BAKU, Azerbaijan, April 20. Since 2015, Norway’s Equinor company has reduced its upstream carbon intensity by around 30 percent, bringing it below half of the current industry average, Trend reports with reference to the company.
“We have set a target to keep our upstream carbon intensity under 8 kg CO₂/boe towards 2025 and around 6 kg CO₂/ boe by 2030,” says Equinor.
In addition to being primary sources of energy, oil and gas will also be needed as input to low carbon fuels for hard-to-abate sectors such as blue hydrogen and as feedstocks for non-energy applications such as chemicals. To meet the needs of society, Equinor will continue to produce oil and gas for the foreseeable future.
“We aim to excel in operational emissions management, maximising the efficiency of our infrastructure on the Norwegian Continental Shelf (NCS) and optimising our high-quality international portfolio. To earn the right to supply the oil and gas the world demands, we are continuing to improve the industry-leading carbon efficiency of our production,” the company said.
In 2021, Equinor’s corporate methane emissions intensity was 0.02 percent which is around one tenth the average of Oil and Gas Climate Initiative (OGCI) member companies.
“We will continue to develop and implement technologies and procedures to detect and reduce methane emissions, support industry efforts to reduce methane emissions across the oil and gas value chain, increase the quality and transparency of reported data, and support the development of sound methane policies and regulations.”
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