Emissions solutions for data driven emissions reduction,
commercialization through carbon credits, and reporting
compliance
HOUSTON and TULSA,
Okla., June 26, 2024 /PRNewswire/ -- Occlusion
Solutions, a leading provider of decommissioning operations for the
oil and gas industry, is shaping the future for oil and gas well
retirement by strategically incorporating Envana Software
Solutions emissions management into their retirement solution.
Occlusion focuses on innovation to provide a safe, efficient, and
environmentally responsible end-to-end solution for end-of-life
assets. This collaboration with Envana helps Occlusion meet
increasing expectations for emissions reporting from well
retirement services and ensures compliance with state emissions
management requirements.
"We're moving beyond outdated methods, ensuring safe and
economically feasible operations. With the integration of Envana,
we're not just plugging wells, we're optimizing our clients'
sustainability outcomes," says Michael
Orr, Founder and CEO of Occlusion Solutions.
The Occlusion Solutions team differentiates itself from
traditional decommissioning providers by applying modern technology
toward the retirement of oil and gas assets. Leveraging Envana
helps support a robust data collection and analytics process that
maximizes emissions reduction and enhances economics for Occlusion
and its customers. Occlusion utilizes emissions data to quantify,
then prioritize, the emissions impact of abandoning any set of
wells. Once abandoned, Occlusion applies post-remediation
monitoring to validate the successful plugging operation. Finally,
operational data is captured, analyzed, and distributed for
regulatory compliance and commercialization via carbon credits.
"Our industry is ready for a new approach to decarbonization,
and our collaboration with Envana enables us not only to meet but
exceed market expectations in emissions management. Our
profitability is now intrinsically tied to our commitment to
sustainability," added Orr.
Occlusion Solutions leverages its deep industry knowledge and
the latest digital solutions, including Envana emissions management
SaaS (Software as a Service), to create long-term value. Envana's
comprehensive solution enhances the productivity of plugging
operations, optimizes costs, and streamlines end-to-end processes
to align with market expectations and emissions management
requirements.
"We are thrilled to support Occlusion Solutions in their
innovative approach to well retirement. Envana's emissions
management SaaS, through its comprehensive carbon inventory
management capabilities, not only ensures compliance but also gives
companies a competitive edge, ultimately contributing to their
profitability," stated Nagaraj
Srinivasan, Lead Board Director of Envana and SVP of
Halliburton Landmark, Halliburton
Consulting and Halliburton Digital Solutions.
"We're excited to help tackle the problem of retiring
late-life and abandoned oil and gas wells," stated PR
Panigrahi, Managing Director and Head of Energy and Decarbonization
Investments at Siguler Guff and Lead Board Director of Envana.
"The EPA estimates there are 3.7 million
abandoned oil and gas wells in the USA; these wells emit a material amount of
methane. Envana is proud to partner with Occlusion which is working
to address this challenge right in our backyard."
About Occlusion Solutions:
Occlusion Solutions is a decommissioning service provider
comprised of oil and gas industry professionals with extensive
global experience. The Occlusion innovative Go2Green™ process
revolutionizes well retirement, offering efficiency,
predictability, and real-time adaptability. For more information
about Occlusion, please visit
https://occlusion.solutions.
About Envana:
Envana provides emissions management Software-as-a-Service
(SaaS) solutions to measure, track, forecast, and report auditable
greenhouse gas emissions data in the oil and gas industry and
beyond. Formed as a joint venture between Halliburton and Siguler
Guff—a leading private markets investment firm—Envana is committed
to providing industry with the solutions to understand their
emissions, help meet their reduction goals, and unlock the value of
sustainable operations. For more information about Envana's oil and
gas emissions management solutions,
visit www.Envana.com.
Contact:
S. Lechin
Media@envana.com
713-487-5717
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SOURCE Envana Software Solutions