2023-10-30 18:17:26
SLB (NYSE: SLB) today announced that its ‘End-to-end Emissions Solutions’ (SEES) business has been selected by integrated energy company Eni (NYSE: E) to provide comprehensive methane emissions measurement and reporting plans in escape to Eni’s international operating facilities.
The project, which is already underway, is aligned with the reporting standards of the Oil and Gas Methane Partnership 2.0 (OGMP 2.0), the United Nations Environment Program’s (UNEP) flagship methane reporting and mitigation program. . The goal is to provide Eni with an accurate account of its runaway methane emissions for transparent reporting purposes and inform Eni’s strategic efforts to reduce them. Methane is a potent greenhouse gas (GHG) that has an impact on climate change up to 84 times greater than carbon dioxide over a 20-year period, representing around half of the oil and gas sector’s operational emissions. gas.
“Measurement accuracy, speed and scale are three crucial elements for the oil and gas sector to reduce its methane emissions,” said Kahina Abdeli-Galinier, SLB Emissions Business Director. “By working in cooperation with Eni, we are leveraging our in-depth knowledge of OGMP 2.0 requirements and our worldwide presence to provide Eni with accurate and reliable methane measurements and data reporting across its onshore and offshore operations within a rapid six-month delivery period. . For Eni and other producers, the rapid increase in this capacity provides the knowledge needed to accelerate progress in tackling leaky methane emissions.”
Working across multiple locations in Africa, Asia, Europe and North America, SEES will perform source-level measurements and simulations of Eni’s emissions in line with OGMP 2.0 reporting requirements. SLB will gather and analyze the data as well as help Eni report its source-level emissions to OGMP.
Prior to this project, SLB evaluated ideal measurement technologies to identify and quantify methane emissions in order to propose solutions more aligned to each facility’s needs and local requirements.
SEES launched in March 2022 and offers a broad suite of cutting-edge services and technologies designed to provide operators with a robust, scalable solution for measuring, monitoring, reporting and ultimately eliminating methane and routine flare emissions. Since its launch, SEES has completed client projects in Asia, the Middle East, Europe and the US, including consultancy, optimized surveillance planning, measurements and interpretation via a secure digital platform.
About SLB
SLB (NYSE: SLB) is an international technology company driving energy innovation for a balanced planet. With a global presence in more than 100 countries and employees representing almost twice as many nationalities, we work every day on oil and gas innovation, digital supply at scale, decarbonization of industries, as well as the development and expansion of new systems energy sources that accelerate the energy transition. Find out more at slb.com.
Cautionary Statement Regarding Forward-Looking Statements: This press release contains “forward-looking statements” within the meaning of U.S. federal securities laws, that is, statements regarding the future, not regarding past events. These statements generally contain words such as “expect,” “is possible,” “may,” “estimate,” “intend,” “anticipate,” “will,” “potential,” “projected” and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as predictions or expectations regarding the implementation or anticipated benefits of SLB’s new technologies and partnerships; statements regarding goals, plans and projections regarding sustainability and environmental issues; predictions or expectations regarding the energy transition and global climate change; as well as improvements in operational procedures and technology. These statements are subject to risks and uncertainties, including, but not limited to, the failure to achieve net negative carbon emissions targets; the failure to recognize the intended benefits of SLB strategies, initiatives or partnerships, legislative and regulatory initiatives that address environmental concerns , including initiatives that address the impact of global climate change; the timing or receipt of regulatory approvals and licenses; and other risks and uncertainties detailed in SLB’s most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission (SEC). If one or more of these or other risks or uncertainties materialize (or the consequences of such development change), or if underlying assumptions prove incorrect, actual results might vary materially from those reflected in our forward-looking statements. Forward-looking statements speak only as of the date of this press release, and SLB disclaims any intention or obligation to publicly update or revise such statements, whether as a result of new information, future events or otherwise.
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Contact:
Media
Moira Duff – Director of External Communications
SLB
Tel.: +1 (713) 375-3407
E-mail: [email protected]
Investors
James R. McDonald – Senior Vice President of Investor Relations and Industrial Affairs
Joy V. Domingo – Investor Relations Director
SLB
Tel.: +1 (713) 375-3535
E-mail: [email protected]
Source: BUSINESS WIRE
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