Statoil’s goal for 2014 was to identify measures that would cut 250,000 tonnes of CO2 emissions from our production. Measures were identified that actually will cut 339,000 tonnes of CO2 emissions. In addition steady progress was made towards meeting the 2020 carbon efficiency targets.
“Statoil takes an active and industrial approach to sustainability. To us, sustainability is a business matter, where the need to remain highly competitive is combined with and strengthened by our efforts to accelerate the development of more carbon-efficient solutions. Being a trusted company with a long-term social license to operate will enhance future business opportunities,” says Sætre.
“In 2014 we continued to deliver solid operational results. Our production efficiency improved significantly, we are on track with our improvement programmes and we continued to deliver good safety results. However, the profitability of our industry continues to be challenged and Statoil’s financial results are highly impacted by the fall in oil prices,” states Eldar Sætre, president and CEO of Statoil ASA, when commenting on the reports presented today.
Statoil delivered annual equity production of 1.927 million barrels of oil equivalent per day in 2014. This is a result of improved production efficiency and start-up of new fields. The increased production represents a growth of 4% from a rebased 2013 level. Statoil continues to be among the leading exploration companies in the industry and strengthened the reserve base through exploration, adding 540 million barrels of expected resources.
You can view the sustainability report by clicking on the image below:
Source and Image Credit: Statoil
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