Context
XP delivered a comprehensive Decarbonization Strategy for a major oil & gas operator in Turkmenistan, supporting its ambition to become a net-zero GHG company by 2035.
The engagement covered both:
- Offshore oil & gas operations
- Onshore oil & gas operations
The objective was to build a transparent, data-driven emissions baseline and define a realistic, executable roadmap toward net-zero.
Challenges
The customer had a strong strategic ambition:
Achieve net-zero greenhouse gas emissions by 2035.
However, the organization required:
- A complete and accurate GHG emissions baseline
- Level 3 / Level 4 compliant emissions data (CO₂, CH₄, N₂O)
- Benchmarking against regional Caspian operators
- A structured and financially viable decarbonization roadmap
- Alignment between operational performance and climate objectives
XP’s approach
XP implemented a structured decarbonization framework covering baseline creation, benchmarking and roadmap development.
Establishing the GHG Baseline
- Built a comprehensive emissions baseline using Level 3 and Level 4 methodologies aligned with the GHG Protocol
- Covered the complete oil & gas asset base (offshore and onshore)
- Quantified CO₂, CH₄ and N₂O emissions
Regional Benchmarking
- Executed benchmarking of key emissions and energy performance indicators
- Compared performance against other Caspian operators
- Identified performance gaps and decarbonization potential
Net-Zero Roadmap Development
XP developed a detailed roadmap designed to achieve net-zero by 2035 based on technical feasibility and financial return:
- Ending routine flaring
- Electrification programs to eliminate high-emission diesel heaters
- Reduction of venting
- Implementation of LDAR routines
- Energy efficiency optimization
Results Achieved
Strategic & Operational Benefits
Complete and transparent GHG emissions baseline
Level 3/Level 4 compliant emissions framework
Fact-based emissions improvement opportunity list
Clear pathway toward net-zero by 2035
Financial & ESG Impact
Structured investment roadmap
Monetizable emissions reductions
Alignment with long-term sustainability commitments
Would you like to turn decarbonization into a performance, compliance, and cost-efficiency advantage ?
