Bjørn Otto Sverdrup

Bjørn Otto Sverdrup was appointed chair of OGCI’s Executive Committee in 2021 and became head of the Oil & Gas Decarbonization Charter Secretariat in 2024. Sverdrup is also a non-voting member of the board of Climate Investment. Sverdrup brings over 20 years’ energy industry leadership experience to OGCI. He has had a long career at Norwegian energy company Equinor, most recently as Senior Vice President for Corporate Sustainability. Sverdrup is on the Climate Advisory Board of Norges Bank Investment Management, which manages one of the world’s largest sovereign wealth funds. He is also a TED speaker, as well as a guest lecturer at Imperial College, Columbia and Harvard Business School.

Session Overview

Tuesday, 5 November

All Sessions

13:00

Strategic Conference ICC Hall 13:00 - 14:00

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Decarbonising operations across upstream, midstream and downstream

Oil and gas operations account for 15% of total energy-related Scope 1 and 2 emissions globally. To meet the IEA’s Net Zero Emissions by 2050 scenario, Scope 1 and 2 emissions must be reduced by 50% by 2030. Producers have the means to achieve this target, including reducing methane emissions, the elimination of non-emergency flaring, the clean electrification of upstream facilities and equipping oil and gas processes with CCUS technologies. However, an estimated US $600 billion in investment will be needed to deliver the 50% reduction in the timeframe required. In addition, collaboration between sectors will be critical when optimising supply chain operations, allowing for greater efficiencies and increased profitability.

Attendee insights:

Understand what is needed to decarbonise upstream, midstream and downstream operations, addressing the necessary requirements related to Scope 1 and 2 emissions and identifying the effective levers for decarbonisation.