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.
Equinor has already eliminated more than 2 million tonnes of annual carbon dioxide emissions from its Norwegian operations over the past decade through a series of energy efficiency initiatives.
Now, to reduce its emissions further and shape its global portfolio in line with the Paris Agreement, it has set out a new series of short-, mid- and long-term climate ambitions. In its Norwegian operations it is targeting an absolute emissions reduction of 40% by 2030 – on the way to near zero carbon emissions by 2050.
The 2030 ambition translates into reductions of more than 5 million tonnes of CO2 equivalent and will be delivered through a combination of energy efficiency measures, electrification projects, consolidation, digitalisation and new value chains such as carbon capture and storage and hydrogen.
Electrification from hydropower and wind is already being installed at a number of offshore fields in Norway. Workers also engage on energy and carbon efficiency as a priority, facilities are compared to share good practice, and progress is visible to all.
As OGCI works towards a carbon intensity target that is consistent with the Paris goals, member companies are drawing on the lessons of Equinor’s experience.
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.