The carbon emissions associated with the production and transportation of crude oil and ‎condensates accounted for around 5% of total carbon emissions from energy use in 2015. The GHG intensity of crude oil (whether just from production or through to and including end use) has become of particular interest. Saudi Arabia is the largest global oil producer but has a small number of extremely large and productive reservoirs. These carbon intensity values are based on oil field data from the year 2015. Investors and stakeholders are increasingly prioritizing the environmental, social, and governance performance of oil and gas companies. Understanding the GHG intensity of crude oil: The challenge of averages. Value Calculation of 2017 Crude Average Carbon Intensity Value 4 Crude carbon intensity values are from Table 9 of the LCFS regulation . 5 California Department of Conservation, 2018 Report of California Oil and Gas Production Statistics. Producing, transporting, and refining crude oil into fuels such as gasoline and diesel accounts for ∼15 to 40% of the “well-to-wheels” life-cycle greenhouse gas (GHG) emissions of transport fuels (1). Carbon Intensity of Crude Oil in Europe 1 the International Energy agency (IEa) predicts that global consumption of crude oil will increase 27% over the next two decades, from 83 million barrels per day (mmbbl/d) in 2009 to 105 mmbbl/d in 2030 (IEa, 2009). In June 2020, Deborah Gordon co-authored, "Carbon intensity of global crude oil refining and mitigation potential," a study focused on assessing the lifecycle climate impacts of the oil and gas sector and reducing emissions in line with international climate targets. In the recently published study “Global carbon intensity of crude oil production" (Masnadi et al, Science) the total petroleum well-to-refinery emissions is estimated to be 1,7 Gt CO2 eq, which is 42 per cent higher than the estimations made by the industry and constitute 5 percent of global total emissions. Extracting, transporting, and refining crude oil on average account for about Saudi Arabia is the largest global oil producer but has a small number of extremely large and productive reservoirs. The country has low per-barrel gas flaring rates and low wa-ENERGY AND CLIMATE Global carbon intensity of crude oil production POLICY FORUM … The country has low per-barrel gas flaring rates and low wa-E NERGY A D CLIMATE Global carbon intensity of crude oil production POLICY FORUM … Low Carbon Fuels Standard.
2020 global carbon intensity of crude oil production