Our ambition is to be recognized as the most carbon efficient oil and gas producer

Our ambition is to be recognized as the most carbon efficient oil and gas producer

  • Overview

    Summary

    Statoil acknowledges the scientific consensus on human-induced climate change, and supports the efforts of the United Nations and its member states to agree on and implement necessary climate measures to prevent dangerous manmade interference with the climate system. Statoil’s ambition is to be recognized as the most carbon efficient oil and gas producer. Our activities to support this ambition can be grouped under three main headings (i) maintaining a competitive footprint in our own operations; (ii) technology advances for low carbon energy; (iii) collaborating and advocating for cost-effective climate and energy policies;

    Commitment Target(s)
    • 2020 – In 2012, we established carbon emission intensity targets for 2020 for our operated assets. A segment-based approach was chosen to make industry comparisons possible and because carbon intensity varies significantly between production segments. The detailed of our six different 2020 targets can be found in our sustainability report: http://www.statoil.com/no/InvestorCentre/AnnualReport/AnnualReport2014/Documents/DownloadCentreFiles/01_KeyDownloads/Sustainability_report_2014.pdf (page 14)
      Our 2014 performance demonstrates that we are well underway to meeting our 2020 carbon intensity targets. In 2014, our overall carbon intensity was 11KgCO2/boe which is significantly lower than the industry average of 17kgCO2/boe.
      In order to measure progress a “carbon dioxide emissions” reduction KPI has been implemented. It measures emissions reductions through targeted projects, all with a positive net present value. The purpose is to stimulate innovation and enhance focus on emissions reductio

    • 2020 – Statoil is committed to the Norwegian industry’s Konkraft pledge to reduce CO2 emissions from the Norwegian Continental Shelf (NCS) by 1 million tonnes CO2 from 2007 to 2020. Statoil’s share of the pledge is 800 000 tonnes CO2 reductions. The status in 2014 is that approximately 630.000 tonnes have been reduced (79% of the target)

    • Sustainable Development Goals
      7. Affordable and clean energy; 11. Sustainable cities and communities; 12. Responsible consumption and production; 13. Climate action; 14. Life below water; 15. Life on land
      Issue areas
      Biodiversity; Climate Change; Energy; Principle 7; Principle 8; Principle 9
      Industry sector(s) that apply to this commitment
      Oil & gas producers
      Country(s) where this commitment will be implemented
      GLOBAL

      Partners

      Names of committing organisations

      Note: All organisations listed above are accountable for the commitment made. These organisations are required to complete an annual communication on progress for the duration of the commitment, either jointly or individually, as laid out in the accountability section of the submission form.