I n d i a D r i l l i n g & E x p l o r a t i o n C o n f e r e n c e - I D E C 2 0 2 2
15th India Drilling & Exploration Conference ( IDEC )
I n d i a D r i l l i n g & E x p l o r a t i o n C o n f e r e n c e - I D E C 2 0 2 2
Firstly , concerning the climate , technology is required to provide low carbon-intensity barrels . Most energy scenarios prove to project a significant amount of CO2 emissions in today ’ s century . To attain a sustained , comparable year-on-year reduction in emissions without immense disruptions to people ’ s livelihoods and daily lives , it is essential to make huge investments in de-carbonized technologies . For this to happen , a good search on technological options that give low-carbonized barrels , along with the substantial investment is required . One of the promising technological options which could possibly provide an affordable means of responding to climate change concerns and is a low-carbon energy system is ( CCUS ) Carbon capture utilization storage . But this CCUS is an expensive green energy solution .
No single stakeholder can itself provide the required investment and absorb all the commercial risk it takes to construct an entire CCUS industry . Therefore , all participants of the Oil & Gas value chain need to contribute and add towards climatic concerns to safeguard fossil fuels regime till 2050 and beyond . Companies need to practice other similar technological options to meet the Kyoto Protocol ’ s Clean Development Mechanism . Companies can start with few technological up-gradations , to move ahead towards net-zero targets , by the up-grading the companies ’ internal operations as well as the energy it consumes to run the operations . To attain next level of net-zero targets , it requires all the companies in the industry to have full , meaningful , and focused collaborations amongst one another , and across the entire oil & gas value chain . Measures to reduce or stop carbon emissions through technologies , such as , infrared cameras and facilities , reduction in fuel gas use , and low-pressure gas recovery should be taken as suggested . Also , drones , aircrafts , and satellite-based measurements could be taken to help validate the estimated or calculated emissions .
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