OGCI’ S AGGREGATE PROGRESS IN 2024
The organisation’ s 12 members have calculated their combined emissions and their progress against targets. Results include:
Upstream operated carbon intensity: 17.2kg CO 2
e / boe – a 24 % decrease since 2017, against a 17kg CO 2 e / boe ambition by 2025
Upstream operated methane intensity: 0.12 % – a 62 % decrease since 2017, below the 0.20 % ambition
Routine flaring: 72 % below 2018 levels, towards OGCI’ s ambition to end routine flaring by 2030
Low-carbon investment: US $ 30bn in 2024, including projects, acquisitions and R & D, bringing the total since 2017 to US $ 125bn
CCUS projects: The companies are involved in developing more than 50 projects
Additional Progress: expanded efforts to reduce transport emissions and advance high-quality, internationally tradeable carbon credits for natural climate solutions.