HOEC
Climate Impact & Sustainability Data (2020-21)
Reporting Period: 2020-21
Environmental Metrics
ESG Focus Areas
- Health & Safety
- Environment
- Social Responsibility
- Governance
Environmental Achievements
- Reduced flaring through new shutdown procedures at Dirok.
- Implemented measures to minimize waste and emissions, and promote operational efficiency.
- Reduced water contamination through the use of Water-Based Mud (WBM) in drilling and various water treatment systems.
- Implemented a robust waste management plan including segregation, recycling, and responsible disposal.
Social Achievements
- Installed 205 solar street lamps in operating areas.
- Constructed dug wells, sports infrastructure, and school facilities.
- Distributed provisions to 2000 families during the COVID-19 pandemic.
- Provided training programs for accident prevention, personal protective equipment, and workplace hazards.
Governance Achievements
- Established a Risk Management Committee and a Corporate Social Responsibility Committee at the Board level.
- Implemented a Health, Safety, and Environment (HSE) Management System.
- Established a HSESRM Committee to review HSE performance and initiate corrective actions.
- Conducted regular HSE audits and inspections.
Climate Goals & Targets
Long-term Goals:
- Net Zero Emission in Dirok Field
Environmental Challenges
- COVID-19 pandemic impacting global economic growth and oil and gas demand.
- Managing environmental risks associated with oil and gas exploration and production (e.g., oil spills, flaring).
- Maintaining HSE standards during drilling campaigns (e.g., managing drilling fluids, noise pollution).
Mitigation Strategies
- Implemented COVID-19 protocols including vaccination, testing, and disinfection.
- Developed and implemented robust Emergency Response Plans (ERPs) and Oil Spill Contingency Plans (OSCPs).
- Used Water-Based Mud (WBM) in drilling, implemented noise reduction measures, and utilized acoustic enclosures for equipment.
- Implemented stringent HSE standards for contractors and employees.
Supply Chain Management
Responsible Procurement
- Compliance with local regulatory requirements and HOEC’s HSE requirements for contractors.