The offshore oil & gas industry has, like many other industries, two sides to the environmental challenge; One is the environmental footprint as perceived by the general public, and the other is compliance with rules and regulations.
Growing awareness and attention to a company’s environmental footprint increases costs related to maintaining a sustainable image. These costs do not necessarily have a direct impact on income. However, a “greener” image of a drilling contractor, combined with low operational cost, will increase its chance of getting the next contract with the oil company.
Can the environmental footprint be reduced, while at same time lowering OPEX?