COSL exceeds Paris Agreement's expectations for greenhouse gas reduction – secures ISO 50001 certification

COSL sets a new standard in the rig industry with its contribution to the energy transition by delivering the low-emission drilling rigs of the future today, while maintaining extreme drilling performance. The company has now secured an ISO 50001 certification for its reduced energy usage.

“We are simply in a class of our own”, says Frank Tollefsen, CEO of COSL Drilling Europe.

 COSL's contribution to greenhouse gas reduction has resulted in the lowest CO2 footprints for rig operations in the North Sea. The Energy Control System reduces the number of active generators on the rigs and increases efficiency among the remaining units. The system has contributed to an actual reduction in CO2 emissions of up to 70% for COSL's operations, which exceeds the expectations of the Paris Agreement. With the new system, COSL has been able to demonstrate a fuel consumption of less than 10 tonnes per day in full operation.

 “The ambition is to become Field Power Compatible within 2025. COSL has over time been working with several other energy-reducing measures, which have been and will be implemented in the future. Our recent ISO 50001 Energy Management certification further underlines these ambitions”, says Tollefsen.

“DNV would like to congratulate COSL Drilling Europe as the first rig company operating 6th generation DP rigs to achieve the ISO 50001 Energy Management Certification by DNV, thereby taking important steps to reduce their environmental footprint. This ensures a sound energy management system, reducing energy consumption, environmental impact and increasing profitability,” says Eirik Jacobsen, Regional Offshore Manager in DNV North Europe.

 “We are proud of the work the COSL team has done to reduce the climate footprint. We will continue to invest in technology and competence that improve energy performance, reduce costs and exceeds customers’ expectation”, comments Tollefsen.