published Mon, February 20, 2012
Carbon performance
Statoil's ambition is to be an industry leader in carbon efficient production of oil and gas.
We believe this will give Statoil a competitive advantage as we
expect higher carbon dioxide prices and stronger regulatory
requirements in most countries in the future.
Companies early adapting to a carbon restrained world will have a
competitive advantage from capacity building and investments done
to find solutions to emission reductions.
International benchmarks show that the Norwegian continental shelf
(NCS) is among the most carbon efficient oil and gas producing
regions in the world. In 2011, Statoil had 75 % of its production
on the NCS. This share will be reduced in the future as Statoil
expands its international production.
Based on available data we believe that Statoil is one of the most
efficient upstream producers in the conventional oil and gas
industry. In the 2011 benchmark from The International Association
of Oil & Gas Producers (OGP), the average emission intensity
was 133 tonnes CO2 per 1000 tonnes production (23 kg CO2/boe),
while Statoil's average was 46 tonnes CO2 per 1000 tonnes
production (9 kg CO2/boe). These numbers represent emissions from
fields under operational control.
Future ambitions
Our business plans forecast that emission intensities
will increase towards 2020, driven by growth in the international
portfolio and maturing assets on the NCS.
Statoil's ambition for conventional oil and gas production in 2020
is to keep CO2 intensity on today's level for the company even
though we double our international production in the same
period.
• Our target for activities on the Norwegian continental shelf is
to reduce CO2 emissions by 1 million tonnes between 2008 and 2020
(ref. Konkraft report 2008)
• Our target for international production is to bring down
emissions towards NCS level by 2020
Ambitions for the Norwegian continental shelf
In average, approximately 135 000 tonnes of CO2 have been
reduced through efficiency measures each year since 1991 on the
NCS. This is also due to 20 years of regulations and CO2 tax as
well as geological conditions and closeness to gas markets in the
Norwegian production.
Statoil is committed to contributing to the overall industry goal
of achieving improved energy efficiency equivalent to CO2 emission
reductions of one million tonnes by 2020, compared with 2007
(according to Konkraft report, no. 5, 2008, and later follow-up of
the report). Since Statoil operates about 80 % of the installations
on the NCS, our target is to contribute to 80 % of the Norwegian
petroleum industry's pledge for 2020. By the end of 2011, we had
already achieved approximately 520,000 tonnes of CO2
reductions.
Cost effective energy efficiency measures are increasingly
difficult to find on existing NCS installations because a large
number of such measures already have been implemented since the CO2
tax was introduced in Norway in 1991. We have identified further
feasible measures and new installations will be built
state-of-the-art energy optimized. This will take us to the
remaining 300 000 tonnes of CO2 to be reduced to meet our target by
2020.
Date: 20/02/2012