Tullow’s 2030 Net Zero Commitment
maintained a core-team in-country presence which is serviced by goods and services provided by local suppliers and Guyanese workforce.
Tullow Oil plc is an independent international Oil & Gas Explorer and Producer operating across Africa and South America.
Q: Tullow has committed to becoming a net zero company by 2030. How do you plan to achieve this? Tullow has committed to being net zero by 2030 for its Scope 1 and 2 emissions, which are those emissions generated directly through its operations and also from its purchased electricity. The company aims to achieve this through a combination of decarbonising our operated assets in Ghana and through a nature-based carbon removal programme to offset our hard to abate emissions from power generation. Tullow’s current focus is to work on getting the carbon intensity of its operations in line with International Oil and Gas Producers (IOGP) industry averages or lower, at the latest by 2025 through its commitment to eliminate all routine flaring and by installing/executing several net positive cash flow carbon abatement projects on its Ghana assets.
Founded in 1985, the Group has interests in over 50 exploration and production licences across 11 countries. It has a balanced portfolio of exploration, development and production assets. Headquartered in London, Tullow’s shares are listed on the London, Irish and Ghana Stock Exchanges. At Tullow, finding, developing and producing the natural resources of a country presents a unique opportunity to create jobs, develop capacity in parts of the national workforce, create local business opportunities and encourage foreign direct investment through international supply chains when exploration success can be developed to the production stage of the Oil and Gas life cycle. Currently, most of Tullow’s production comes from the Jubilee and TEN fields in Ghana that Tullow discovered and brought on stream respectively in 2010 and 2016. In April 2021, Tullow began a new multi-year, multi-well near field development and exploration drilling campaign in Ghana. In Guyana, Tullow has been active since 2008, holding 37.5% in the non-operated Kanuku licence and 60% in the Tullow operated Orinduik licence. Following two heavy oil discoveries in the Orinduik Block made in 2019, ongoing exploration activities consist of multiple highly technical geoscience workstreams to support portfolio maturation. Tullow continued to engage suppliers of key services to as to build a database of the progression of the availability of goods and services and to maintain a sound in-country capabilities assessment up to date. The company has
Tullow’s sustainability framework has four pillars – safe operations, shared prosperity, environmental stewardship and equality and transparency which combine all these inputs and expectations.
GREEN GUYANA - ADVANCING SUSTAINABLE DEVELOPMENT
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