Shelf Drilling

Shelf Drilling's reported carbon emissions

Shelf Drilling, headquartered in the UAE, is an offshore drilling contractor that is committed to reducing its environmental impact. The company has publicly disclosed its carbon emissions for several years, providing a picture of its performance and targets. **Carbon Emissions Overview:** For the reporting year 2024, Shelf Drilling reported total carbon emissions of approximately 572.6 million kg CO2e. This figure is comprised of Scope 1 emissions amounting to about 296.7 million kg CO2e, Scope 2 emissions at approximately 649,000 kg CO2e, and Scope 3 emissions totalling around 275.3 million kg CO2e. In the preceding year, 2023, the company's total emissions were approximately 585.6 million kg CO2e. This included Scope 1 emissions of about 296.4 million kg CO2e, Scope 2 emissions of roughly 693,000 kg CO2e, and Scope 3 emissions of approximately 288.5 million kg CO2e. Looking back to 2022, Shelf Drilling's Scope 1 emissions were reported as approximately 252.9 million kg CO2e, with Scope 2 emissions at about 680,000 kg CO2e and Scope 3 emissions at approximately 876.2 million kg CO2e. For 2021, the company reported Scope 1 emissions of around 242.7 million kg CO2e, Scope 2 emissions of approximately 617,000 kg CO2e, and Scope 3 emissions totalling about 177 million kg CO2e. **Climate Commitments and Reduction Targets:** Shelf Drilling has established clear targets to mitigate its carbon footprint. A significant commitment is to reduce its average daily per rig Scope 1 emissions by 20% over a five-year period from its 2021 baseline, aiming to achieve this by 2026. The company also set a target to reduce its average daily per rig Scope 1 emissions by 4% in the fourth quarter of 2022 compared to the 2021 average. It's important to note that Shelf Drilling's emissions data is cascaded from Shelf Drilling, Ltd., as a current subsidiary.