Initiative Highlights from Highwood’s Voluntary Initiatives Report 2022
The Oil and Gas Methane Partnership (OGMP) 2.0 is a comprehensive methane reporting framework for the oil and gas industry requiring the implementation of measurement-based technology. Participating companies commit to regularly report their methane emissions using strict science-based measurement standards from all operated and non-operated assets across the value chain.
OGMP 2.0 requires companies in their reporting framework to achieve a Gold Standard within three years (five for non-operated assets). All material assets shall be covered by bottom-up, source-level measurement instrumentation. Level 5 is only achieved once the bottom-up data are reconciled with site-level measurement data.
Across the entire oil and gas value chain, OGMP 2.0 provides globally applicable reporting templates for each sector and source-specific Technical Guidance. Numerous companies have adopted OGMP 2.0: 20 upstream companies, 38 midstream companies, and 21 downstream companies with assets under scope in more than 60 countries.
OGMP 2.0 provides producers a platform to credibly report on methane emissions performance, identify best mitigation options, and engage with and contribute to the leading process for methane management globally.
OGMP 2.0 does not require payment by participants as the programme is funded by UNEP International Methane Emissions Observatory.
|Reporting Disclosure||Level 5 C|
|Public Disclosure||Level 4|
|Initiative Transparency||Level 4|
|Measurement of performance||Deployment of and transition to direct measurements for emissions|
|Methane measurement requirements||Both component scale and site-level emission rate quantification are required to achieve Level 5|
|Emissions quantification||OGCI template for upstream estimates, Marcogaz methodology for downstream estimates, and direct measurements for higher ratings|
|Level of Engagement||79 organizations|
|Sector applicability||Production, gathering, boosting, processing, transmission, storage, distribution, LNG|
|Emissions Quantification||Scope 1|
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