BP said on Tuesday it has invested in a geospatial analytics software company, as part of its plan to monitor and reduce methane emissions, Kallanish Energy reports.
Through subsidiary BP Ventures, the company injected $5 million in the cloud-based Geospatial Analytics. The investment will enable Geospatial to develop its technology further and scale its application throughout the oil and gas sector.
The technology uses high-resolution spectral imagery from the planet’s surface using satellites, drones, and planes. The monitoring can also use fixed cameras and stratospheric balloons. Following the analysis of data, alerts can be issue to facility risks such as methane leaks.
BP plans to deploy a number of methane detecting techniques across its new and existing facilities. The aim is to have methane measurement active in its major sites by 2023 and then reduce methane intensity of operations by 50%.
This post appeared first on Kallanish Energy News.