We’ll continue to explore for oil and gas. Huh?

We’ll continue to explore for oil and gas.
Huh?

Oil and gas activities are the largest source of greenhouse gas emissions in Norway, and we intend to continue to explore for oil and gas. Irresponsible, some might say. The way we see it, it’s the responsible thing to do. Why? We’ll get to that now.

Ready for the next phase

When he was young, it was the sea, technical challenges, and electronics that fascinated Thomas. So it was no surprise that he felt it was a perfect match when he became an electrician on Johan Castberg, our newest production ship.
For six years, he has followed the construction of the ship, which will play an important role in ensuring stable and reliable energy supply to Europe for many years to come.

Cutting emissions with artificial intelligence

One of those working on new solutions is Olav. He and a team of smart minds aim to improve the operation of our facilities using artificial intelligence: IQ meets AI to cut CO₂.

Is it possible to lead in the energy transition, and still explore for more oil and gas?

Troll in the North Sea is Norway’s largest gas field. The gas from Troll alone covers around 10% of Europe’s needs, and the energy produced by Troll corresponds to around three times the annual Norwegian hydropower production.

In other words, Troll is an important piece of the puzzle for Europe’s energy security. And, thanks to electrification, Troll has significantly lower emissions than other fields. Troll A was electrified almost 30 years ago, as the first platform on the Norwegian continental shelf (NCS). This allowed us to avoid half-a-million tonnes of CO₂ emissions every year, which corresponds to one per cent of Norway’s total emissions.

Searching for better

We have to change. Society has to change. And the world must change. That’s what it will take to achieve success in the energy transition the world desperately needs. And there’s no time to waste if we also want to be the leading company in this transition, which is our goal. Does that mean we face an uphill climb in the years to come? Certainly, but this is the most important task we face.