As its operation in the North Sea of the UK involves oil and gas exploration and production, Ping is invested in reducing its GHG emissions and moving towards net-zero. In progressing towards this long-term goal, Ping is also working with Net Zero Technology Centre (a UK-based technology centre) and the Energy Transition Zone (a UK-based not for profit company led by private sector) to promote and implement low carbon offshore oil and gas solutions. Looking forward, Ping’s efforts will centre on reducing emissions at the Anasuria Cluster through the Anasuria Operating Company (“AOC”), a joint venture with Hibiscus Petroleum Berhad. It will achieve this through the implementation of energy efficiency technologies, an environmental improvement plan, annual audits on carbon emissions data and collaborations with industry and government organisations – all detailed and overseen within its Net Zero Policy and Strategy. CASE STUDY Ping’s Climate Action Efforts 165 DNeX INTEGRATED REPORT 2022 SCOPE 1 EMISSIONS (ANASURIA CLUSTER – PING PETROLEUM) Metric Tonne of CO2 equivalent 38,494.79 24,587.17 37,963.61 5,748.94 119.66 July 2019 – June 2020 July 2020 – June 2021 July 2021 – June 2022 38,722.91 40,969.87 9.40 Flaring and Venting Others (including fugitive emissions) Combustion - Fuel Gas & Diesel *Data for Aberdeen office and AOC office are not available, as offices are rented, and electricity is not metered or billed separately. They are considered immaterial for overall emissions. EMISSIONS INTENSITY tCO2e/BOE (Barrel Oil Equivalent) 44.56 38.58 34.04 July 2019 – June 2020 July 2020 – June 2021 July 2021 – June 2022 SCOPE 2 EMISSIONS Metric Tonne of CO2 equivalent July 2019 – June 2020 9.15 July 2020 – June 2021 8.07 July 2021 – June 2022 6.48
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