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- Further refine data sets for the Oil & Gas Methane Emissions Reduction Project to come up with the use case for the Hyperledger Global Challenge 2022.
2 Oil Companies, one based in Permian and one based in Bakken in the US. Permian and Bakken each has 2 Audited Emissions Certificates, one for methane and one for flaring. These are denominated in kgCO2e total emissions for both:
- Permian Methane total emissions = P0
- Permian Flaring total emissions = P1
- Bakken Methane total emissions = B0
- Bakken Flaring total emissions = B1
CarbonTracker (C-NFT) links to the Audited Emissions Certificates, so there is a C-NFT for Permian linking to 2 audited emissions certificates (methane and flaring) and a C-NFT for Bakken linking to 2 audited certificates (methane and flaring):
- Permian C-NFT = (P0 + P1)/ total fuel produced (boe)
- Bakken C-NFT = (B0 + B1)/ total fuel produced (boe)
C-NFT is denominated in boe because both oil and natural gas are produced.
Local Gas utility buys 1 million cubic-meter natural gas, 60% from oil company in Bakken and 40% from oil company in Permian.
- Local Gas methane emissions per cubic-meter natural gas = (BOE/cubic-meter natural gas) * (60% * Permian C-NFT + 40% * Bakken C-NFT)
- Local Gas total = 1 million * above number
- Local Gas can be certified based on its methane emissions per cubic-meter natural gas
Consumer buys 2000 cubic-feet natural gas from Local Gas utility.
- 2000 cubic-feet natural gas =(cubic-meter/cubic-feet) * Local Gas methane emissions per cubic-meter natural gas
Time:
- Wednesday April 15, 2022 at 09 AM Pacific
- Add Climate Action and Accounting SIG calls to your calendar
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