DNV and IOGP to develop decarbonisation standards to accelerate upstream oil and gas transition

DNV IOGPDNV, an independent energy expert and assurance provider, has been chosen as a partner by the International Association of Oil & Gas Producers (IOGP) to support the decarbonisation initiatives of IOGP members

To support IOGP and its members that comprise 40% of the world’s oil and gas producers, DNV will develop metrics, recommended practices, guidelines, and methodologies, focusing on carbon capture and storage (CCS), electrification of oil and gas assets, reducing flaring and venting, increasing energy efficiency, and developing business cases for hydrogen.

According to DNV, decarbonisation is a priority for oil and gas companies, with two-thirds of the industry expecting to increase investment in this area in 2022, according to the company’s latest Energy Industry Insights research.

Ditlev Engel, CEO, energy systems at DNV said, “The upstream oil and gas industry is under mounting pressure to ensure an affordable and reliable energy supply while also decarbonising at pace, with the sector needing to urgently address both the global climate crisis and acute energy crises in many regions.” 

Across the energy industry, we see companies forming new partnerships and increasing collaboration to manage the complexity and scale of transitioning to low-carbon energy systems. The IOGP’s commitment to helping its members reduce carbon emissions at pace is encouraging and much needed,” Ditlev added.

Hari Vamadevan, regional director UK and Ireland for energy systems at DNV said, “With DNV’s expertise across the energy system including oil, gas, hydrogen, wind, solar, power grids and energy efficiency, I look forward to working together with IOGP to support the safe, efficient, and accelerated decarbonisation of upstream oil and gas.”

IOGP, is also said to be working with its 82 members to enable a low-carbon future; spearheading transformative technologies, facilitating collaboration, optimising processes, and creating standards.

Concetto Fischetti, IOGP energy transition director said, “We are delighted to partner with DNV, to the benefit of our mutual members and the whole industry, in developing low carbon and energy transition technical practices and guidelines complementing the know-how and operational experience of our member companies’ experts. Energy transition is central to our work programme, and with DNV, we will enhance IOGP’s support for the rapid decarbonisation of upstream oil and gas.”

 

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