- Higher than anticipated production decline due to loss of producing wells and delays in bringing on new wells.
- Increased Lost Time Injury Frequency (LTIF) to 2.48.
- Oil price volatility.
- Delays in the completion of GTU3.
Nostrum Oil & Gas PLC
Greenhouse gas emissions & sustainability report data
In its 2017 reporting, Nostrum Oil & Gas PLC disclosed greenhouse gas emissions of 254.3K tCO2e. By scope: Scope 1: 254.3K tCO2e; Scope 2: 640.3 tCO2e. 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
254.3K tCO2e
2017
📊 Emissions by Scope (2017)
| 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). | 254.3K tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 640.3 tCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Independent environmental audit found compliance with all relevant regulatory and legislative requirements.
- Commissioning of a gas turbine power station, anticipated to reduce future environmental impact.
- 77% of drilling waste recycled in 2017.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Stabilize production by drilling four production wells in H1 2018.
- Reduce LTIF to 2.00.
📅 Medium-term
- Grow production to reach full capacity of treatment facilities.
- Reduce costs by 20% on a boe basis by 2020.
- Grow reserves and raw gas processing to allow for 100% utilization of gas plants beyond 2020.
🔭 Long-term
- Fully develop the Chinarevskoye field prior to the end of licenses in 2031-2033.
🌱 ESG Focus Areas
Health & SafetyCommunity InvestmentEmissions Intensity Ratio ReductionClimate Change Risk Management