Significant emissions and cost savings on the cards for Middle East operator’s rig fleet

Energy consultancy Xodus has outlined a roadmap for a 60 per cent reduction in total CO2 emissions for a Middle East operator’s fleet of drilling rigs, following a greenhouse gas (GHG) emissions baseline and energy efficiency review.

Xodus reported it had identified more than 25 energy and emissions reduction opportunities per asset, representing a credible roadmap for a 60 per cent reduction in total CO2 emissions for the operator.

Over 20 per cent of these “easily implementable” opportunities require low or no CAPEX, the company said.

The review also outlined potential overall cost savings of up to $28 million per year.

The work scope focused on four key elements, including a boundary, reporting and legislation review, an emissions baseline assessment, offshore site visits and opportunity identification, and an emissions reduction roadmap development.

“We worked collaboratively with the client to deliver a study that has strengthened their understanding of scope 1 drilling and wells emissions and laid the foundations for the development of a robust, achievable, and sustainable GHG emissions and energy efficiency framework to realise their net-zero goals,” said Natasha Howlett, Emissions and Climate Division Manager at Xodus.

“Utilising Xodus Digital Emissions Reduction Action Plan (ERAP), our proprietary digital solution which is designed to intuitively rank and prioritise emissions reduction opportunities, we were able to deliver a credible emissions reduction roadmap. This considered interactions and conflicts between reduction opportunities, ensuring that the roadmap is realistic and achievable in order to deliver emissions and cost reductions.”