With a 2025 target intensity of well below 0.20%, member companies launched a new Aiming for Zero Methane Emissions initiative in 2022, striving to reach near zero methane emissions from their operated assets by 2030, while sharing what they are learning about detection, measurement and reduction across the industry.
The methane intensity target introduced a standardized methodology, measuring the volume of methane emissions from member companies’ upstream oil and gas operations as a percentage of the volume of the total gas marketed. The 0.2% target it set is now frequently referenced as the industry standard to strive for.
OGCI member companies’ aggregate methane intensity is now 0.17%, in the range of the current target of well below 0.20%. Importantly, this improvement in intensity has translated into a 40% decrease in absolute upstream methane emissions over the five-year period. The fall in absolute methane emissions continued in 2021, even as member companies’ natural gas production increased.
