Statoil said today that it had reached its 2020 carbon emissions reduction target already.
The Norwegian oil major said it had cut CO2 output on the Norwegian continental shelf by 1.2million tonnes a year between now and 2008.
Statoil said the same effect would be achieved by removing a quarter of private cars from Norway’s roads.
The business said it had implemented 228 energy improvement measures within the categories of flaring, production processes, gas compressors and gas turbines.
It intends to reduce its Norwegian CO2 emissions by another 2million tonnes by 2030.
Arne Sigve Nylund, Statoil’s executive vice president, development and production Norway, said: “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 under way throughout our business.
“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.”
