ExxonMobil to Certify Natural Gas, Help Customers Meet Environmental Goals
September 07 2021 - 8:55AM
Business Wire
- New Mexico facility in Permian Basin to be company’s first for
natural gas certification
- Certification to use rigorous, independent criteria established
by third-party validator, MiQ
- Certification to validate ongoing efforts to reduce methane
emissions from upstream operations
ExxonMobil said today it has signed an agreement with an
independent validator, non-profit MiQ, to begin the certification
process for natural gas produced at its Permian Basin facilities at
Poker Lake, New Mexico. Certified natural gas validates emissions
reduction efforts and helps customers meet their emissions
goals.
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ExxonMobil employees oversee a production
facility in New Mexico, where the company plans to begin the
certification process for natural gas produced in the Permian
Basin. The process will use rigorous, independent criteria
established by a third-party validator, MiQ. Certified natural gas
validates emissions reduction efforts and helps customers meet
their environmental goals. (Photo: Business Wire)
MiQ is a partnership between RMI, formerly the Rocky Mountain
Institute, and SYSTEMIQ, a global sustainable development
consultancy. It developed and maintains the “MiQ Standard,” a
framework that assesses and grades methane intensity, enhanced
monitoring technology deployment, and operating practices that
promote a culture of emissions management and continuous
improvement. A MiQ accredited independent auditor performs the
assessment, and MiQ issues tradeable certificates based on the
grade achieved.
“We are reducing methane emissions responsibly and economically,
and by working with MiQ, we can provide our customers with credible
third-party validation of those efforts,” said Bart Cahir, senior
vice president of unconventional at ExxonMobil. “As we improve our
operations, certifying our natural gas will help our customers
achieve their goals and support a lower-carbon future.”
ExxonMobil has selected Poker Lake for certification because of
the wide range of technology solutions already in place, scale
advantages, proximity to nearby markets, and growth potential as
production in New Mexico increases. The company has expanded use of
aerial LiDAR™ imaging and SOOFIE methane detection technologies in
the region and is evaluating additional next-generation
applications, including satellites and artificial intelligence, as
part of its ongoing initiatives to find smarter and faster ways to
detect and mitigate emissions.
Approximately 200 million cubic feet of natural gas per day from
Poker Lake will be assessed and certified. The certified natural
gas could be available to customers by fourth quarter 2021.
ExxonMobil is considering expanding certification to include other
Permian Basin fields and shale production areas, including
Appalachia and Haynesville.
“We’re pleased to be working with ExxonMobil at Poker Lake and
look forward to a fruitful long-term partnership that creates a
differentiated, more transparent and cleaner gas market,” said
Georges Tijbosch, senior advisor at MiQ. “These steps and the rapid
reduction of methane emissions is critical to the world achieving
its climate goals.”
ExxonMobil exceeded its goals to reduce methane emissions by 15
percent and flaring by 25 percent by year-end 2020, compared to
2016 levels. The company has conducted more than 23,000 voluntary
methane leak surveys across more than 9,500 sites and eliminated
all high-bleed pneumatic devices across its U.S. unconventional
production.
ExxonMobil has previously announced plans to further reduce
greenhouse gas emissions in its operations by 2025, compared to
2016 levels. The plans include a 15 to 20 percent reduction in
greenhouse gas intensity of upstream operations. The reductions
will be supported by a 40 to 50 percent reduction in methane
intensity and a 35 to 45 percent reduction in flaring intensity.
The company aims for industry-leading greenhouse gas performance
across its businesses by 2030.
About ExxonMobil
ExxonMobil, one of the largest publicly traded international
energy companies, uses technology and innovation to help meet the
world’s growing energy needs. ExxonMobil holds an industry-leading
inventory of resources, is one of the largest refiners and
marketers of petroleum products, and its chemical company is one of
the largest in the world. To learn more, visit exxonmobil.com and
the Energy Factor.
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Cautionary Statement
Outlooks; projections; goals; descriptions of strategic plans
and objectives; plans to reduce future emissions intensity and the
expected resulting absolute emissions reductions; emission profiles
of future developments; methane capture and leak results from
operational and technology efforts; the effectiveness of third
party certifications; energy market evolution; and other statements
of future events or conditions are forward-looking statements.
Actual future results could differ materially due to a number of
factors. These include the development and pace of supportive
market conditions and national, regional and local policies
relating to emission reductions, including methane leaks; changes
in laws and regulations including laws and regulations regarding
greenhouse gas emissions, carbon costs, and taxes; trade patterns
and the development and enforcement of local, national and
international mandates and treaties; unforeseen technical or
operational difficulties; the ability to bring new technologies to
commercial scale on a cost-competitive basis, including large-scale
hydraulic fracturing projects and methane leak detection
technologies; changes in supply and demand and other market factors
affecting future prices of oil, gas, and petrochemical products;
and other factors discussed in this release and under the heading
“Factors Affecting Future Results” on the Investors page of
ExxonMobil’s website at exxonmobil.com.
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