Climate Change Data

ARA Petroleum

Climate Impact & Sustainability Data (2020-2022)

Reporting Period: 2020-2022

Environmental Metrics

Total Carbon Emissions:83,678 MT CO2e (2022)
Scope 1 Emissions:10,139 MT CO2e (2022)
Total Energy Consumption:10,496,310 kWh (2022)
Water Consumption:762,937 m3 (2022)
Carbon Intensity:29.27 kgCO2e/boe (2022)

ESG Focus Areas

  • Climate Change
  • Health and Safety
  • In-Country Value
  • Community Engagement
  • Workforce Development
  • Governance

Environmental Achievements

  • 60% reduction in Scope 1 and 2 emissions by 2025; 30% reduction by 2030
  • Installation of a hybrid off-grid solar system to power a water supply well, reducing diesel consumption by 60%
  • 10% reduction in gas flaring in 2022; plans to eliminate gas flaring from several fields by 2024
  • Decreasing rate of CO2 emissions per barrel of oil equivalent (BOE)

Social Achievements

  • Launched an online management system ('MFANO') to report and prevent unsafe acts
  • Implemented an Employees' Happiness Program
  • Provided over 40,000 hours of training in 2022
  • 80% of trainees received job offers
  • 60 days of fully paid maternity leave and flexible work schedules for new mothers
  • Various community investment initiatives (e.g., donations, scholarships, infrastructure projects)

Governance Achievements

  • Established a new ESG governance policy
  • Implemented a Commercial Procedures Manual for Contract and Procurement Management
  • Leveraging SAP ERP system for streamlined processes and data management
  • Established dedicated committees (Audit, Legal, Risk Management, Tender Board) to oversee ESG initiatives

Climate Goals & Targets

Long-term Goals:
  • Achieve Net Zero Carbon by 2050
Medium-term Goals:
  • 30% reduction in Scope 1 and 2 emissions by 2030
  • Eliminate gas flaring from several fields by 2024
Short-term Goals:
  • 60% reduction in Scope 1 and 2 emissions by 2025

Environmental Challenges

  • Increased energy consumption and GHG emissions due to growth in oil and gas production
  • Gas flaring
  • Managing HSE risks in field operations
Mitigation Strategies
  • Investing in low-carbon technologies and implementing GHG reduction measures
  • Projects to eliminate gas flaring
  • Implementing 'MFANO' system for HSE management
  • Weekly HSE training for employees and contractors

Supply Chain Management

Responsible Procurement
  • Incorporation of ESG and ICV criteria in contractor selection
  • Sustainable and green procurement policy

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ESG (Environmental, Social, Governance Framework), World Business Council for Sustainable Development and World Resources Institute’s Greenhouse Gas Protocols, Occupational Safety and Health Administration (OSHA) Standards, American Petroleum Institute