GE and Statoil are collaborating to accelerate the development of more environmentally and economically sustainable energy solutions to help fuel the future. This joint technology-focused program is aimed at driving an industrial response to some of the biggest challenges facing global oil and gas production, including flaring, CO2 and methane emissions, and water usage, while also optimizing business operations.
The program will focus on developing new approaches to create efficient, low-cost technologies for oil and shale gas production while also reducing emissions. In its initial stage, the collaboration builds on a foundation of concrete projects already initiated that address key sustainability dimensions of the industry, including reducing flaring and lower CO2 intensity through innovative application of CNG In A Box as part of the Last Mile Fueling solution, reducing water usage through CO2 stimulation, increasing fuel efficiency through gas compressor optimization, and increasing fuel efficiency with turbine online water wash technology.
Initial estimates show that the execution of these first projects could result in combined CO2 savings. The Last Mile Fueling solution in the Williston Basin in North Dakota has the potential to reduce the equivalent of 120,000–200,000 tons per year of CO2 emissions through reduced diesel fuel usage, while the other projects being developed hold potential for similar, or even larger, reductions. Additionally, the collaboration aims to reduce water usage as well as methane and NOX emissions, while also increasing oil and gas production.
GE and Statoil are also launching a global Open Innovation Challenge. Knowing that great ideas can be conceptualized outside of their own companies, the Challenge will invite innovators from around the world and beyond the oil and gas industry to develop potential solutions to make energy production more sustainable.
The first phase of the Open Innovation Challenge specifically aims to address the use of sand in unconventional operations. Focusing on sand – which requires thousands of truck trips to transport this proppant onto the site when drilling new wells – has the potential to reduce the environmental impacts on local communities, lessen emissions, and make energy production more efficient. GE Oil & Gas and Statoil will help fund the commercial development of winning approaches.