Jersey Oil & Gas plc (JOG) has introduced a carbon policy for operations in its licence areas in the UK North Sea.
GREENHOUSE GAS PROTOCOL
The company said that a sustainable and lower-carbon energy future was central to its oil and gas operations and management.
JOG is targeting net zero emissions from its Greater Buchan Area project at the start of first oil.
It will seek to identify Scope 1, Scope 2 and material Scope 3 emissions of the Greenhouse Gas Protocol (GHGP)* and minimise, measure and report Scope 1 and 2 emissions associated with its operations on an absolute basis.
Key solutions would include platform electrification and the company has commissioned an external advisor for greenhouse gas accounting, reporting and verification.
JOG is also a signatory of the United Nations Global Compact, the world’s largest corporate sustainability initiative.
CARBON NEUTRAL
JOG said its carbon policy applied to all its current assets, from development to production, and potentially through any new acquisitions.
The company’s offshore and onshore operational activities will identify Scope 1, Scope 2 and material Scope 3 emissions, including the company’s supply and customer chains.
All existing JOG operations will be carbon neutral from the point of first oil for Scope 1 and 2 emissions.
The company added it would also use as much renewable power as possible when electrifying from shore.
*The GHGP establishes global standardised frameworks to measure and manage greenhouse gas emissions from private and public sector operations, value chains and mitigation actions.
It is built on a 20-year partnership between World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD), and works with governments, industry, NGOs and other organisations.