PDO Leads the Way to a Net Zero Future by 2050

Strategic Insights -

PDO, the largest oil and gas producer in Oman, is paving the way to a sustainable future through a series of innovative projects aimed at reducing emissions and transitioning to renewable energy sources. As part of its commitment to Oman Vision 2040 and global decarbonization goals, PDO is successfully implementing integrated projects that merge energy production with significant emissions reduction. The company's pioneering pilot project in the Dhulaima field demonstrates technical feasibility and reservoir stability, yielding promising results with no gas breakthrough and a positive pressure response.

Key Takeaways:

  • PDO has set a target to achieve Net Zero emissions by 2050, in line with Oman Vision 2040 and global decarbonization goals.
  • The Dhulaima field pilot project has demonstrated technical feasibility and reservoir stability, yielding promising results with no gas breakthrough and a positive pressure response.
  • The project has opened access to substantial untapped oil reserves and supports emissions reduction through a carbon capture, utilisation and storage (CCUS) framework.
  • PDO has successfully deployed carbon dioxide (CO2) injection into the Upper Shu'aiba reservoir, an area previously considered inaccessible due to limitations of conventional water injection and low rock permeability.
  • The company has generated 10% of its operational energy requirements from renewable sources, a key stepping stone in its broader Net Zero strategy.
  • PDO has set a target to generate 30% of its operational energy requirements from renewable sources by 2026.
  • The Riyah-1 and Riyah-2 solar projects, with a combined capacity of 200 megawatts, will offset around 740,000 tonnes of carbon dioxide emissions annually once operational in 2026.
  • The North Concession photovoltaic solar project, with a capacity of 100 megawatts, will contribute to a reduction of over 220,000 tonnes of emissions each year.

Sources:

  • "Wealth" newsletter by the Ministry of Energy and Minerals, July edition
  • PDO's website and reports
  • Oman Vision 2040

Statistics:

  • 2050: Target year for PDO to achieve Net Zero emissions
  • 30%: Target share of operational energy requirements from renewable sources by 2026
  • 740,000 tonnes: Estimated annual carbon dioxide emissions offset by the Riyah-1 and Riyah-2 solar projects
  • 220,000 tonnes: Estimated annual carbon dioxide emissions reduction contributed by the North Concession photovoltaic solar project
  • 1,800 tonnes: Annual carbon dioxide equivalent emissions reduced by PDO's car park solar project
  • 10%: Share of operational energy requirements generated from renewable sources as of now
  • 2026: Target year for PDO to generate 30% of its operational energy requirements from renewable sources
  • 2020: Year when PDO's Amin photovoltaic solar power plant became operational
  • 1.1 million tonnes: Cumulative reduction of carbon dioxide emissions delivered by PDO's Amin photovoltaic solar power plant as of 2020