Emission Forecasting – Oil & Gas Operations

CarbonTP was engaged in 2021 by a medium sized Australasian oil and gas producer to produce an updated emissions forecast for each of its operated assets based on the latest production forecast. The client sought an explanation of the substantial variation between the prior emissions forecasts and actual emissions measured.

CarbonTP performed a detailed gap analysis on the previous emissions forecast for the company’s operated assets, identifying underlying issues with the forecasting methodology which explained the gap between the forecast and observed emissions.

CarbonTP then provided the client the client with an updated emissions model based on our own bottom-up analysis approach which fully accounts for interdependencies and non-linearities, ensuring the client had a more representative forecast of their emissions over the next decade.

In late 2022, the client confirmed that the CarbonTP emissions forecast had been robust based on a comparison between forecast and actual emissions.