Nostrum Oil & Gas PLC

Nostrum Oil & Gas PLC's reported carbon emissions

Nostrum Oil & Gas PLC, an oil and gas extraction company headquartered in the UK, reported approximately 180.2 million kg CO2e in total emissions for 2023. This figure encompasses Scope 1, 2, and 3 emissions, with Scope 1 emissions accounting for the vast majority, primarily from stationary combustion. For 2023, Scope 1 emissions were approximately 180.1 million kg CO2e, including stationary combustion, fugitive emissions, and mobile combustion. Scope 2 emissions were significantly lower, at approximately 21,000 kg CO2e. Scope 3 emissions, detailed for capital goods and purchased goods and services, were approximately 150,000 kg CO2e and 1.43 million kg CO2e respectively, with waste generated in operations at approximately 289,000 kg CO2e. In 2022, total emissions were approximately 169.6 million kg CO2e, with Scope 1 emissions at around 169.6 million kg CO2e and Scope 2 emissions at approximately 5,000 kg CO2e. Scope 3 data for 2022 was incomplete, with only waste generated in operations reported at approximately 352,000 kg CO2e. Nostrum Oil & Gas PLC is committed to a journey towards net zero and aims to align with Kazakhstan's strategy for carbon neutrality by 2060. The company has set interim targets, including a near-term goal for Kazakhstan to reduce greenhouse gas emissions by 15% from 1990 levels by 2030. For 2023, Nostrum set a target for a 5% year-on-year reduction in actual CO2 emissions. Historical emissions data shows a downward trend in total emissions from 2019 onwards. For instance, total emissions were approximately 223.3 million kg CO2e in 2019, decreasing to about 187.7 million kg CO2e in 2020 and 187.5 million kg CO2e in 2021. Scope 1 and 2 emissions were approximately 254.7 million kg CO2e in 2018 and 255 million kg CO2e in 2017. Prior to 2016, emissions figures were higher, with approximately 209.6 million kg CO2e in 2016 and 228 million kg CO2e in 2015. Older data from 2014 shows no disclosed emissions data. The company's production emission factors are also reported in tonnes of CO2 per million barrels of oil equivalent (mmboe) and tonnes of CO2 per tonne of oil equivalent (toe), indicating their focus on operational efficiency and emissions intensity. For 2023, the production emission factor was approximately 48.9 million tonnes CO2/mmboe and 300 tonnes CO2/toe.