Pathway to net zero
We support the goal of the Paris Agreement to limit temperature increases to well below 2°C by reducing greenhouse gas (GHG) emissions in line with the reduction ambitions for the Norwegian oil and gas industry.
Our main goal is a 50% reduction in the direct operational control greenhouse gas emissions (GHG) by 2030, base year 2005, and net zero scope 1 and 2 by 2030.
We will achieve our targets through execution of the decarbonisation strategy;
- electrification of offshore assets
- implementation of energy efficiency and thus emission reducing measures
- reduce emissions caused by safety flaring, cold venting and processing equipment
- modifications and upgrading of relevant equipment and solutions
We are a signatory to the global joint industry “Aiming for Zero Methane Emissions Initiative”, headed by the Oil and Gas Climate Initiative (OGCI), whose members include companies such as ENI, BP, Chevron, Equinor, ExxonMobil, and Shell. By taking individual and collective actions, OGCI members will help accelerate the energy transition through near zero methane emissions by 2030.