Executive Summary

A potential energy efficiency prize of over $1.5 billion/yr has been identified in the Upstream Oil and Gas Industry, out of a total energy use valued at over $12 billion/yr. The Business Case for Energy Efficiency in the Upstream Oil and Gas Industry illustrates that there are a large number of factors that can hinder progress on increasing energy conservation, despite the large potential prize. These factors are not necessarily technical barriers, but instead are motivational barriers which impact producer priorities and ability to invest in energy efficiency. The objectives and interests of all industry stakeholders must be reasonably addressed to allow optimum and appropriate efforts to conserve energy.

Final Report