In the long run. we wish to participate in a carbon dioxide capture and storage project in cooperation with other industry players and the authorities in Alberta.
The method StatoilHydro Oil Sand Company in Alberta plansd to use to produce oil from the oil sands by the use of steam, called Steam Assisted Gravity Drainage (SAGD), is energy-intensive, and the carbon dioxide emissions will be much higher than from conventional oil production.
In the long run. we wish to participate in a carbon dioxide capture and storage project in cooperation with other industry players and the authorities in Alberta.
StatoilHydro has joined a group of the largest carbon dioxide emitters in Alberta (the ICO2N group) who are cooperating to establish an integrated network for carbon dioxide capture and sequestration in Alberta, and the first StatoilHydro heavy oil upgrader development is planned to be "capture ready" in preparation for future carbon capture and storage. This is in line with the ambitions of the government of Alberta, which has recently published a climate change strategy that includes a plan to capture 139 million tonnes of carbon dioxide per year by 2050.
StatoilHydro Oil Sand Company has established a position of director for climate change. The director will be responsible for implementing a climate strategy and providing leadership in finding solutions to the challenges involved in the production of the oil sands reserves.
