Panametrics, a Baker Hughes company, has announced a new feature that means its torch control and digital verification platform, flare.IQ, is now available to upstream operators for the first time.
flare.IQ was originally launched in 2017 to support downstream oil and gas operations, but this new feature allows upstream operators to better understand their flare emissions footprint. It will also improve the transparency of flaring operations.
Panametrics is already working with BP, marking the first time that IQ flaring will be used in the upstream oil and gas industry, continuing the partnership of the two companies to measure and ultimately reduce BP’s emissions in its global flaring operations.
New data has revealed that if deployed on every downstream torch in the world, flare.IQ could save over 80 million t of CO2 equivalent emissions. This is a similar impact to taking 18 million cars off the road. Using flare.IQ and its analysis platform, downstream operators can ensure high efficiency torch combustion of 98% and above (compared to typical operation of 85% torch combustion efficiency for downstream installations).
“Natural gas flaring, ventilation and fugitive emissions are a critical issue for the oil and gas industry, and we are seeing more and more companies taking action against flaring as part of their decarbonization strategies,” Says Diarmaid Mulholland, Vice President of Panametrics, âDownstream operators are increasingly looking to flare.IQ as a low-cost, high-impact way to monitor, measure and help reduce methane emissions. We have continuously invested in the growth of flare.IQ, now adapting our revolutionary technology to enable upstream operators to accurately monitor and measure their flare-related emissions by putting environmental flare measurements on the production floor.
For downstream torch operations, flare.IQ can accurately monitor torch emissions and advanced analyzes allow operators to achieve a torch combustion efficiency of over 98%. For upstream flaring operations, flare.IQ can provide accurate emissions monitoring, which is the first step towards transparent emissions reporting. Using the monitoring data, operators can work collaboratively with Panametrics to make informed choices that will help improve flare combustion efficiency and reduce emissions.
According to the IEA, methane emissions are the second leading cause of global warming along with oil and gas operations around the world, emitting more than 70 megatonnes of methane into the atmosphere in 2020. Incomplete flaring is one of the main causes of methane emissions through the oil and gas industry. By improving the efficiency of flare combustion, operators can reduce their flare-related emissions. Major operators in North America, China, the Middle East and Europe have already adopted flare.IQ technology for their downstream operations to continuously reduce methane and have an effective impact on emissions.
Read the latest issue of Oilfield Technology for free: Issue 3 2021
The third 2021 issue of Oilfield Technology begins with a report from Wood Mackenzie focusing on the fortunes of the upstream industry in Asia-Pacific. The remainder of the issue is devoted to features covering offshore engineering, coiled tubing, fracturing technology, completion technologies, water management, well placement and much more.
Exclusive contributions come from Wild Well Control, Cudd Pressure Control, TMK, NOV, Archer, Tendeka, TETRA Technologies and more.
Read the article online at: https://www.oilfieldtechnology.com/product-news/07102021/panametrics-flare-control-and-digital-verification-platform-available-to-upstream-operators/