Why does an Operator need one?

Developing a methane strategy is pivotal in aligning individual assets with the wider corporate aims and is essential for defining your pathway to methane emissions reduction for regulatory compliance. The strategy will give direction for your methane reduction efforts, allowing integration into regulatory requirements such as methane action plans, ensuring they are embedded into existing management systems. Each asset should have individual, tangible targets which will allow visible performance tracking, linking to transparent reporting and engagement with industry. A methane strategy should define internal accountabilities to ensure everyone knows what they are responsible for and helps promote internal communication. 

What are the key steps to creating a methane strategy?

• Develop a methane emissions baseline with an understanding of material sources.
• Define methane goals and intensity targets at a corporate level, with each asset understanding how they contribute to them.
• Ensure methane emissions reduction is included in ranking & prioritising of abatement activities, even when this may not be the most appealing option (such as low financial gain).
• Define internal accountabilities.
• Set out a pathway to understand methane emissions from non-operated assets.

What does it deliver for the business?

• Opportunity to reduce emissions reduction from key material sources.
• Transparency with regards to methane emissions, actions and next steps.
• Established framework for learning from internal and external sources.
• Encourages continuous improvement across assets.
• Ability to share learnings with NOJV operators.
• Time saved on communication and planning.
• Opportunity to promote company as active participant in methane emissions reduction.