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First-Ever Freshwater Stewardship Certification Developed for Oil and Gas Producers

  • Partnership between the Center for Energy Water Sustainability at Colorado State (CEWS) and Project Canary

Project Canary, the leading natural gas certification firm, and The Center for Energy Water Sustainability (CEWS) at Colorado State University have established the oil and gas industry's first standardized freshwater reporting framework and metrics. Freshwater acquisition and management are a critical part of the well completion process, and this framework enables and encourages producer efforts towards freshwater stewardship, an important component of a responsibly sourced gas (RSG) certification program.

  • Water use plays a central role in oil and gas production, developing freshwater acquisition and use standards creates an accurate assessment of their use in oil and natural gas operations.
  • Producers can now differentiate their performance relative to water use and responsible stewardship as those who minimize or eliminate freshwater usage.
  • Companies reusing or recycling water in their operations will be considered more responsive to ESG objectives.
  • Accurate and independent ESG certification for the oil and gas water space is transformative.

The new reporting framework centers around responsible freshwater use and mitigation efforts and allows producers to differentiate their performance relative to water use. Companies reusing or recycling water in their operations will be considered more responsive to ESG objectives, thereby encouraging sustainable water practices.

"Project Canary's vision to bring accurate and independent ESG certification to the oil and gas water space is transformative. Working to bring elevated water stewardship to oil and gas operations has been very rewarding for our team, and we are excited to roll out the program to more regions of the country," said Dr. Ken Carlson, director of the CEWS.

Offshore Oil & Gas Decommissioning Market Report 2021-2031

Offshore Oil & Gas Decommissioning Market Report 2021-2031

Forecasts by Technology (Jackside & Topside Removal, Well Intervention Vessels and Systems, Cutting and Severing, Heavy Lift Technologies), by Structure (CT), Caissons, Mobile Offshore Production Units (MOPU), Well Protectors (WP), Subsea Templates (SSTMP)), by SSLNG Storage (Single Containment Tanks, Membrane Tanks, In-ground Tanks), by Technique (Well Plugging and Abandonment, Subsea Structure Decommissioning), by Removal (Partial Removal, Toppled in Place, Complete Removal), by Services (Project Management & Compliance, Materials Disposal, Site Clearance, Conductor & Power Cable Removal, Other) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Decommissioning Companies AND COVID-19 Recovery Scenarios

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"The CSU team's dedication to sustainable operations aligns perfectly with the mission of Project Canary. The framework our teams developed exhibits the same engineering rigor contained within the TrustWell certification," said Josh Zier, Lead Certification Engineer at Project Canary. "Applying this freshwater-verified attribute to our TrustWell process allows leading operators to differentiate their ESG leadership."

As drought conditions worsen and water becomes an increasingly valuable commodity, particularly in areas of heightened water stress, operators must strive to reduce their impacts on groundwater and freshwater resources. The new program accounts for regions facing increased water stress through a localized methodology that provides for competitive water use, population, and drought severity.

The Freshwater Friendly Verified Attribute joins the Low Methane Verified Attribute to supplement the broader TrustWell by Project Canary Certification.

 

Source: Project Canary
Date: Aug 26, 2021


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