- Market competition risk due to global inflation, tense financial environment, and geopolitical conflicts.
- Health, safety, and environmental risks due to increased government supervision and international operation complexities.
- Exchange rate risk due to holding US dollar debt and conducting business in multiple currencies.
- Risk of impairment of assets due to fierce competition among oilfield service enterprises.
- Accounts receivable recovery risk due to expanding markets and dealing with high-risk customers.
China Oilfield Services Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, China Oilfield Services Limited disclosed greenhouse gas emissions of 1.2M tonnes (CO2e). 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
1.2M tonnes (CO2e)
2023
Water Usage
1.3M tonnes
2023
Waste
88.2K tonnes
2023
✅ Reported Environmental Achievements
- Achieved a carbon reduction of 7,515 tons in 2023 by replacing diesel fuel with LNG fuel.
- Reduced carbon dioxide emissions for an output value of RMB10,000 from 0.4471 tonnes in 2022 to 0.4132 tonnes in 2023.
- Energy savings of 25,143.26 tonnes of standard coal in 2023.
- Waste reduced by 12,838.9 tonnes and recycled by 9,234.4 tonnes in 2023.
- 100% qualified rate of exhaust emission and wastewater discharge.
🎯 Climate & Sustainability Targets
🔭 Long-term
- Achieving carbon emission peak and carbon neutrality
🌱 ESG Focus Areas
Climate changeSafetyEnvironmental protectionEmployee well-beingCorporate governanceSupply chain responsibilityInternationalizationTechnological innovationCost leadershipIntegration