Offshore staff
LONDON – Interventions by Britain’s Oil and Gas Authority (OGA) this year have helped the UK’s oil and gas industry avoid producing 970,000 metric tons (1.07 MM tons) of carbon dioxide equivalent.
This was one of the findings in the OGA’s latest annual report and accounts. The Authority has revised its strategy by introducing an obligation on the offshore industry to support the UK government’s net zero target, with new emissions benchmarking and monitoring applied to hold the industry to account.
Other highlights of the report include:
- CO2 emissions from UK offshore installations and terminals down 10% between 2019 and 2020
- Flaring volumes 22% lower in 2020
- Production efficiency at 80% for a second consecutive year, while operating costs have fallen to £11.10/bbl ($15.38/bbl).
Oil and gas still account for around three-quarters of the UK’s energy consumption and is needed for heating, transport, power generation and the manufacture of medicines, chemicals, and other products.
07/13/2021
