Toward Near-Zero Methane Emissions in Oil and Gas
Companies that abate their methane emissions early can gain a significant competitive advantage. We’ve identified six steps that can ensure the abatement journey is a success.
今日の石油・ガス上流部門の企業は、今後の課題に備えて変革が必要です。BCGの石油・ガス上流部門のコンサルティングチームは、ますます複雑化する業界に直面しているクライアントの持続可能な成長を確実にします。
From volatile oil prices to mounting environmental and regulatory pressures, today’s oil and gas companies are grappling with a wide range of complex issues. BCG’s upstream oil and gas consulting team leverages a wealth of hands-on industry experience—along with expert knowledge of upstream data science and macro energy trends—to bring value to our clients.
We take a flexible and collaborative approach that allows us to meet companies’ specific needs. We also apply a business lens to all the work we do and have a proven track record of creating value, with more than 1,500 projects delivered over the past five years for the majors and other international integrated oil and gas companies, independents, and national oil companies.
BCG’s upstream oil and gas consultants provide execution certainty and acceleration of impact by deploying rigorous processes and tools. By working hand in hand with in-house teams, our upstream consultants ensure that their work is always client led.
Here are a few examples of how we have helped clients:
We worked with an independent exploration and production company to develop a robust net zero roadmap and evaluate a range of internal and external business opportunities based around carbon capture and storage. We identified opportunities that had the potential to generate about $1 billion in net present value terms and positive engagements with investors drove an incremental 30% shareholder return premium versus the industry median.
An upstream oil and gas company was seeking support to diversify into low-carbon areas. We worked with the company to evaluate a range of internal and external business opportunities based around carbon capture, utilization, and storage; renewable energy; and direct air capture. Combined, these opportunities had the potential to generate more than $5 billion in enterprise value terms.
A major exploration and production company wanted to define a venturing strategy for investing and scaling low-carbon technologies to decarbonize their business. We worked with the company to evaluate investment areas and to identify potential investment vehicles and the most suitable venture capital partners. We also provided a deep-dive analysis of opportunities in three clean-tech areas: hydrogen, direct air capture, CCUS, and emissions reduction.
We offer clients a range of leading-edge proprietary solutions and tools that help them to optimize their exploration and production activities, including hydrocarbon exploration and hydrocarbon production.
BCG’s Oil Long Term Model allows companies and governments to better understand the demand and supply dynamics driving the global oil market. It enables them to build scenarios to determine potential impacts on their industry or business.
An AI-driven platform, BCG’s Ekon Dart tool continuously optimizes drilling execution by leveraging data and adapting to well conditions in real time—allowing companies to save money and reduce the time taken to first oil.
As they start on the decarbonization journey, companies need to benchmark their planned approach against peer initiatives so that they can learn from others. BCG’s tool enables players to do this by providing that valuable competitive information.
The database provides an outside-in view of unconventional operators and basins—delivering deep insights into performance drivers and project returns. Clients can use it to pinpoint areas of weakness in shale performance, implement self-improvement programs, and identify potential M&A targets.
Companies that abate their methane emissions early can gain a significant competitive advantage. We’ve identified six steps that can ensure the abatement journey is a success.
Exploration and production companies are coming up with high-value ways to take costs out of the system—permanently.
To unlock the full value of existing operations, oil and gas companies must improve collaboration among their business and IT teams and leverage the mountains of data that they have at their disposal.
Favorable conditions have catapulted oil and gas players from laggards to TSR leaders. But to continue delivering shareholder value, they must balance four key areas.
BCG’s upstream consulting team helps clients achieve long-lasting sustainable growth through our deep expertise in upstream oil and gas, upstream operations, and exploration and production. Here are some of our experts on upstream operations in oil and gas.