How to find us in Oslo
Our Oslo office is located at the IT Fornebu business park, just south of the city.
Although the oil industry is in a challenging period, we have never had a larger portfolio of projects than we do today. We have major ambitions for the Norwegian continental shelf and there will be a high level of activity for many decades to come. The old giants on the continental shelf have been joined by new installations, such as Gudrun, Gina Krog, Valemon and Åsgard subsea compression. And soon Johan Sverdrup will be entering production.
We believe it's possible to maintain profitable and sustainable production at current levels on the Norwegian continental shelf until 2030 and beyond. By increasing extraction and prolonging the lifetime of fields in operation, we'll be well positioned for another 40 years on the Norwegian continental shelf.
Our fields consist of everything from small fast-track projects to giants like Troll, Statfjord and Gullfaks. In our view, the Norwegian continental shelf is one of the most exciting places to explore. The Norwegian continental shelf delivers consistently good results, and we believe there is great potential for finding more oil and gas—in new areas, in already opened areas and, not least, near infrastructure that has already been built.
The oil and gas industry on the Norwegian continental shelf is a hotbed of technological development and innovation. Many technologies that are at the cutting edge internationally today had their breakthroughs on the Norwegian continental shelf. Together with the supplier industry, partners, research institutions and Norwegian authorities, we have created a culture for solving challenges and finding solutions. This is a mentality we will take with us into the future.
We have more than 40 projects in the implementation phase
We intend to maintain production at current levels until 2030
Man-made climate change is one of the greatest challenges of our age. As a producer of oil and gas, Equinor is both part of the problem and part of the solution. Oil and gas will be key components of the energy supply in the future, which imposes a great responsibility on us as producers. Our clear ambition is to be a world leader in terms of carbon efficiency.
Our analyses indicate that the world will need significant amounts of oil and gas even in the two-degree scenario, the global climate target. Oil and gas in volumes equivalent to the volumes produced today will also be necessary in 2040. Production from current fields is falling every year. This means that the world must find and put into production as many as 50–60 million new barrels in 2040. This is the equivalent of five times the current production of Saudi Arabia, or 100 new Johan Sverdrup fields. This is a formidable task in itself, and considering the climate issue, how these volumes are produced is very important.
Norway has a long tradition of working systematically to reduce emissions, and our current CO2 emissions are approximately half the industry average. We are also working hard to maintain our leading position. In 2008, we set ambitious goals for reducing emissions by 2020—goals that we have already reached. We have therefore increased our goal by 50 per cent to 1.2 million tonnes by 2020—equivalent to the emissions from 750,000 cars.
We will continue to work on reducing emissions to ensure that Norwegian oil and gas remain important contributors to the world reaching its climate and energy targets. We intend to be part of the solution for the production of energy for the world in a climate-friendly way.
Johan Sverdrup is probably Norway's largest and most important industrial development project for the coming decades.