Data science and predictive technology service provider, OPEX Group, has launched a new emissions reduction service in response to demand from the oil and gas industry, as operators seek to cut costs and achieve ambitious net zero targets.
Following significant investment in technology development, OPEX Group has launched X-PASTM Emissions - a new data science service which enables operators to reduce CO2 intensity and emissions from their oil and gas operations. The new service aims to help customers reduce annual CO2 tonnage by 15%.
Powered by OPEX’s predictive technology, X-PAS™ Emissions dynamically calculates and displays in real time the lowest achievable emissions intensity for an asset’s production target and plant configuration. Through the X-PAS™ Emissions portal, users have full visibility of the energy use and emissions intensity of their assets and the operational actions they can take to reduce CO2 emissions.
Danny Farquhar, VP of Data Science at OPEX Group, said: “It’s encouraging to see the work that is going into initiatives such as carbon capture, hydrogen, electrification and renewables, however these are likely to be medium to long term solutions and our industry also needs solutions that make an impact now.”
“The X-PAS™ Emissions service makes use of existing data and is currently being rolled out to the first customers over the coming weeks. The interactive tools and displays are easy to comprehend by everyone, not just engineers.
“The service delivers immediate impact by reducing energy consumption and direct emissions intensity. This not only helps to lessen environmental impact but also drive down EU ETS costs and fuel costs at a time when the industry is facing significant pressures.”
X-PASTM Emissions is the latest offering in OPEX’s suite of data-science and predictive technology services, all of which help operators to reduce costs, increase revenues and achieve compliance.
For more information about the X-PAS™ Emissions service click here.