Our energy efficiency efforts seek to reduce energy consumption at company facilities, design new facilities to be energy efficient, increase overall energy efficiency and influence and promote energy efficiency at the national level.
Flare gas recovery
Our long standing investment in flare minimization is an important element in helping us be more efficient in our use of energy. Not only do we capture and make use of a previously wasted energy resource, our flaring intensity is less than 1% of annual gas production and set to decline further. As part of our Flaring Minimization Program, we have completed the installation of multiple Flare Gas Recovery systems, including at our offshore Safaniyah facilities.
Peak Summer Production Program
Our Peak Summer Production Program provides additional volumes of non-associated gas to reduce the use of liquids in power generation during the summer. In 2017, we displaced 11.5 million barrels of crude oil equivalent, freeing up higher value liquids while reducing emissions. We also continued our collaboration with the Saudi Energy Efficiency Program to promote energy efficiency practices through awareness campaigns.
Energy efficiency in power generation
Cogeneration, or combined heat and power systems, capture the heat from a plant’s exhaust stream and convert it into useful thermal energy.
The benefits of cogeneration systems are significant: Less fuel is required to produce energy and because the energy is produced within the plant, energy is not lost in transmission over power lines. And because less fuel is burned, emissions are lower.