Wintershall has joined the international initiative against the flaring of associated gas during oil production.
The aim of the “Zero Routine Flaring by 2030” initiative, which was launched by the World Bank together with UN Secretary General Ban Ki Moon, is to end the worldwide flaring of associated gas during routine operations by 2030.
Members include governments, oil producers and development organisations. Each year, around 140 billion cubic meters of associated gas are flared worldwide during oil production. That corresponds to around 30 percent of the gas consumed each year in the EU, Wintershall said. At the same time, greenhouse gases are also released: more than 300 million tonnes of CO2 worldwide.
Wintershall CEO, Mario Mehren, explains: “Using resources efficiently and combining long-term economic success with environmental and social responsibility have priority for Wintershall.”
Mehren further said: “With its No Flaring Policy, Wintershall has set a strong signal for responsible and sustainable business practices in recent years. Now we are using the opportunity to share our expertise in this area and to underscore our leadership role by joining the World Bank initiative.”
According to Wintershall, it already met the goals of the initiative in 2012: since then the company has eliminated the flaring of associated gas during routine operations as operator and instead utilises the associated gas, said the company.
Wintershall says that, by joining the World Bank initiative, it wants to encourage more companies and countries to participate.