Cairn Oil & Gas, part of Vedanta Group and India's private oil and gas exploration and production company, has signed a Memorandum of Understanding (MoU) with the United Nations Environment Programme's flagship methane reporting and mitigation initiative, Oil and Gas Methane Partnership (OGMP) 2.0.
This partnership makes Cairn the first oil and gas producer in India to commit to effective reduction of methane emissions, further accelerating its efforts to decarbonise its operations. OGMP 2.0 established a comprehensive framework that includes best practices for emissions management and a robust reporting system, emphasizing accurate measurement, reporting, and verification (MRV) of methane emissions to drive reductions effectively.
Under this MoU, Cairn will establish a 5-year methane reduction target and transparently report its progress to OGMP, enabling Cairn to analyze its emission profiles and use the data to mitigate emissions cost-effectively.
Cairn Oil & Gas becomes India’s first oil company in UNEP’s OGMP 2.0
OGMP 2.0 covers over 40 percent of global oil and gas production, empowering companies to improve the quality and accuracy of emissions data for effective methane reduction. By joining OGMP 2.0, Cairn has set a new benchmark in India's oil and gas industry for methane transparency and actively contributing to the nation's environmental objectives.
This membership brings the first upstream oil and gas company in India into the initiative, doubling OGMP 2.0 coverage close to one-fourth of Indian oil and gas production.
Cairn Oil & Gas, Vedanta Limited., is committed to enhancing its operational performance in synergy with climate change mitigation and further plans to minimize emissions through process optimization, improved reliability, and low-carbon technologies. The multi-pronged long-term strategy to become Net Zero Carbon by 2030 is backed by a meticulous plan exploring new opportunities.
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