Tullow Oil plc has published its sustainability report and climate risk and resilience report for 2022.
ESGs
During the year, the company achieved zero lost time injuries and zero Tier-1 process safety incidents.
Tullow increased its socio-economic contributions through more than 6,000 secondary and tertiary students with Tullow STEM scholarships, bursaries and after school support in Ghana, Kenya, Guyana and Suriname.
The company said it had also accelerated investment in the environment with further $15 million in a decarbonisation programme.
The percentage of Ghanaian employees in the company’s principal location of operations has also risen to 72%.
CRITICAL BOOST
Chief executive Rahul Dhir added that as Tullow worked almost exclusively in developing economies, it had an important role to play in supporting a global energy transition.
“While we believe that there will continue to be a demand for hydrocarbons into the foreseeable future, we remain laser focused on mitigating the climate impacts of our operations while generating significant social and economic benefit for our host nations.
“Partnering with our host nations to develop Africa’s energy resources in a low-cost, environmentally and socially responsible manner adds a critical boost to local economies, improves the quality of life and creates a better future for current and future generations.”