Climate Change Data

Oil and Gas Climate Initiative (OGCI)

Climate Impact & Sustainability Data (2024)

Reporting Period: 2024

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Environmental Stewardship
  • Resource Management

Environmental Achievements

  • Assessed 1272 CO2 storage resource sites from fifty-four countries against the SPE Storage Resources Management System (SRMS), resulting in an aggregated global resource estimate of 14,060 Gt.

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Lack of CCS-specific regulation and policy support in many countries hindering commercial readiness of CO2 storage resources.
  • Uncertainty associated with storage estimates, with only 25% of sites publishing uncertainty ranges.
  • Lack of published development plans for many resources.
  • Varied approaches to calculating CO2 storage resource estimates.
  • Risk of double-counting storage resources due to overlapping geographical areas in evaluations.
  • Inaccessibility of discovered resources due to ongoing petroleum production or lack of regulatory frameworks.
Mitigation Strategies
  • Recommendations for evaluators to improve data quality and consistency (e.g., providing uncertainty ranges, detailed methodologies, and project development plans).
  • Suggestions for CCS stakeholders to aid resource progression (e.g., supporting the development of CCS-specific regulations, encouraging publication of evaluations, and using SRMS for resource bookings).

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Deployment of CCS to mitigate climate change

Reporting Standards

Frameworks Used: SPE Storage Resources Management System (SRMS)

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • 7 (Affordable and Clean Energy)
  • 13 (Climate Action)

CCS contributes to these goals by enabling the reduction of greenhouse gas emissions and promoting the use of clean energy.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed