Offshore staff
LONDON – Neptune Energy has endorsed the World Bank’s ‘Zero Routine Flaring by 2030’ initiative.
The brings together governments, companies, and development institutions to eliminate routine gas flaring in oil production no later than 2030.
Neptune Energy’s VP Operations Europe, Pete Jones, said: “Neptune has set ambitious emissions reduction targets across our operations…
“We already have one of the lowest methane intensities in the industry at 0.02%. But we want to go further, which is why we are supporting this initiative.
“This commitment is in line with our broader decarbonization initiatives, which include ambitious targets to achieve a carbon intensity of 6 kg CO2/boe and net zero methane emissions by 2030. To achieve these targets, Neptune is deploying a full range of initiatives which include using best available technologies to eliminate routine flaring, upgrading equipment and improving energy efficiency.”
The company will report annually on its flaring and progress toward meeting the initiative’s objective.
10/21/2021
