Reducing the upstream carbon intensity of Equinor’s oil operations is a major component of its ambition to reach net zero emissions by 2050. Most offshore oil production is powered by CO₂-emitting gas turbines and on average, about 15 kg of CO2 were generated for each barrel of oil equivalent (boe) produced worldwide in 2021.
Sustainably reducing carbon emissions is the world’s greatest climate challenge – and is at the heart of the transformation of the energy system that OGCI aims to accelerate.
What OGCI is doing
OGCI aims to accelerate the reduction of member companies’ operational emissions and works with a wide range of stakeholders in industry, transport and buildings to accelerate decarbonization solutions.
OGCI’s upstream carbon intensity target
Our target in detail
How we reduce carbon emissions
OGCI member companies aim to reduce the average carbon intensity of their upstream oil and gas operations from 23 kg of greenhouse gases per barrel of oil equivalent in 2017 to 17 kg by 2025. In 2020, they reached 19.5 kg, an improvement of 14% over the 2017 baseline.
What OGCI member companies are doing to reduce carbon intensity
Member companies are focusing on flaring reduction, efficiency improvements, electrification and the integration of renewables in their operations.