- EUMR Readiness Assessment
EUMR Readiness Assessment
Producers selling crude oil and natural gas into the European Union face first-of-its-kind methane reporting and verification expectations under the EU Methane Regulation (EUMR). However, many organizations lack clarity on organizational boundaries, source category mapping, quantification methods, reconciliation processes, and uncertainty analysis required to comply.
Highwood’s EUMR Readiness Assessment service evaluates your readiness for reasonable assurance verification engagements and delivers detailed findings and recommendations to strengthen reporting processes.
Benefits
You will complete this assessment with a foundational understanding of each in-scope asset’s level of preparedness for EUMR verification and obtain a comprehensive list of improvement opportunities.
Use cases
- You have EU market exposure and need to gap assess your current methane reporting processes against anticipated EUMR requirements
- You are an OGMP 2.0 signatory and need assessment of your OGMP 2.0 workflows against a formal assurance protocol
- You are NOT an OGMP 2.0 signatory and need assessment of your OGMP 2.0-aligned workflows against a formal assurance protocol
Inputs
- Latest measurement-informed inventory and data sources for each asset in scope for review
- Organizational and operational boundaries for the assets in scope
- Highwood will take you through aspects of a mock verification engagement and request back-up emissions data for source categories or parts of the reporting process at highest risk of material misstatement
Outputs
- The methods and results of desktop verification activities including strategic analysis, risk assessment, and the development of evidence-gathering activities.
- Completion and reporting of the results of desktop-based evidence-gathering activities
- Conformance assessment against technical protocols that may be accepted by the European Union
- A list of findings and associated recommendations to come into conformance with expectations and improve real verification outcomes
- The development of a traceable reconciliation workflow
- Uncertainty assessment and uncertainty reporting
Estimated timeline
6–8 weeks, depending on client responsiveness; additional reporting assets may extend the timeline.
Next step
Speak to a Methane Advisor to confirm EU exposure scope and prioritize the roadmap actions.
- Get in touch
Next step
Speak to a Methane Advisor to confirm EU exposure scope and prioritize the roadmap actions.
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