The project seeks to recover high value and readily condensable liquids from vented or flared volatile organic compound (VOC) rich associated gas. The recovered liquids could be integrated into the existing liquids production and processing infrastructure and add potentially significant revenues and profits while measurably and verifiably reducing emissions of short-lived climate pollutants (SCLPs), most notably black carbon and methane.
The project’s activities and associated information platform are designed to create lasting institutional capacity for awareness raising, capacity building, knowledge exchange, networking of sector actors and the development of a public and private infrastructure to enable catalytic change within the oil and gas sector in a manner that supports the continuous commitment to long-term emission reduction goals.
The project also supports scaling-up the commercial deployment and dissemination of emerging leading-edge technologies for hydrocarbon liquid recovery that would otherwise not be exploited due to the use of conventional equipment and a limited understanding of the field.
In addition, the project furthers the increased dissemination of knowledge regarding the emergence of increasingly cost-effective and scalable technologies for hydrocarbon liquid recovery at smaller operational nodes in the upstream production industry, where economically recoverable volumes of readily condensable liquid hydrocarbon commodities were not previously considered to exist.
A significant component of the demonstration phase of this project will involve addressing opportunities to cost-effectively reduce SLCP emissions, deploy liquid recovery technologies and emerging technologies to quantify the reduced SLCP emissions resulting from implementation, and apply rigorous petroleum accounting and economics practices to verify all costs and payback periods.
Technology and practice demonstrations at selected PEMEX and Ecopetrol facilities, carried out within the framework of the United Nations Framework Convention on Climate Change’s (UNFCCC) Nationally Appropriate Mitigation Actions (NAMA), produced mitigation and business plans that identified significant opportunities to reduce emissions by recovering high-value liquids from flare streams and avoiding millions of dollars in annual energy and production losses from these facilities.
The NAMA project’s approach to SLCP reduction activities in the oil and gas sector is an example of how public-private cooperation can improve the diffusion of existing technologies and introduce new technologies that could bolster existing efforts on near-term climate change and related public health, food and energy security, and environmental issues.
The projected reductions in SLCPs emissions have the potential to realize significant and measureable environmental, health and social co-benefits, which support the CCAC’s role as a transformative catalyst of change in the oil and gas sector.