Our goal is to provide relevant, financially material, and industry specific sustainability information to stakeholders.

KEY 2019 DISCLOSURES

257,860

Tonnes Scope 1 CO2
Emissions

57,164

Tonnes Diesel Fuel
Consumed

No Major

Loss of
Containment

1

Unplanned
Discharge <1 litre

ENVIRONMENTAL MANAGEMENT

Shelf Drilling recognizes the value of protecting the climate and our natural environment and places a premium on being compliant with relevant environmental regulations and protecting the environment in our operations. Shelf Drilling has implemented comprehensive environmental policies, processes and systems and utilizes an integrated management system to monitor performance throughout all offshore and onshore operations. Environmental performance is tracked in a monthly HSE report and any incidents are reported to the relevant authorities.

Shelf Drilling’s Policies on Environmental Protection include:

  • Registers of Environmental Legislation and Other Requirements
  • Environmental Aspects and Impacts
  • Mud System Management
  • Bulk Transfer Operations
  • Deck Drainage
  • Emissions and Energy Conservation
  • Waste
  • Discharges
  • Material and Product Selection

ENVIRONMENTAL IMPACTS, SPILLS AND RELEASES

Environmental impacts are defined as any element of the Company’s inputs, activities, products or services that can interact with the environment, as well as any change to the environment, whether adverse or beneficial, wholly or partially resulting from the Company’s activities, products or services.

Shelf Drilling’s environmental policies are designed in alignment with the ISO 14001 standard. Although the Company as a whole is not ISO certified, some of our locations and rigs, are certified in accordance with ISO 14001. All of our rigs, yards and offices are covered under the same management system as those that are certified.

WATER AND WASTE MANAGEMENT

Fresh water used on our rigs (for example, in cleaning and cooking) is produced from sea water using water makers installed on board the rig. Drinking water is generally shipped from shore. The volume of fresh water generated on board is not recorded but 100% of the water is recycled and discharged back into the sea after it has gone through the sewage treatment plant (STP) and has been treated as per MARPOL regulation. The fresh water quality is analyzed every quarter in our labs.

Minimizing other waste from our operations remains a focus to further reduce our impact to the environment. Waste is segregated offshore into separate storage containers (for example, wood, metal, plastic) and shipped back to shore for recycling where relevant facilities exist. The volumes or weight of each waste category are registered in our HSE management system.

CLIMATE RISK ASSESSMENT

A key material issue for investors and other stakeholders relates to climate change, not only regarding emissions but also how climate risks – both physical and regulatory – may impact companies and their future business outlook. Shelf Drilling have assessed the Company’s climate risk management in accordance with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). The outcomes from the review which are described in closed detail in our 2019 Sustainability Report will help our investors and all other stakeholders better understand how Shelf Drilling is positioned to manage the risks and opportunities associated with climate change.

Our operating footprint makes us resilient to climate change risks:

  1. Shelf Drilling’s core operating areas and jack-up rig fleet have relatively lower emissions compared to other regions and offshore rig types.
  2. We operate exclusively in shallow water areas which represent approximately 18% of the world’s total liquids production.
  3. 65% of our business is conducted on fields with existing platforms and infrastructure (“brownfield”).
  4. We are increasing the amount of decommissioning work or “plug and abandonment” (P&A) activities.

Based on the above factors, we therefore believe that Shelf Drilling’s business is sustainable across all currently envisaged climate related scenarios for the oil and gas industry.

Grade C
Shelf Drilling 2020 Climate Change Score