OGCI's carbon intensity target

OGCI launched its upstream carbon intensity target in 2020. Its aim is to reduce member companies’ aggregate upstream carbon intensity from 23 kg of greenhouse gases per barrel of oil or gas in 2017 to 17 kg by 2025.

In 2021, companies’ achieved an aggregate intensity of 18.9 kg, an improvement of 17% over the five years since 2017, with a drop of 6% in intensity in 2021 alone.

This near-term target covers both carbon dioxide and methane emissions from operated oil and gas exploration and production activities, as well as emissions from associated imports of electricity and steam.

Aggregate greenhouse gas emissions represented 333 Mt CO2 equivalent in 2021. Most of that is accounted for by carbon dioxide emissions, since OGCI member companies already have relatively low methane intensity levels. Over three-quarters of upstream carbon dioxide emissions in OGCI member companies come from energy production and use.

Reducing upstream carbon intensity relies on all member companies putting effective decarbonization measures in place. This involves improving energy efficiency, electrification of operations using renewable power where possible, co-generating electricity and useful heat, stopping zero routine flaring by 2030, and achieving near zero methane emissions. Changes in companies’ asset portfolios also impact intensity.

Oil and Gas Climate Initiative

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Methane Emissions

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March 25, 2024

Results from the Oil and Gas Climate Initiative’s latest Satellite Monitoring Campaign (SMC) show that a systematic effort to raise awareness, deploy new technologies and engagement can support local operators mitigate methane emissions at scale. OGCI’s 2022-2023 campaign over Algeria, Kazakhstan and Egypt has already helped local operators eliminate methane emissions, according to a new report.

December 2, 2023

The International Association of Oil and Gas Producers, Methane Guiding Principles, OGCI and Environmental Defense Fund announced their intention to build a framework to share expertise to help companies reduce methane emissions and flaring in line with the Oil & Gas Decarbonization Charter ambitions.

October 7, 2023

The three organizations collaborated on the project as eliminating methane emissions from the upstream oil and gas industry represents one of the best short-term opportunities for contributing to climate change mitigation and for advancing the goals of the Paris Agreement