The Next Frontier
Managing Methane Risks from Non-Operated Assets
We worked with the Environmental Defense Fund to build out their data visualizations and report on The Next Frontier: Managing Methane Risks from Non-Operated Assets, which maps the global risks and opportunities to advance methane reduction efforts industrywide.
What we did.
Visual Brand Strategy
Why it's important
Methane — the primary component of natural gas and a climate pollutant 84 times more powerful than carbon dioxide over a 20-year period — is responsible for a quarter of global warming happening today.
Methane leaks occur throughout the entire supply chain, with evidence of higher emissions in upstream production. Companies that are acting on methane emissions generally only do so at assets they operate. However, this new analysis reveals that assets operated by other companies account for nearly 50% of oil and gas production for many companies. These non-operated assets (NOAs) can undermine a company’s commitments to reduce emissions. But mitigating this risk, which has gone largely unrecognized until now, represents a major opportunity to advance methane reduction efforts industrywide.
This report examines the NOAs of eight publicly traded companies participating in the Oil & Gas Climate Initiative (OGCI) – BP, Chevron, Eni, ExxonMobil, Occidental, Repsol, Shell and Total.
These companies have established themselves as leaders on methane, but the risk of non-operated assets applies across the sector.
Forging the New Frontier for Methane Management
Results achieved on methane mitigation by the companies analyzed in this paper are a story of continuous progress. In the last five years, there has been a step change improvement in the ambition of public commitments and disclosure. Now, these companies have an important step change to make to advance the coverage of methane reduction efforts.