- Extreme weather events impacting offshore operations.
- Implementation of carbon taxes or cap and trade systems increasing operational costs.
- Rapid advancement of renewable energy technologies potentially reducing demand for fossil fuels.
- Negative reputation of the fossil fuel industry impacting investor confidence and employee recruitment.
- Climate litigation risks.
Navitas Petroleum, Limited Partnership
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Navitas Petroleum, Limited Partnership disclosed greenhouse gas emissions of 69.1K tCO2e/year. By scope: Scope 1: 50.2K tCO2e/year; Scope 2: 18.9K tCO2e/year. 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
69.1K tCO2e/year
2023
📊 Emissions by Scope (2023)
| 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). | 50.2K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 18.9K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 69.1K tCO2e/year |
| 2022 | 69.0K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced Scope 1 and Scope 2 emissions intensity by more than 50% of the current average industry value by 2026 (goal)
- Reduced Scope 1 and Scope 2 emission intensities by more than 60% of the current average industry value by 2027 (goal)
- Achieved zero routine flare emissions and no produced water discharges to the sea at Sea Lion project (goal)
- Met the goal of disposing all produced formation water underground at onshore assets in 2023
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce Scope 1 and Scope 2 emissions intensities by more than 50% of the current average industry value by 2026.
📅 Medium-term
- Reduce Scope 1 and Scope 2 emission intensities by more than 60% of the current average industry value by 2027.
- Significantly reduce the onshore assets’ emissions intensity.
🔭 Long-term
- Reach net zero emissions in Scope 1 and Scope 2 by 2050.
🌱 ESG Focus Areas
Greenhouse gas emissions reductionPreparing for climate changeImplementation of stringent measures to prevent spills and to protect water resourcesMitigation of impacts of production operations on ecosystemsDiligent maintenance of safety at all Partnership sitesMitigation of negative impacts and creation of shared value with local communitiesEnsuring moral and ethical business conduct in the fields of activityProper corporate governance