Yesterday, Equinor [formerly Statoil] launched plans about redusing climate gas emissions on the Norwegian shelf down to nearly zero by 2050.
Equinor’s new ambition is to reduce the accumulated climate gas emissions from its operating fields and land-based facilities in Norway by 40 percent by 2030, 70 percent by 2040 and towards zero by 2050. That implies cutting more than five million tons of CO2 by 2030.
Equinor is clear that this does not mean an end to oil and gas production in Norway.
- While realising these ambitions we expect our operated fields and facilities to create significant values. The fields and facilities carry the potential to generate some NOK 3,000 billion in revenues for the Norwegian state towards 2030. New fields, longer duration, increased oil and gas exploitation as well as efficient operations will contribute to a high level of wealth creation, says CEO Eldar Sætre.
Equinor is planning to invest some NOK 50 billion along with its partners by 2030 to cut emissions and strengthen the long-term competitiveness of its fields and facilities.