Spills to environment in 2022
as reported by operator
While United had no field activity in 2022 in which we were the operator, we continued to work with our partners in the Joint operating company to use our relationship and influence to promote best practice.
Climate change is considered a principal risk to United and its business over the medium and long term, and this is discussed in more detail in our Annual Report.
Climate Change and Energy Transition
United’s approach to climate change and the energy transition is set out in our position statement:
United are acutely aware that our industry is facing increasing demands to clarify the implications of energy transitions for their operations and business model, and to explain the contributions that they can make to reducing greenhouse gas emissions and to achieving the goals of the Paris Agreement. The Board of United acknowledges and supports the global response to climate change towards a lower-carbon world, and more sustainable energy future and supports the United Nations Sustainable Development Goals, including universal access to affordable energy. United is an oil and gas company, involved in the business of exploring, appraising, and developing and producing hydrocarbons. United recognises that the energy transition will take time and, in line with the International Energy Agency’s (IEA) 2019 Sustainable Development Scenario, believe that oil and gas demand will remain strong across the globe for decades to come. This requires responsible, transparent and safe investment in existing and future fields. We see a place for United to responsibly and safely develop oil and gas resources to aid global economic development and deliver value for all our stakeholders.
Links to our latest documents
Greenhouse gas emissions (GHG)
We are working with the operator in Egypt to identify, quantify and categorise our emissions We will consider emissions scope, reporting boundary, and methodology. We intend to report on these in next year’s annual report and work with the Joint Venture partners to assess the data and identify opportunities for efficient decarbonisation.
We will be very transparent in our disclosures and what can be achieved with regards to emissions.