OGMP 2.0 FRAMEWORK

Vectur Energy is proud to offer services that adhere to the Oil and Gas Methane Partnership (OGMP) 2.0.

Underscoring our commitment to leading in environmental stewardship and operational transparency. As part of this international initiative, we are dedicated to achieving significant reductions in methane emissions across operations for our clients. Adherence to OGMP 2.0 aligns with our comprehensive Leak Detection and Repair (LDAR) programme, where we utilise cutting-edge technology and rigorous monitoring protocols to identify and mitigate methane leaks swiftly. This framework not only reflects our proactive approach to sustainability but also our pledge to contribute to a cleaner, safer energy future. At Vectur Energy, we are setting the standard for responsible energy production, ensuring that our clients environmental impact is minimised for the benefit of communities and ecosystems worldwide.

Our technology complies with OGMP 2.0 ‘Gold Standard’

Which is the highest level of achievement within the Oil and Gas Methane Partnership 2.0 framework. It represents a comprehensive and robust approach to methane emission management, emphasising transparency, accuracy, and effective reduction strategies. Find out more HERE

Benefits of Achieving the Gold Standard:

Operational Efficiency and Cost Savings:

Companies meeting the Gold Standard are seen as leaders in environmental stewardship, enhancing their reputation among stakeholders, including investors, regulators, and the public.

Environmental Impact:

Achieving the Gold Standard ensures significant reductions in methane emissions, contributing to climate change mitigation and improved air quality.

Investor and Regulatory Confidence:

Transparency and third-party verification build confidence among investors and regulators, potentially leading to better regulatory outcomes and increased investment opportunities.

Key Components of the OGMP 2.0 Gold Standard:

Detailed and Comprehensive Reporting:

Companies must provide detailed methane emission reports across all sources and operations, including both operated and non-operated assets.

Reporting must cover all material sources of methane emissions and include both measured and estimated data to ensure completeness.

Facility-Level Emission Reporting:

Emissions must be reported at the facility level, providing a granular understanding of where and how emissions occur.

This involves using advanced measurement techniques and technologies to accurately quantify emissions.

Regular and Transparent Data Disclosure:

Companies must publicly disclose their methane emissions data on a regular basis.

Transparency in reporting builds trust and allows stakeholders to track progress over time.

Independent Third-Party Verification:

Emission reports must be independently verified by third-party auditors to ensure accuracy and reliability.

Verification adds a layer of credibility and accountability to the reported data.

Reduction Targets and Progress:

Companies must set and commit to ambitious methane reduction targets that align with global climate goals.

Regular updates on progress towards these targets must be provided, demonstrating a clear pathway to achieving significant emission reductions.

Adoption of Best Practices and Technologies:

Companies are encouraged to adopt best-available technologies and practices for methane detection, measurement, and mitigation.

Sharing of innovations and successful strategies among companies is promoted to enhance overall sector performance.

Overall, the OGMP 2.0 Gold Standard represents the pinnacle of methane management practices

in the oil and gas industry, driving substantial environmental benefits and reinforcing the commitment to sustainability and responsible operations. Contact us today to learn more about how we can support your operations and safeguard your investments.