Statoil achieves climate target two years ahead of schedule

Source: Statoil

Statoil has already achieved its 2015 target of reducing the CO2 emissions from the Norwegian continental shelf by 1.2 million tonnes annually from 2008 to 2020.

Statoil has already achieved its 2015 target of reducing the CO2 emissions from the Norwegian continental shelf by 1.2 million tonnes 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.

In 2008 the petroleum industry, under the direction of Konkraft, set a collective energy efficiency goal equivalent to 1 million tonnes of CO2 per year between 2008 and 2020. Statoil’s share of this was 800,000 tonnes. 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 tonnes the same year.

The cuts have been achieved thanks to many actions offshore from the target was set in 2008. In nine years until September this year Statoil has implemented 228 energy improvement measures within the categories 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 tonnes on the NCS by 2030, compared with 2020. Statoil’s share of this is 2 million tonnes.

In Norway we produce oil and gas with half of the CO2 emissions per produced unit compared with the global industry average.

Numbers and facts:

  • Onshore and offshore Statoil-operated activities today generate some 13 million tonnes of CO2 emissions annually.
  • Overall, Norway as a nation emits some 53 million tonnes of CO2 annually (2016).
  • In 2016 Norwegian offshore activities emitted a total of 11.3 million tonnes of CO2. Statoil’s share offshore of this totalled some 9 million tonnes.
  • The cost of CO2 emissions is around NOK 500 per tonne (carbon tax and quota).
  • Statoil is paying almost NOK 4 billion per year in carbon tax.
  • Statoil-operated installations on the NCS have an average CO2 intensity of 9 kg per barrel of produced oil. The global average is 17 kg of CO2 per barrel.
  • Statoil’s target for 2030 is a carbon intensity of 8 kg per produced barrel for our global operations.

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