Our plan for reducing emissions
We have a robust and concrete plan to reduce our scope 1 emissions by more than 50% leading up to 2030. There are three main pillars in this:
- Electrification
- Portfolio optimisation
- Energy management
Electrification contributes to approximately 80% of our emission reductions between today and 2030.
Portfolio optimisation includes the retirement of the Balder FPU, which will have a positive impact on both emissions and operating cost. In addition, we’re targeting up to 10% emission reductions from continuous energy management towards 2030.
We take a value-driven approach to electrification. With electrification we see benefits from increased gas sales, higher production efficiencies and reduced operating cost, but we firmly believe that the biggest benefit is to secure long term value creation and extend the asset life of our core hubs.
About 75% of our net production will be electrified by 2030. With the investments in electrification, we’re cementing our position for long-term value creation on the NCS.
