Aiming for Zero Methane Emissions Initiative
Woodside Energy Ltd (Woodside) has signed the Aiming for Zero Methane Emissions Initiative, becoming the first Australasian company to do so.
By signing the initiative Woodside is committing to striving to reach near-zero methane emissions from its operated assets by 2030.
The Aiming for Zero Methane Emissions Initiative is led by the Oil and Gas Climate Initiative (OGCI). The OGCI is a CEO-led initiative that aims to accelerate the industry response to climate change. Woodside CEO Meg O’Neill said signing the initiative built on the company’s existing emissions targets. “Woodside’s historic focus on managing methane emissions means that we are already at less than 0.1% of our production by volume – well below the OGCI’s 2025 methane intensity target of below 0.2%.
“Minimising methane emissions has historically been a priority for Woodside. For example, frontline engineering, operations and maintenance staff are empowered to understand and act on methane emissions to support a sustainable ‘find and fix’ philosophy that can be implemented by site personnel. Looking forward
we are further refining methane action plans for our operated assets and trialling quantitative measurement of methane emissions.
“Signing this initiative is an example of our commitment to meeting our own emissions reduction targets, and to encouraging our entire industry to join this effort,” she said.
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