BP has formed a partnership with the Environmental Defense Fund (EDF) to develop technologies and practices to reduce methane gas emissions from the global oil and gas supply chain.
The three-year strategic commitment with EDF comes at a time when BP, along with Shell, urged the US Government to formulate tighter methane regulations rather than dilute the rules framed by the previous administration.
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As part of the partnership, BP and EDF will jointly work in collaboration with universities and third-party experts on projects that test technologies and emerging strategies to continue to improve methane management.
The British energy company believes the initiative has the potential to help the entire oil and gas industry significantly reduce greenhouse gas emissions, which is deemed responsible for climate change.
BP Upstream chief executive Bernard Looney said: “BP is taking a leading role in addressing methane emissions, and this collaboration with EDF is another important step forward for us and for our industry.
“We’ve made great progress driving down emissions across our own business, including meeting our industry-leading methane intensity target of 0.2%, but there is much more work to do and partnering with the committed and capable team at EDF will help us develop and share best practices.”
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By GlobalDataMethane leaks from across the oil and gas chain, including production, storage and transportation are said to be a major source of greenhouse gas emissions.
The global warming potential of the gas is 84 times more potent than carbon dioxide during its first 20 years in the atmosphere.
The partners will identify third-party analytical and technological demonstration projects. BP will assist these projects with funding.
BP noted that the collaboration will also help the industry to share the best practices to monitor and reduce emissions.
EDF president Fred Krupp said: “The scale of the methane challenge is enormous, but so is the opportunity. Whether natural gas can play a constructive role in the energy transition depends on aggressive measures to reduce emissions that include methane.”
The collaboration will focus on advancing technology breakthroughs, leveraging digital technologies, and expanding methane management.
BP is funding a research initiative led by Colorado State University (CSU) that seeks to improve the pathways to regulatory acceptance for emerging methane detection and quantification technologies.
The company intends to implement advances such as drone-based methane monitoring and stationary continuous monitoring.
