- bpx energy, bp's U.S. onshore upstream business, expands MiQ
certification to all U.S. onshore facilities in Texas and Louisiana.
- Independent certification is occurring for 1.1. billion
cubic feet per day (bcf/d) of bp's U.S. onshore natural gas
production and has been third party audited against MiQ's
- The MiQ Standard assesses methane emissions management
across three criteria: methane emissions intensity at a facility
level; monitoring technology deployment; and company
- Portfolio-wide certification positions bp as a leader in the
growing market for certified natural gas.
LONDON, March 6,
2023 /PRNewswire/ -- MiQ, the non-profit global
leader in methane certification, today announced that it has
independently audited and certified bp (NYSE: BP) as the first
energy major in the U.S. to verify the methane intensity of its
entire U.S. onshore portfolio of natural gas.
MiQ certification provides an industry leading transparent,
verified method for evaluating the emissions performance of bpx's
operations to purchasers of its natural gas. As demand for
independently certified gas from utilities and industrial users
increases, bp's commitment to certify its entire U.S. onshore
upstream portfolio positions it as a market leader.
Dave Lawler, bpx energy CEO said:
"When we launched our certified natural gas pilot with MiQ in 2021
we endeavored to lead in this space. Today's announcement makes
clear we are serious about achieving our ambition. MiQ
certification provides the market with clear, transparent and
verifiable data that highlight how bpx is committed to operating
assets with low methane intensity."
The certification, completed in March
2023, gives bpx energy a more granular understanding of its
methane intensity and source emissions, which enables ongoing and
additional methane emissions reduction. MiQ's peer-reviewed,
market-based certification is already creating transparency on
methane emissions, differentiating the supply of natural gas, and
helping operators make the right investments to further reduce
Georges Tijbosch, MiQ CEO, said: "Before MiQ launched
there was no transparency on which natural gas producers were
prioritizing the reduction of methane from their operations. This
move from bpx represents a seminal step forward for the industry
and gives bpx and its customers full transparency on methane
This commitment follows an initial certification at bpx energy's
South Haynesville facility in
December 2021. Certification now
includes natural gas facilities in the Eagle Ford, Haynesville and Permian basins.
As part of the certification process, these facilities are
independently audited by one of 11 auditors accredited by MiQ to
verify the methane emissions intensity of bpx's natural gas
portfolio. Leveraging data from this process enables ongoing,
measured performance and helps the company assess where best to
invest capital to continue to improve asset performance.
MiQ currently certifies approximately 4% of the global gas
market and 17% of U.S. gas production.
About bpx energy
With operations in Texas and
Louisiana, bpx energy, a
subsidiary of BP P.L.C. (NYSE: BP), is a premier U.S. onshore oil
and gas producer and a leader in reducing methane emissions. In
2022 our world-class unconventional oil and gas assets in
Texas and Louisiana produced an average of 325,000
barrels of oil equivalent per day. We also announced our aim to
reach zero routine flaring in our onshore operations by 2025. We
plan to accomplish this by investing significantly in
infrastructure that enables us to eliminate some of the largest
sources of emissions and keep more gas in the pipeline for our
customers. For more information on bpx energy and bp in America,
MiQ is an independent not-for-profit established to facilitate a
rapid reduction in methane emissions from the oil and gas sector.
MiQ is the fastest growing and a globally recognized methane
emissions certification standard. Certification allows global
society to credibly differentiate gas based on its methane
emissions performance, providing a market mechanism that
incentivizes methane reduction. MiQ's vision is to create a market
where certified natural gas can be traded like other historical
commodities, ultimately creating incentives to drive down methane
emissions across the board.
About Independently Certified Gas
Independently certified gas (ICG) is natural gas produced by
companies whose operations are independently verified by
third-party auditors. This clear, neutral assessment of natural gas
provides operators with the information they need to drive down
their emissions. The MiQ standard is enabling the growth of a
market for ICG to accelerate the reduction of methane emissions
from the oil and gas industry.
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