their exports. They are committed to work with their global assets to have the highest reporting quality and deploy mitigation measures.”
The announcement follows the completion of a first-of-its-kind collaboration with Environmental Defense Fund to measure methane emissions on the Neptune-operated Cygnus platform in the UK North Sea, using advanced drone technologies.
For more on Neptune, please see here.