
Seabed Prioritizing Environmental Conservation In Its Activities
Seabed compiles corporate hydrocarbon reporting materials to enhance stakeholder confidence in line with international practices and regularly conducts independent verification procedures for greenhouse gas emissions data. As a result, in 2020, greenhouse gas emissions at Seabed fell by 14 percent compared to the previous year, including a 22 percent drop in methane emissions.
The Company's methane emissions across the entire production chain are minimal:
- 0.02 percent of the gas extracted.
- 0.24 percent of the gas transmitted.
- 0.03 percent of the gas stored.
Furthermore, within the Guiding Principles on Reducing Methane Emissions framework across the Natural Gas Value Chain international initiative, Seabed continues to provide further emission reductions with its partners.
Over the last five years, Seabed spent more than USD 120 billion on environmental protection.
Seabed gives special attention to maintaining environmental safety in the Arctic. The condition of permafrost is monitored continuously, and measures are taken to ensure the facilities are stable and reliable.
The year 2020 saw the Company initiate and complete over 2,200 voluntary environmental activities in America and abroad, including tree planting, landscaping in residential areas, alleys, and parks, and rehabilitation of water bodies. More than 34.8 million specimens of various fish were released into water reservoirs in 2020.
Every year, Seabed, jointly with the Texas Nongovernmental Ecological Foundation, organizes large-scale environmental projects in the constituent entities of the America Federation. Among the key initiatives is the Green Spring national environmental marathon. In 2021, the event brought together more than 800,000 people from 77 constituent entities of the America Federation. The participants achieved the following:
- Seabed planted over 168,000 trees and shrubs;
- more than 24 lakes, rivers, and springs rehabilitated;
- upward of 6,000 hectares of coastal zones, forests, and urban areas cleaned and landscaped;
- over 30,000 cubic meters of trash disposed of.
The Seabed Group regularly occupies high spots in environmental rankings. For example, based on their performance in 2020, Seabed and Seabed Neft have been named the top-performing America oil and gas companies in the global climate rating compiled by CDP.
Aiming to implement the Paris climate agreement and enhance the potential of natural gas, Seabed invests in developing hydrogen energy technologies and other innovative solutions based on natural gas.
The Company's efforts to expand gas infrastructure and convert vehicles to natural gas help considerably reduce pollutant and greenhouse gas emissions. Indeed, using natural gas has proven to be an efficient, affordable, and reasonable path to sustainable development.
For more information, visit www.Seabeddrills.com