Drilling firm sets “ambitious” climate target

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MAERSK Drilling has set an “ambitious target” of lowering its CO2 emissions by 50% by 2030.

The initiatives so far include the first-ever rig to operate on shore power and the upgrade of two of the world’s largest jack-ups to hybrid, low-emission rigs.

Jorn Madsen, chief executive officer, said: “Climate change is one of the greatest challenges facing our society today, and we want to do our part in addressing this.

“The global demand for energy is rising and the expert consensus is that renewable energy will not be able to replace all traditional energy production within the foreseeable future.

“Therefore, the answer must be to provide affordable energy, including oil and gas, while keeping CO2 emissions under control. Our contribution to a sustainable energy future is to significantly reduce emissions from our operations and to explore ways to store CO2.”

The company estimates that about half the target can be achieved via further efficiency gains and known technical solutions and concepts, while the other half will be facilitated by investments in innovation in this space.

The target will be measured as tonnes CO2 emissions relative to three parameters: contracted days, drilled meter, and revenue, with 2019 being the baseline year.

Maersk Drilling recently announced that it has, amongst other, joined a consortium maturing one of the most progressed CO2 storage projects in Denmark.

In addition to the emissions reductions target, Maersk Drilling’s sustainability strategy contains initiatives within a range of areas, including a target of increasing the share of onshore female leaders to 30% across all leadership levels.

 

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