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.

'We aim to reduce CO2 emissions from the NCS by another 2 million tonnes by 2030, i.e. a total of 3.2 million per year. This work starts now. We do not have all of the answers to how to achieve this, but the results we have achieved show that we can find solutions that make this possible,' Nylund says.

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

'The actions we have implemented and plan to implement also help add value, and will be one of our main competitive advantages going forward. Our goal is to maintain our industry leadership in producing oil and gas with lower emissions,' Nylund says.

Statoil ASA published this content on 22 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 September 2017 05:04:04 UTC.

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