Page 7 - AsianOil Week 22 2021

AsianOil SOUTHEAST ASIA AsianOil

The marine department said the Far Stream with the Open Subsurface Data Universe
anchor-handling tug supply (AHTS) vessel, (OSDU) platform, would help the developer to
which is owned by Norway’s Solstad Offshore, accelerate its field development planning and
would handle the mobilisation. Idun, owned optimise production performance.
by Bermuda’s Borr Drilling, was slated to begin “The strategic approach to digital transforma-
the move on May 27 and arrive at the BKD-A tion, the adoption of the OSDU data platform,
platform on June 4. At which point, it then is and the DELFI environment position Petronas
expected to begin drilling operations that will among the digital leaders of the industry, and we
last until August 19. are proud to be supporting them in this journey,”
Bakau is located in the Baram Delta enhanced Schlumberger’s president of digital and integra-
oil recovery (EOR) production-sharing contract tion, Rajeev Sonthalia, said. “Working together,
(PSC), which Petronas Carigali operates with a we will liberate access to data and integrate cut-
60% stake and Royal Dutch Shell owns 40%. ting-edge AI into petrotechnical workflows to
Shell, however, announced in March that it was optimise field development resources, increase
mulling the sale of its stakes in both the Baram efficiency and vastly improve investment deci-
Delta and SK 307 PSCs. sion making.”
Elsewhere, global service provider Schlum- Schlumberger noted that the agreement fol-
berger announced on June 1 that it had signed lowed Petronas’ use of the LiveFDP programme
an enterprise-scale agreement with Petronas for – which incorporated both DELFI as well as
the use of a suite of advanced digital solutions. the FDPlan agile field development planning
Schlumberger said these solutions, enabled solution – to speed up development scenario
by its DELFI Petrotechnical Suite and integrated generation.™

EAST ASIA

CNPC cuts methane emission

intensity, focuses on green investment

PROJECTS & STATE-OWNED China National Petroleum To this end CNPC has been ramping up
COMPANIES Corp. (CNPC) said this week that it had man- its focus on clean energy, pledging in May
aged to cut its methane emissions intensity by to expand its conventional and unconven-
6% year on year in 2020. tional gas production and increase its use
The Chinese government is increasingly of new energy.
focused on clamping down on methane emis- The company produced more than
sions, given that each methane molecule is up to 160bn cubic metres of gas in 2020, with
25 times more potent than one of carbon dioxide domestic fields accounting for 130.6 bcm
in terms of global warming potential. of that figure. CNPC aims to boost the
“We have been optimising energy structure, share of gas in its overall production to
developing clean energy and increasing methane 55%, while also investing in wind, solar,
recycle and utilisation,” Reuters quoted CNPC’s geothermal and hydrogen.
latest environmental report as saying on June 3. “Besides a common interest in solar and
The company, which has set a target of reach- wind, the national oil companies [NOCs] are
ing peak carbon emissions by around 2025 and looking into a number of low-carbon options,
near-zero emissions by 2050, noted that it had aligning with their core strengths, to reduce the
carried out measurement, reporting and verifi- carbon intensity of their portfolios,” Bloomb-
cation (MRV) of greenhouse gas (GHGs). ergNEF analyst Tang Sisi told state-run newspa-
China’s 14th Five-Year Plan (FYP, 2021-2025) per China Daily last month.
set out several important commitments, includ- “Announcements so far suggest that the
ing that climate change mitigation efforts should [NOCs] will focus, at least in the near term,
focus non-CO2 GHG emissions – including on fossil-based options to decarbonise, and
methane. seek a balance between energy security and
These efforts are geared at helping the coun- climate goals.”
try achieve President Xi Jinping’s goal of ensur- Reports also emerged last month that CNPC
ing that carbon emissions peak by 2030, followed intended to invest CNY10bn ($1.56bn) in a new
by neutrality achieved by 2060. renewable energy-focused investment vehicle.™

Week 22 03•June•2021 www. NEWSBASE .com P7