The OGA is fully committed to enabling the achievement of the UK government's commitment to reach net zero emissions by 2050.
The image below is a high-level, simplified illustration of the OGA’s approach to net zero regulation, throughout the project lifecycle, and in our main activities and processes:
The OGA are working with government and industry on the vital role that the oil and gas industry must play in the UK energy transition – in driving to net zero carbon across the UKCS as quickly as possible.
Government forecasts show that oil and gas will remain an important part of our energy mix for the foreseeable future, including under net zero.
Managing the declining production and maximising value from the UKCS as cleanly and efficiently as possible to meet this demand - as long as it exists - from domestic production also has broader economic benefits including jobs and future exchequer revenues.
The OGA has therefore put net zero considerations at the heart of its core business, including:
- Having renewed its Strategy to integrate net zero
- The inclusion of net zero as a key theme in benchmarking to drive performance improvement
- Leading a study into offshore energy integration to build closer links between oil and gas and renewables and reduce carbon emissions from oil and gas production
- As the licensing authority for carbon storage, stewarding projects through development and supporting the government’s CCS deployment pathway
The OGA also welcomed the North Sea Transition Deal, which was announced in March 2021, and which supports the industry’s transition to clean, green energy and a secure future for high-skilled oil and gas workers and the supply chain.
In December 2021 the Government opened a consultation on future licensing. Further details can be found here.
The OGA has challenged the offshore oil and gas industry to:
- Commit to clear measurable greenhouse gas targets, with real progress on methane.
- Show progress on carbon capture and storage, including work having started on major projects.
- Demonstrate measurable progress on energy integration opportunities – for example, an electrification project.
- An acceleration of the move to ensure there is a diverse array of skills and people for the long-term energy offshore and supply industry.
Presentations by OGA's Chief Executive, Dr Andy Samuel
Dr Andy Samuel, presented at Reuters Events’ Future of Oil & Gas 2021 virtual event on 26-27 October 2021. The conference brought together executives from across the entire upstream ecosystem to tackle the ultimate challenge: How do we meet growing global energy demand and simultaneously reduce carbon emissions in the hope for a more sustainable future?
Dr Samuel's presentation - The Future of the UK Continental Shelf : Powering the UK through the energy transition - can be viewed here
Dr Samuel also presented,UKCS Road to net zero: Technology driving transition at the Net Zero Technology Centre COP26 Event on 2 November 2021. It can be viewed here