GE, Statoil to collaborate on development of sustainable industry solutions

GE and Statoil will cooperate to accelerate the development of more environmentally and economically sustainable energy solutions.

In its initial stage, the collaboration will build on a foundation of concrete projects already initiated that address key sustainability dimensions of the industry including flaring, CO2 and methane emissions, and water usage, while also optimizing business operations.

The companies will reduce flaring and lower CO2 intensity by providing a full-service natural gas fueling solution for operations by capturing, compressing and using natural gas that would be otherwise flared at well sites. CNG can be used to fuel rigs, vehicles and other equipment, thereby reducing the use of or replacing the need for diesel.

Liquefied CO2 stimulation will be used to both reduce water usage in fracturing operations and increase oil and gas production. Gas compressor optimization will increase performance, efficiency and extend maintenance intervals through optimization of compressor components.

Using turbine online water wash technology will increase performance, reduce planned and unplanned turbine downtime by cleaning turbines during operation.

The collaboration, in later phases, will also pursue work on a range of solutions, from the rapid scale-up of technologies that help address the operational needs of the industry today to longer-term solutions.

“The challenge of achieving more efficient and sustainable energy production is too large for one entity to address alone,” said Eldar Sætre, president and CEO of Statoil. “Collaboration is a key component to achieving important positive change.”

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