Decarbonization of the Russian oil and gas industry

Abstract

This article presents projects to reduce the carbon footprint in the oil and gas industry, existing problems in the field of implementation and the necessary tools to solve them.

Familiarity with the methods of carbon dioxide capture, injection and storage (CCS), utilization of associated petroleum gas and rational use of energy resources (energy efficiency) will help open up a new reality for the oil and gas complex, bring additional points in the table of climate-responsible companies, reduce greenhouse gas emissions and pollutants into the atmosphere.

Introduction. Currently, “green” technologies are becoming competitive compared to traditional sources and are beginning to receive state support, which opens up huge opportunities for the development of a new direction of oil and gas companies. The oil industry has to learn to live in a situation where it is necessary to meet the demand for oil and do it in the most environmentally correct way. To do this, you need to develop your own tactics for participating in global climate battles.

Purpose. The goal of companies in their investment projects is to achieve carbon neutrality by 2060.

Tasks, methods and materials. Strategic objectives to achieve carbon footprint reduction can be achieved through the introduction of monitoring systems, new leak detection mechanisms, optimization of maintenance and modernization of technologies and equipment to reduce or completely stop gas emissions or leaks.Result. The result of solving these tasks will be limiting greenhouse gas emissions to minimum values, increasing the absorption capacity of forests and, most importantly, recognizing the attractiveness of the Russian climate market for international investment.

Conclusion. In conclusion, it should be noted that decarbonization is a long process with many unknowns, so it is important that companies in the oil and gas spectrum are already actively investing in the energy transition and actually doing something in the field of reducing emissions. This will avoid catastrophic consequences in the future.