INHALT
Problem - Economic Impact and CO2 Taxes
The EU Green Deal includes strict rules to reduce greenhouse gas emissions, including CO2 taxes. According to a McKinsey analysis, these taxes could cost the oil and gas industry a lot of money. By 2030, the CO2 tax is expected to be about USD 50 to 100 per ton of CO2, possibly rising to USD 100 to 150 per ton by 2050. These taxes will increase operating costs for oil and gas companies, forcing them to either raise prices for consumers or reduce their profits.
Solution - Countermeasures: Technological Solutions for CO2 Emission Reduction in Drilling Processes
This research will provide a clear analysis of how the EU Green Deal affects the oil and gas industry economically, focusing on technological solutions for reducing CO2 emissions during drilling processes. By covering both theoretical and practical aspects, this thesis aims to offer useful insights and strategies for the industry to navigate the new regulations while improving sustainability and profitability. |
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AUFGABENSTELLUNG
Theoretical Framework
For the theory part, the upstream value chain will be shown, and its key CO2 savings potential based on a life-cycle assessment will be identified. The next level will look at specific conditions (like differences between offshore and onshore, tight vs. conventional reservoirs, types of reservoirs, and production methods such as primary, secondary, and tertiary) in the context of life-cycle assessments related to CO2 emission reduction potential. This will cover not only exploration but also production, using publicly available data.
Practical Application
Then, three comparable company-specific (drilling-related) cases using available data will be compared. The focus will be on comparing the data. The CO2 savings achieved through existing technologies will be measured by comparing data from the drilling processes of these three companies. By implementing these measures, oil and gas companies can improve their CO2 balance, stay competitive in a more carbon-constrained economy, and achieve significant cost savings to offset the impact of CO2 taxes. |