Continental Focus, International Reach

Statoil Hits CO2 Reduction Targets Early

Tuesday, September 26, 2017

Statoil has achieved its 2015 target of reducing the CO2 emissions from the Norwegian continental shelf by 1.2 million tons annually from 2008 to 2020. The reduction equals the emissions from some 600,000 private cars annually, or almost every fourth car on Norwegian roads.

“It is essential that we take strong and effective actions to meet the challenges associated with man-made climate change and to realize the important goals set in the Paris Agreement. Targeted efforts are therefore underway throughout our business,” says Arne SigveNylund, executive VP, Development and Production Norway (DPN).

“The results show that it is possible to achieve ambitious emission reduction targets. Skills, technology and hard work over time pay off, and confirm that the transformation we need must be achieved in cooperation with, not in opposition to the petroleum industry,”Nylund says.

In 2008 the petroleum industry, under the direction of Konkraft, set a collective energy efficiency goal equivalent to 1 million tons of CO2 per year between 2008 and 2020. Statoil’s share of this was 800,000 tons. In 2015, four years ahead of schedule, Statoil achieved this goal, and therefore the company raised its target by 50 percent to 1.2 million tons the same year.

“We did not know how to achieve the targets set in 2008, but we did get there. And the emission reductions have been both quicker and bigger than we defined as our original ambition. This gives us important inspiration and motivation when we now go for our 2030 target,” Nylund says.

The cuts have been achieved thanks to many actions taken offshore from the target set in 2008. In the nine years since Statoil has implemented 228 energy improvement measures within the categories of flaring, production processes, gas compressors, and gas turbines.

In August 2016, the petroleum industry, under the direction of the Norwegian Oil and Gas Association, launched an ambition of introducing carbon reduction measures equivalent to 2.5 million tons on the NCS by 2030, compared with 2020. Statoil’s share of this is 2 million tons.

“We aim to reduce CO2 emissions from the NCS by another 2 million tons by 2030, i.e. a total of 3.2 million per year. This work starts now. We do not have all of the answers to how to achieve this, but the results we have achieved show that we can find solutions that make this possible,”Nylund says.


« GO BACK