- Decline in production rates in the Galoc Oilfield due to natural decline in oil reserves.
- Failure to restart the G4 well in the Galoc Oilfield.
- Nearing expiration of Service Contracts.
- Fluctuating oil prices due to the emergence of new Covid-19 variants and lockdowns.
- Lack of technical experts in the industry.
- Potential human rights and labor violations.
Oriental Petroleum and Minerals Corporation and Subsidiaries
Greenhouse gas emissions & sustainability report data
In its 2021 reporting, Oriental Petroleum and Minerals Corporation and Subsidiaries disclosed greenhouse gas emissions of 2.6M tCO2e (Scope 1). By scope: Scope 1: 2.6M tCO2e; Scope 2: 0 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
2.6M tCO2e (Scope 1)
2021
Waste
298.5K kg (Solid Waste)
2021
📊 Emissions by Scope (2021)
| 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). | 2.6M tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 0 tCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Minimizing the effects of flaring through exploring new technologies
- Regular monitoring of GHG emissions, air pollutants, solid and hazardous wastes, and effluents to ensure compliance with DENR standards.
- Implementation of waste segregation and proper handling of hazardous wastes.
🌱 ESG Focus Areas
Economic PerformanceClimate-related risks and opportunitiesProcurement PracticesAnti-corruptionResource ManagementEcosystems and biodiversityEnvironmental Impact ManagementEmployee ManagementEmployee Training and DevelopmentLabor-Management RelationsDiversity and Equal OpportunityWorkplace conditions, Labor Standards, and Human RightsSupply Chain ManagementRelationship with CommunityCustomer ManagementHealth and SafetyMarketing and labellingCustomer privacyData Security