Bucharest, Romania, 3 September 2024 – XP Upgreen, a leading provider of comprehensive strategies and solutions for reducing the carbon footprint of Oil and Gas upstream operators, today announces it has been awarded the Methane Emissions Monitoring, Reporting and Verification (MRV) service contract for four major assets in Romania for one of the largest Oil & Gas producers in Southeastern Europe.
Under this contract, XP Upgreen will annually measure and report all methane emissions in compliance with the new EU Methane Regulation. This includes emissions from a large number of facilities, active wells and pipelines, and inactive wells, over the next three to five years. This service will enable our partner to meet the new EU Regulation on Methane Emissions Reduction in the Energy Sector and advance its decarbonization and sustainable development goals.
“This contract allows XP to extend its fruitful partner relationship to make oil and gas fields more sustainable for longer time,” said XP Group CEO David Martinon.
XP Upgreen Managing Director Bart Wauterickx added, “Our field technicians will identify methane emissions sources and accurately quantify them to create a comprehensive and transparent methane emission profile for each of the four assets in Romania. Our reports will comply with the stringent EU Methane Regulation requirements. Additionally, we will highlight opportunities for repairs and engineering changes to reduce these emissions.”
XP Upgreen provides comprehensive strategies and solutions to reduce the carbon footprint of Oil and Gas operators while maintaining operational efficiency and regulatory compliance. Their activities include measuring and reporting emissions, implementing proven abatement solutions, offering strategic guidance, and monetizing carbon credits.
For more information, contact:
- XP Group CEO David Martinon – DMartinon@XP-Group.com
- XP Upgreen Managing Director Bart Wauterickx – Bart.Wauterickx@XP-Group.com
About XP Group
Formerly known as Expert Petroleum, XP has over 18 years of experience in redeveloping mature oil and gas fields to enhance safety, environmental performance, and productivity. In 2022, the company rebranded to XP to better support its partners in sustainable upstream operations. XP's expertise spans production enhancement through its Uplift division and decarbonization solutions through its Upgreen division.
