Every year industry leaders, prominent subject experts, policy shapers and decision makers meet at the 4C Health, Safety and Environmental Conference to contribute to the shared goals of safety, compliance and education in the oil and gas sector.
Heading to the conference February 6-8 2019, Fluenta will display its leading ultrasonic measurement technology to educate attending companies on how to effectively monitor and report their flare gas emissions.
All oil and gas operations – on land and at sea – are impacted by industry regulation. With a growing number of laws in effect, there is a high cost to noncompliance.
However, the current regulatory and reporting landscape for oil and gas professionals is complex. New regulations vary between countries, making it more difficult for companies to effectively manage risk within changing guidelines.
Oil and gas companies need to comply with regulations set by OSHA, BSEE, USCG, COBIT, ISO, as well as compliance mandates such as; the Extractive Industries Transparency Initiative (EITI), Amendments to EU Directives, SOX, FCPA and other compliance programs based on federal and state regulations. All of which govern the ways in which oil and gas companies can legally operate.
Failing to navigate these regulations will not only lead to fines for noncompliance, but could also result in production delays, accidental loss of data and other potentially expensive processes.
The effect on flaring
As a significant contributor to global CO2 emissions, gas flaring is a process that has drawn regulatory attention in the last decade.
When there is no infrastructure in place for oil and gas companies to manage excess natural gas, operators are forced to vent or flare it for safety reasons. However, its environmental impact has led to a crackdown from regulators on the amount of gas operators can flare.
For example, in North Dakota’s Bakken Region, the North Dakota Petroleum Council (NDPC) recently introduced strict regulations to curb excess flaring in the region. While in Nigeria, new Flare Gas (Prevention of Waste and Pollution) Regulations are also in place to reduce the loss of $10 billion worth of energy.
Meeting for change
Operators need to be aware of how much they are flaring to effectively meet regulations. To comply, companies need to rely on monitoring and measurement technology that understands and tracks the amount of natural gas being burned to a small degree of accuracy.
Join us at the 4C Health, Safety and Environmental Conference in Austin, Texas (booth 210) to find out how Fluenta can help your company maintain regulatory compliance with trusted and accurate flare gas measurement.
For more information on Fluenta’s FGM 160 Flare Gas Meter, click here.