Climate Investment has its own designated website. Please click here to visit.


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

Join the conversation

To learn more about OGCI’s work or to collaborate with us please get in touch.

Methane Emissions

Explore latest resources