Statoil increases environmental commitment on the NCS

Published Nov 12, 2015
Statoil increases environmental commitment on the NCS

Since 2008, Statoil has had the aim of reducing CO2 emissions on the Norwegian continental shelf (NCS) by up to 800 000 tonnes by 2020.

The company is already close to achieving this goal, four years ahead of time, and therefore increases the target by 50% to 1.2 million tonnes.

“In Norway, we produce oil and gas with half of the CO2 emissions per unit of output compared to the global industry average. By aiming even higher now, we are reinforcing our leading role in the coming years as a low-emission producer of oil and gas,” says Arne Sigve Nylund, executive vice president, Development and Production Norway (DPN).

In 2008, the petroleum industry, led by Konkraft, agreed on a goal of improved energy efficiency equivalent to 1 million tonnes of CO2 between 2008 and 2020. Statoil’s share of this was 800,000 tonnes.

“For several years now, we have been working hard at managing our energy use and improving energy efficiency on all our installations, which means that we have already practically achieved our Konkraft target. That is why we are now setting a new target of another 400,000 tonnes by 2020,” says Nylund.

With a total reduction of 1.2 million tonnes, Statoil will have reduced emissions on the NCS by the equivalent of emissions from about 750,000 cars, or every third car in Norway.

“Statoil aims to maintain profitable production from the NCS at current levels until 2030 and beyond. If we are to succeed, it is vital that we maintain our leading position in low emissions,” says Nylund.

Tags: Statoil


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