Video Schlumberger Transition Technologies: Environmental Impact Quantification
Supporting United Nations Sustainable Development Goals (SDGs)
Schlumberger partners with customers to help decarbonize oil and gas operations as demand for energy grows and emissions reductions and global net-zero targets become key value drivers.
Transition Technologies offer solutions that are proven to quantifiably reduce environmental impact now, helping our customers to make more informed decisions.
To achieve this, our engineers developed a science-based methodology to consistently quantify the sustainability impact of these technologies on operations across the oil and gas value chain. Using the methodology as a starting point, we identify technologies that are available to begin reducing environmental footprint now, in addition to guiding our new product development processes.
Having a consistent science-based quantification methodology is fundamental to the Transition Technologies portfolio. Our quantification methodology builds on existing industry standards, guidelines, and data (GHG Protocol, ISO 14040, and others) combined with those more uniquely suited to our operations. It’s based on four fundamentals:
We aim for transparency of scope and data utilization with external verification where possible.
We compare technologies with equivalent ones to define value-driver threshold.
We map technology impacts to attributes, for example emissions reduction, which support the UN SDGs.
We identify where the biggest impact to footprint can occur within the technology life cycle.
Many oil and gas stakeholders communicate sustainability objectives through an SDG lens, so our methodology categorizes the environmental attributes of our technologies and links them to the United Nations SDGs most impacted.
The eight attributes we have defined more easily enable impact quantification and facilitate embedding methodology into our R&D process.
In 2021, Schlumberger committed to net-zero emissions by 2050 across scopes 1, 2, and 3 in line with climate science and the Greenhouse Gas Protocol. Our target supports the ambitions of the Paris Agreement, developed by the United Nations Framework Convention on Climate Change (UNFCCC), which seeks to reduce greenhouse gas (GHG) emissions by pursuing efforts to limit warming to 1.5 degC above preindustrial levels.