Low Carbon Operational Efficiency (LCOE) Committee

The Low Carbon Operational Efficiency (LCOE) committee focuses on streamlining and integrating upstream decarbonization efforts by reducing scope 1 and 2 emissions and targeting a constant decrease of both Carbon and Methane intensites.

The Committee coordinates efforts with global industry groups including OGCI, Ipieca, OGDC, API, and Energy Institute to ensure that each association’s work programme is complementary and not overlapping. The Committee will contribute to the continuous cross-committee engagement to ensure consistency in the deliverables produced by IOGP.

The LCOE Committee’s objective is to address the primary sources of industry emissions to achieve low-carbon operational efficiency. Through our Members, the Committee provides expert analysis, knowledge-sharing, training, and guidance for the management of methane emissions, minimization of fugitives and flaring, systematic implementation of energy efficiency Best Available Techniques (BATs), and electrification of assets. The Committee focuses on the primary areas:

Methane

provides continuous support to update relevant technical publications, and to perform collaborative gap assessment across existing industry technical documentation to identify residual needs (e.g.: new methane technical documents, etc.).

Flaring and Venting

enables flaring reduction and venting abatement technologies, and recommended practices for both existing and new offshore and onshore oil and gas facilities.

Energy Efficiency

promotes energy efficiency/optimization technologies and practices linked to standard KPIs to manage fuels consumption in both brown and greenfield facilities and plants.

Electrification

provides recommendations for the electrification of oil and gas (and other petrochemical processing) facilities to reduce their greenhouse gas (GHG) emissions.

The above activities are integrated in the Energy Transition Integrated Framework, which was developed to reduce the carbon footprint of O&G facilities, while enhancing the efficiency and reliability of related low carbon projects and operations.

The Committee supports IOGP’s adoption campaign by encouraging Member Companies and the wider Industry to use IOGP’s technical documents in their decision-making processes while analyzing and sanctioning new low carbon projects.