ESG

ESG


Introduction to ESG

As the understanding of the impact humans have on the planet improves it is clear that energy demands must be met in a more sustainable way. Even as the transition to renewable energy sources gathers pace, finding and producing the cleanest hydrocarbons remains essential to raising the standard of living for all of mankind. Norway leads the way by producing hydrocarbons with the lowest CO2 emissions and Wellesley is a part of this story.

ESG is at the heart of the way we do business in Wellesley and is reflected in our business model, our portfolio and our governance processes.

Gas to Europe

Approximately 50% of Wellesley’s discovered hydrocarbon resources take the form of gas. Norwegian gas exports have been a key enabler behind the reduction in CO2 emissions achieved in the United Kingdom and continental Europe by displacing dirtier coal from local energy systems. In the medium term, gas will play an essential role alongside renewable technology in driving CO2 reduction. Wellesley is well placed to contribute to this process through its gas development portfolio and an active gas-focused exploration programme.

Gas to Europe

Oil production powered from shore

Norway has pioneered the technology of powering offshore production facilities by electricity delivered from shore. This eliminates the considerable levels of CO2 normally emitted when burning hydrocarbons to power offshore platforms. All of Wellesley’s discovered oil resources are expected to be developed using power from shore technology.

Oil production powered from shore

Safe and sustainable operations

Since start up in 2015 Wellesley has focussed on minimising the impact our operations have on the environment, whilst ensuring operations are done safely and in adherence to our governance processes as laid out in the company management system.

Wellesley strives to be a socially responsible operator. We work with recognised quality Norwegian suppliers who have a strong track record with respect to transparency. Our team of Norwegian suppliers can take pride in the excellent results we have achieved together in Wellesley’s drilling operations, based on a company culture founded on our core values:

  • Teamwork
  • Clarity
  • Ownership
  • Humility
  • Integrity
Safe and sustainable operations