Integrate various sources of data (public, private, third party) to estimate carbon intensity accurately and easily
Allow stakeholders to easily collaborate as carbon intensity estimation requires data and expertise from various parts of the organization
Estimate current and historical carbon intensity, forecast future carbon intensity
Standardize carbon intensity reporting across all your assets
Provide tools for managing, auditing, versioning, etc of carbon intensity assessments
Benchmark carbon intensity performance across assets, recovery process, companies, etc.
Provide sensitivity analysis to understand key factors impacting carbon intensity
Provide what-if analysis to understand how changing operational scenarios can affect future carbon intensity
It provides estimates of uncertainty in carbon intensity using sophisticated uncertainty quantification approaches
It is seamlessly integrated with our forecasting tools like Probabilistic Decline Curve Analysis (pDCA) for future carbon intensity forecasting
It is available on the Tachyus Cloud, with no infrastructure footprint or upfront compute costs
It can be easily extended to accommodate other estimation tools and protocols
Tachyus’s Carbon Intensity platform leverages industry standard OPGEE tool from Stanford University and California Air Resources Board (CARB)
With growing worldwide consensus about the impacts of climate change, the oil and gas industry faces unprecedented pressure to redefine itself, minimize its carbon footprint, and ultimately move towards an energy transition. As per McKinsey, if the world is to come anywhere near to meeting its climate-change goals, the oil and gas industry will have to play a big part. It is therefore imperative that the industry is able to easily and accurately measure its carbon footprint, monitor key sources of emissions and ultimately minimize it via operational and other optimizations. This need is further accelerated by regulatory, investor, consumer and market forces, in many cases making it mandatory for corporations to report their carbon footprints. Tachyus’s Carbon Estimation and Forecasting platform is designed to be the one-stop-shop for all things carbon for the oil and gas industry.
Tachyus’s Carbon Estimation and Forecasting platform leverages the industry standard OPGEE tool that adheres to the GHG Protocol. It is developed by Stanford University and California Air Resources Board (CARB). It has been used to report carbon intensity for over 9000 fields worldwide and results reported in the prestigious Science Magazine. This therefore not only provides a robust, tested and reliable approach to estimate carbon intensity, but also provides transparency to all calculations, thereby making it thoroughly auditable. By leveraging our expertise in cloud computing, data integration, modeling, forecasting, uncertainty quantification and optimization, we have extended the usability of OPGEE significantly.