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Our ESG Approach

Environmental

We believe that we have a responsibility to protect the health and safety of our people, minimize the consumption of resources and control emissions to ensure a sustainable ecosystem for future generations. We are, and will remain, committed to the protection and enhancement of the environment through monitoring, reporting and continual improvement of our environmental performance across a range of areas, including: energy; material consumption; emissions; water consumption and waste management.

 

We are committed to take part and contribute towards ADNOC’s goals to (i) decrease greenhouse gas intensity by 25% by 2030, (ii) expand their carbon capture, utilization and storage capacity by 500% to 5 million tons of carbon dioxide per year by 2030, (iii) limit freshwater consumption to below 0.5% of total water usage, and (iv) plant 10 million mangrove seedlings in Al Dhafra region. ADNOC’s goals align with the UN Sustainable Development Goals. We work diligently to reduce our environmental footprint throughout our value chain.

We have consistently invested in new technologies that reduce our footprint. For example, we utilize advanced, record-breaking horizontal and directional drilling methods or cluster drilling techniques. These let us drill more efficiently and continue to reduce our ecological footprint, while our nine state-of-the-art island ‘walking’ rigs reduce the need for use of offshore jack-up rigs, lowering impact on our marine environment.

Achievement Highlights

  • Reduction of CO2 emissions by more than 147,000 tons from 2014-20 through energy conservation
  • Reduction in annual diesel use by 13.6 million gallons from 2014-20 through efficient technology and lowering fuel wastage 
  • Reduction in energy emissions reduced by 27% since 2014
  • Changed all of our head office light bulbs to LED, which resulted in 67% savings

Social

We are committed to fostering an inclusive culture and implementing workforce diversity. Ensuring fairness, equality and diversity in recruiting, compensating, motivating, retaining, and promoting employees is essential to us.

Governance

Our Board of Directors is collectively responsible for our management and strategy. The Board of Directors supervises the interests of stakeholders, the creation of a culture aimed at long-term value creation, the internal audit function, and the effectiveness of internal risk management and control systems. Our management team is charged with day-to-day management and is responsible for the continuity and optimization of our business to create long-term value for our stakeholders.

In terms of ethics and compliance, we strive to conduct all business activities responsibly, efficiently, transparently, and with integrity and respect towards stakeholders. In doing so, we promote a culture of performance, collaboration, and responsibility. These values underpin everything we do and defines the day-to-day attitudes and behaviors of our employees.

Health and Safety

Our Health and Safety (HSE) Management System aims to ensure that all of our facilities and operations operate at the highest standards of operational excellence and safety. Indeed, our HSE Management System has been certified as conforming with ISO 14001, OHSAS 18001 and ISO 50001.

 

Our HSE Division has implemented:

Extensive training programs, campaigns and awareness programs in order to increase safety awareness and minimise time lost to injuries; and

a five-year audit plan (2021-2025) in order to measure HSE performance (the five-year plan includes internal HSE audits, external HSE audits and contractor audits).

We also attach significant importance to our operations and policies with respect to sustainability and environment preservation. We work continuously on integrating all environmental aspects into our mainstream operations to maximise the efficiency and productivity of our resources and minimise practices that might adversely affect the environment, the local communities and the society at large. In this respect, we started implementing the Zero Discharge design on a number of our offshore rigs. Moreover, to further boost our contribution to sustainability, each of our new rigs is equipped with state-of-the-art automation and advanced well equipment in order to optimise production, reduce costs and enhance environmental protection.