- Increased rig activity in 2023 led to a spike in fuel consumption and associated emissions.
- Historically high turnover rates in the oilfield services market.
Parker Wellbore
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Parker Wellbore disclosed greenhouse gas emissions of 61.3K tCO2e/year (2023). By scope: Scope 1: 61.0K tCO2e/year (2023); Scope 2: 5.9K tCO2e/year (2023). 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
61.3K tCO2e/year (2023)
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). | 61.0K tCO2e/year (2023) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 5.9K tCO2e/year (2023) |
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 | 61.3K tCO2e/year (2023) |
| 2022 | 34.7K tCO2e/year (Scope 1 & 2) |
| 2020 | 25.7K tonnes CO2e (2018); 38033.61 tonnes CO2e (2019); 11933.65 tonnes CO2e (2020) (Scope 3 based on fuel combustion from Parker-owned assets) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced Total Recordable Incident Rate (TRIR) from 0.58 in 2022 to 0.38 in 2023 and Lost Time Incident Rate (LTIR) from 0.17 to 0.10.
- Upgraded Rig 272 engines to meet EPA Tier IV emission requirements.
- Successfully piloted remote viewing technology for tubular running services, reducing carbon emissions.
- Implemented real-time data collection on all relevant engines to quantify emissions per drilling operation.
- 10% fuel savings realized in UAE machine shop through fuel additive trial.
🌱 ESG Focus Areas
Environmental ComplianceGreenhouse Gas EmissionsEnergy Transition Business StrategyOccupational Health & SafetyHSSE PerformanceDiversity and Inclusion (D&I)Workforce Demographics and GoalsCommitment to Work-Life Balance and Employee Well-beingCommitment to IntegrityEnterprise Risk ManagementCybersecuritySupply Chain Integrity