i3 Energy plc’s environment, social and governance 2022 report shows a reduction in emissions alongside expanding operations in Canada and the UK North Sea.
ENVIRONMENT
The group aims to be net zero by 2050 for scope 1 and 2 emissions, relating to direct greenhouse gas emissions from its owned or controlled sources such as those from fuel combustion in boilers, furnaces and vehicles, and indirect GHG emissions from the purchase of electricity, steam, heat or cooling.
i3 reported its scope and scale of operations had since 2021 grown by 23% while scope 1 and 2 emissions had fallen by 4%.
“This achievement is down to the strong oversight of our ESG committee, and especially to the skill, ingenuity, dedication and hard work of all our employees and the daily efforts of our operations teams in the office and at the field level,” added chief executive Majid Shafiq.
The company has also replaced its hi-bleed pneumatic controllers with low bleed or instrument air and started to replace 400 pneumatic pumps on assets acquired from Cenovus with solar powered electric pumps.
“Once complete these initiatives in aggregate will reduce annual methane emissions by an estimated 64,600 tCO2e3, which is equivalent to circa 28% of the company’s total CO2e emissions in 2022,” added i3.
Electrification of well pumpjacks saw 30 conversions during 2022 at Carmangay and Retlaw, “reducing emissions by 6,366 tCO2e annually”.
Emissions were reduced from compressor engines with the installation of air-to-fuel gas gauges to optimise fuel efficiency and engine performance and by converting rich burn engines to lean burn engines.
The company also invested in software to optimise field process data acquisition to detect and repair leaks, track fugitive emissions and enhance reporting.
During 2022, the 70 wells were abandoned, 37 well sites decommissioned and nine reclamation certificates were received.
i3 reported four spills, which was a 53% reduction from 2021, all of which were “rapidly cleaned up and remediated”.
Two contractor loss time injuries were recorded and none for employees.
SOCIAL
The company employs 130 people, of whom 49 are employees and 75 contractors from Canada, along with four employees and two contractors from the UK.
A total 25 Canadian employees and seven contractors are women as well as two from the UK, equating to 26% of the workforce.
i3 Energy added it was “committed to building and maintaining respectful and constructive relationships with Indigenous groups”.
Initiatives include undertaking proposed development activities on traditional Indigenous lands only in accordance with criteria established by the Indigenous group
i3 also encourages economic opportunities for Indigenous-owned businesses and continues its charitable donations to local communities.
During 2022, the company formed its ESG committee and established ESG-linked key performance indicators and monitoring of leading and lagging indicators of safety.