- Supply chain disruptions due to extreme weather events (implied)
- Maintaining gender diversity targets given the small size of the company.
- Climate change impacts on offshore and onshore installations (rising temperatures, extreme weather).
Horizon Oil Limited
Greenhouse gas emissions & sustainability report data
In its 2023-07 to 2024-06 reporting, Horizon Oil Limited disclosed greenhouse gas emissions of 652.8K tCO2e/year (excluding Mereenie). By scope: Scope 1: 42.3K tCO2e/year (excluding Mereenie); Scope 2: 16 tCO2e/year; Scope 3: 610.5K tCO2e/year (excluding Mereenie). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
652.8K tCO2e/year (excluding Mereenie)
2023-07 to 2024-06
📊 Emissions by Scope (2023-07 to 2024-06)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 42.3K tCO2e/year (excluding Mereenie) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 16 tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 610.5K tCO2e/year (excluding Mereenie) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Achieved zero material or significant reportable environmental incidents.
- Zero spills to the environment.
- Good progress made to initiatives that would result in field emissions reduction, including the replacement of fuel control valves and concept selection for a Vapour Recovery Unit to reduce flaring.
- Increased utilisation of Block 22/12 gas as fuel in Beibu.
- Flare Gas Recovery project at Mereenie to reduce flaring and field emissions.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Achieve zero fatalities.
- Achieve a TRIFR less than the NOPSEMA industry average.
- Achieve a LTIFR less than the NOPSEMA industry average.
- Achieve zero material or significant reportable environmental incidents.
- Zero spills to the environment.
📅 Medium-term
- Support operator emissions reduction initiatives.
- Apply an internal carbon price.
- Continued improvements in Horizon’s climate disclosures across the four thematic areas of TCFD.
🔭 Long-term
- Net Zero Emissions by 2050.
🌱 ESG Focus Areas
Health, Safety and EnvironmentGovernanceOur People and CommunitiesClimate Change