The world’s largest oilfield services company and the world’s largest oil company are partnering to develop a digital platform to help decarbonize hard-to-abate industrial sectors.
Schlumberger Ltd. and Saudi Arabian Oil Co. (Aramco) said this week that, “The proposed platform will enable companies in industries such as oil and gas, chemicals, utilities, cement and steel to collect, measure, report and verify their emissions, while also evaluating different decarbonization pathways.”
The announcement came during the Schlumberger Digital Forum in Luzern, Switzerland, at which Aramco CEO Amin Nasser stressed the importance of oil and gas investment alongside the global transition to clean energy.
“Aramco and Schlumberger are hoping to draw on our long history of collaboration and partnership to deliver a digital sustainability ecosystem that enables global organizations to manage their carbon emissions and realize ambitious sustainability goals,” said Schlumberger CEO Olivier Le Peuch. “The sustainability platform will be a game changer for the energy and hard-to-abate industry sectors as they look toward a lower-carbon future.”
Aramco is aiming to reach net zero Scope 1 and 2 greenhouse gas emissions across its wholly owned operated assets by 2050.
“This collaboration represents an unprecedented opportunity for both companies to leverage digitalization to tackle one of the most critical challenges of our generation,” said Aramco’s Ahmad A. Al-Sa’adi, senior vice president of technical services. “At the same time, it would expand digital capabilities within the Kingdom of Saudi Arabia and harness Schlumberger’s global reach to potentially deliver a worldwide impact.”
The platform would allow customers “to measure and report baselines, targets, emissions, offsets and credits, helping them to manage their carbon footprints more effectively by increasing the availability and visibility of relevant data in a transparent and flexible solution,” Schlumberger said.
The firm added that, “Building on an open architecture, the platform will be extendable into other aspects of the industries’ sustainability efforts, both current and future, and will ultimately include workflows such as water sustainability and management, methane emissions measurement, flaring reduction and prevention, and carbon capture and storage.”
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