Insight
Is the oil and gas decarbonisation charter a big deal?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Oil and Gas Decarbonisation Charter (OGDC) – a commitment to net-zero oil and gas operations by 2050, elimination of routine flaring and near-zero methane emissions – was launched at COP 28. It is a voluntary charter and the 50 OGDC signatories comprise NOCs, Majors and Independents producing 40% of the world’s oil. This sounds like a lot, and any emissions reduction agreement is positive. But the OGDC accounts for only 30% of the upstream sector’s Scope 1 and 2 emissions so how effective will it be?
Table of contents
- Executive Summary
Tables and charts
This report includes the following images and tables:
- 2023 upstream Scope 1 and 2 emissions intensity
What's included
This report contains:
Other reports you may be interested in
Asset Report
Iraq other fields (sub-commercial)
Overview of the oil and gas fields in federal Iraq and Kurdistan that have not yet had development sanctioned
$6,900
Asset Report
Statfjord Norway
The giant Statfjord oil and gas field is located in the Tampen area, immediately to the north of the UK Brent field.
$3,720
Country Report
Oman upstream summary
Oman is the largest non-OPEC oil producer in the Middle East and has a diverse upstream industry featuring a range of oil companies.
$6,480
