Danish offshore drilling rig operator Maersk Drilling has announced to cut the ‘intensity’ of carbon dioxide (CO2) emissions from its drilling operations in half by 2030.

The latest move comes as the company looks to boost efficiency from its fleet of deepwater rigs.

It also follows previous initiatives by the company such as the ‘first-ever’ offshore rig to operate using shore power and the upgrade of two large jack-up rigs to hybrid, low-emission rigs.

Maersk Drilling CEO Jørn Madsen 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.

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By GlobalData

“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.”

Furthermore, Maersk Drilling recently announced it was joining a consortium formed by Ineos Oil & Gas Denmark and Wintershall Dea to focus on the development of offshore storage solution for CO2 captured at onshore industrial facilities.

Maersk Drilling’s emissions reduction target is in line with the 2030 targets of most of the oil and gas majors and supports the Paris Agreement on ‘Climate Change’.

The Paris Agreement was signed in 2015 by 195 nations. It aims to ensure that global temperature rise is kept well below 2°C this century.

Madsen added: “Investing in climate action is a key focus area for us and we are committed to being at the forefront, leveraging our vast experience with operating in Norway, where sustainability requirements are very high.”

Last month, Maersk Drilling secured another one-well contract from Aker BP for the ‘Maersk Integrator’ ultra-harsh environment CJ70 XLE jack-up rig.