Research from Rystad Energy reveals that oil and gas production facilities could reduce emissions by over 80% by switching to electricity generated from renewables or natural gas. Norway exemplifies successful electrification, achieving an 86% reduction in CO2 emissions per barrel produced and aiming for a 70% overall reduction by 2040. However, other countries face logistical challenges like distance from the mainland and lack of infrastructure. Rystad identifies 30 'premium energy basins' (PEBs) worldwide that could significantly lower emissions if electrified, potentially avoiding 5.5 gigatonnes of CO2 by 2050. The report emphasizes the urgent need for the oil and gas industry to minimize its carbon footprint to meet climate goals. Overall, while electrification offers great promise, careful planning and investment will be critical for widespread implementation.