Statoil has joined forces with a number of other oil companies to commit to ending the practice of routine gas flaring at production sites by 2030.
The company’s chief executive Edar Saetre represented Statoil at a signing at the World Bank in Washington with Norwegian foreign minister Borge Brende.
Norway banned routine flaring in 1971, but figures show globally every year around 140 billion cubic metres of associated natural gas is burned or “flared” at thousands of oil fields.
Eldar Saetre said: “Meeting the target of zero routine flaring by 2030 is a highly important contribution our industry can make towards mitigating climate change.
“In our operations in Norway we do not carry out any routine flaring. This leading performance was made possible by a government determined to avoid waste and maximise value from its natural resources.”
