Description/achievement of initiative
Statoil comits to reducing global gas flaring through participation in World Bank Global Gas Flaring Reduction initiative (GGFR) and setting a company flaring intensity target.
By participate in World Bank Global Gas Flaring Reduction Initiative and setting a company Flaring Intensity target.
For detailed information please kindly redirect to the following deliverables.
Arrangements for Capacity-Building and Technology Transfer
Coordination mechanisms/governance structure
World Bank Global Gas Flaring Reduction initiative,Statoil
Proactively invite peers (oil companies) to join the initiative and to establish flaring reduction commitments.
Contribute with competence and expertise to GGFR through secondments.
Participate in phase 4 of GGFR with increased funding.
Statoil flaring intensity target is maximum 2 tons of gas flared per 1000 tons of hydrocarbons produced.
Continue implementation of Statoil's no production flaring requirement in Statoil operated licenses.
Sustainable Development Goals and targets
Resources devoted to implementation