The study defines a hierarchy of emissions-reduction technologies, ranked by maturity, investment and impact to enable operators to make informed decisions when prioritizing areas for emissions reduction.
This unique venture demonstrates the valuable intersection of thought leadership, digital innovation and project excellence to advance the energy transition across the globe. By combining our individual strengths, we will deliver solutions that enable our customers to accelerate the industry-shared goal of reducing carbon impact throughout the production chain.Samik Mukherjee, Senior Vice President, Projects, McDermott's Group
The program directly supports a significant carbon footprint reduction within the production and transformation of oil and gas, which, according to the International Energy Agency , is about fifteen percent of the entire oil and gas carbon footprint.
We are in an energy transition and while hydrocarbons will be required for decades, it is incumbent upon us to decarbonise their production. This study will show what can be achieved when we leverage the technical data and expertise of our parent companies, Baker Hughes and McDermott, and come together with the best minds in the industry to address this challenge. I look forward to working with our customers to deploy new standard practices for net zero facilities and transferring our learnings to other industries striving to reduce their carbon footprint.Richard Dyson, CEO, io consulting
The companies expect the collaboration to demonstrate what is achievable with current technology, what new technologies are required and identify break-even carbon pricing to make the net zero facilities viable now and in the future. The team will adapt this proof of concept to any geographical region and project, considering local infrastructure and environmental policies regarding carbon pricing.
This partnership aligns with Schneider Electric's objectives around sustainability and energy transition. We bring our expertise in both energy and process efficiency to the industry. Our goal is to help customers ensure their future systems support remote operations, optimized asset performance and breakthrough micro-grid management. We believe our partnership facilitates overall digital transformation for our clients—making their operations more sustainable.Chris Dartnell, President of Oil & Gas and Petrochemicals, Schneider Electric
The study applies a decision-quality framework to identify credible and achievable methods for achieving carbon neutrality including: power import and electrification; renewable micro-grids; integration with hydrogen networks; integrated energy storage; reduction of fugitive emissions; removal of flare systems; facility de-manning and access method; facility monitoring and control – remote operation; engineered offsetting methods (excluding nature-based offsetting); and digital transformation of design and operations.