Tullow Oil (“Tullow”) is pleased to announce that it has published its 2021 Sustainability Report and its 2021 Climate Risk & Resilience Report. These reports provide an update on Tullow’s progress and performance in 2021 with regard to the Group’s strategic sustainability framework. This work forms a key part of Tullow’s stated purpose to build a better future through responsible oil and gas development.
Safe Operations and Environmental Stewardship
Tullow puts the health and safety of its workforce and local communities first by creating safe places of work and is committed to acting as a responsible steward of the environment through the use of robust systems and processes to assess and manage its environmental impact. Highlights in 2021 included:
- Marked improvement in health and safety performance: 75% reduction in total recordable injuries compared to 2020 with an LTIR and TRIR under the 2020 industry average
- As part of its Net Zero by 2030 roadmap, the Company achieved a 65% reduction of non-routine flaring at Jubilee and signed a Memorandum of Understanding with the Ghana Forestry Commission to develop nature-based solutions to offset 600,000 tonnes of CO2e in partnership with the Government of Ghana
Shared Prosperity, Equality and Transparency
Tullow’s focus is on enterprise development, education and skills development, local employment and supplier capacity. Highlights in 2021 included:
- $445m overall socio-economic contribution in host countries, achieving a cumulative total of $2.9bn since 2017
- $207m local supplier spend, bringing the cumulative local spend to $1.2bn since 2017
- 81% local nationals employed across the Company, achieving 75% localisation in Ghana (our biggest location)
- Over 7,800 students across Ghana, Kenya, Guyana, and Suriname benefitted from support to access education and facilities
Rahul Dhir, CEO of Tullow Oil Plc, commented today:
“As always, our key priority in 2021 was to keep our people safe and healthy and we achieved a marked improvement in safety with our lowest incident rate in years. In March 2021, we announced our commitment to being Net Zero on Scope 1 and 2 emissions by 2030 and increased our socio-economic contribution year-on-year in our countries of operations. In 2022, we will take our next steps towards Net Zero by focusing on reducing our emissions from our operated and non-operated assets especially through gas debottlenecking at Jubilee and continuing our work with the Ghana Forestry Commission to identify and develop nature-based carbon offset projects in Ghana.”
Both reports can be read in full on the Tullow website:
For further information contact:
|Tullow Oil plc||Camarco|
(+44 20 3249 9000)
(+44 20 3781 9244)
Notes to Editors
Tullow Oil plc
Tullow is an independent oil & gas, exploration and production group which is quoted on the London, Irish and Ghanaian stock exchanges (symbol: TLW) and is a constituent of the FTSE250 index. The Group has interests in over 30 exploration and production licences across eight countries. In March 2021, Tullow committed to becoming Net Zero on its Scope 1 and 2 emissions by 2030.
For further information, please refer to our website at www.tullowoil.com.
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