Sustainability Report & Metrics

The sustainability of our business, in particular the integration of sustainability into our corporate purpose, values, strategy and culture, is fundamental for our ability to create long‑term value for all our stakeholders.

Since the publication of our inaugural sustainability report in 2019, we have made good progress in developing our strategy and embedding a focus on sustainability into the organisation. In that time, we have developed and agreed the scope of a Gas Management Plan as we aspire to significantly reduce the scope 1 emissions intensity of our operations and published our first fully compliant TCFD report in 2022, with our TCFD disclosures for 2023 remaining compliant. We have maintained a rigorous focus on safety, with only three Lost Time Incidents (“LTIs”) and no fatalities between 2019 and 2023, despite over 8.8 million working hours and over 65 MMstb produced.

We have also generated over $1.3 billion for Kurdistan in oil revenues between 2019 and 2023 as well as realising a broader positive impact for the regional economy through high levels of local employment, substantial levels of purchasing and contracting with local suppliers and ongoing support for the 25 local communities in proximity to our operations. This builds on the much larger economic contribution to Kurdistan since our entry into the region in 2007, during which time we have participated in licences where around $2.9 billion has been invested in the exploration, development and production of crude oil, supporting the rapid development of the Kurdistan oil and gas industry.

Our Sustainability Report sets out our strategy in more detail and explores our current performance in delivering its priorities. A summary of our annual sustainability data is available in our Key Sustainability Metrics document.