Smooth Road to ESG and Fiscal Performance

by | Oct 14, 2021 | Oil & Gas

Amy Thibault

Director Marketing, Brand & Communications, Zedi Cloud SCADA Solutions

Sometimes there are fears that environmental, social and governance (ESG) practices has to be counterproductive to the bottom line. You read about some organizations promising to blanket the globe with millions of carbon-capturing trees and realize that those trees are also absorbing a lot of capital. Investors may like the leaves in programs like that, but when those programs are fertilized with barrels of red ink, it’s suddenly not so appealing.

Fortunately there are ways to achieve both—and Emerson’s Zedi Cloud SCADA Solutions can be a black-ink-producing, carbon-reducing and safety-enabling option for companies trying to achieve both. The road toward a digitally-transformed operation for both increased ESG opportunities and fiscal responsibility may be much smoother than you think.

Zedi Cloud SCADA Solutions assembles your asset data into useful, manageable reports that boost efficiency and let you see where you can reduce leaks, improve the management of people and energy. All of that and more checks both ESG and profitability boxes keeping the communities where we all work, live and play as well as all the stakeholders looking at the black ink proud, safe and satisfied.

Here are just some of the digital tools we offer to help you drive fiscally sound, successful ESG improvements:

GHG Emissions

You’ll receive regular inventory reports of potential greenhouse gas (GHG) emissions sources. While volumes are not reported, you’ll still see immediately where to look for those sources.

One of the top GHG emissions would be methane from natural gas or other hydrocarbons. Of course, any natural gas that leaks out is natural gas that can’t be sold at a profit through the pipeline. So this is the first win-win.

Energy Management

You’ll see useful reporting of energy consumption, letting you evaluate areas where energy use can be reduced, especially during any idle hours. Reducing unnecessary energy use is money not wasted, and it reduces GHGs at a gas or coal plant, most likely, when the wind isn’t turning turbines.

Site Efficiency

Remote monitoring at its heart is about team member efficiency. Instead of pumpers daily driving hours and hours to remote sites—burning diesel or gasoline by the tankful—where everything is probably running normally, presents a huge cost in fuel, time and trucks. And those trucks emit GHGs.

Having real-time access to well data boosts efficiency by limiting those trips only to times when they’re needed. It also limits downtime because, instead of a pumper finding a production-losing pump failure or tank leak hours or days after it started, you’ll know immediately. This boosts production by limiting downtime. All this while reducing unnecessary site trip. Check, check.

Workforce Health and Safety

Because Zedi Cloud SCADA Solutions reports potential leak locations, any personnel arriving onsite can prepare with proper PPE before leaving the truck. They’ll also be carrying the right tools and equipment to make efficient repairs.

Remote site monitoring also limits dangerous road time, along with driver fatigue from well-hopping at all hours. Less of that means fewer accidents.

All these features improved the environment, and safety while boosting stakeholder value at the same time.

More and more investors are seeing that ESG does not have to cost money and reduce profits. They—and companies—are finding ways to blend the two successfully to achieve the larger picture goals and targets.

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The opinions expressed here are the personal opinions of the authors. Content published here is not read or approved by Emerson before it is posted and does not necessarily represent the views and opinions of Emerson.