We recognise and minimise our potential impact on the environment. Our Health, Safety and Environment Policy sets out our commitment to act responsibly, protect the environment and conserve biodiversity.
(quantities greater than 100 litres)
Greenhouse Gas Emissions (GHGs)
GHGs associated with energy use and flaring are a key area of potential impact. We monitor and report our GHG emissions from our operated projects, joint operated projects and corporate/administrative activities, on an overall and equity share basis, in accordance with industry requirements. We also participate in the Carbon Disclosure Project (CDP).
Pharos Energy counts emissions of carbon dioxide (CO2), methane (CH4) and nitrous oxide (N2O) as a single parameter – carbon dioxide equivalent (CO2e).
As our total emission of the other three greenhouse gases categorised in Section 92 of the UK Climate Change Act, (hydrofluorocarbons, perfluorocarbons and sulphur hexafluoride) is negligible, it is not calculated.
Effluents and waste
In 2018, we maintained our record of zero oil and chemical spills throughout our operations.
In Vietnam, water we extract offshore during oil and gas production is separated, cleaned and discharged to the sea. We meet or exceed national standards for this water’s oil content, and influence our partners to align with international standards.
We recycle as much non-hazardous waste as possible from our offshore drilling, and have a third-party contract for hazardous waste disposal, checked, audited, and approved by the Vietnamese authorities .
We conform to the Convention on Biological Diversity (1992) for projects in modified, natural or critical habitats, legally protected or internationally recognised areas, and ecosystems where Pharos has direct management control or significant influence.
In Egypt, our El Fayum concession borders Lake Qarun, which includes important bird areas, and is adjacent to the Wadi El Rayan protected area and its Wadi Al-Hitan World Heritage Site.
In Vietnam, Blocks 125 & 126 are approximately 50km offshore to the Nha Trang Bay Protected Area and the Thuy Trieu Marine Protected Area. Pharos does not operate in any UNESCO designated World Heritage Site. We ensure our activities around these sites do not jeopardise their Outstanding Universal Value.
We undertake comprehensive Environmental and Social Impact Assessments before any new project, using international standards and consulting with local stakeholders. Whenever we operate in sensitive areas, we produce suitable site-specific biodiversity action plans and involve external advisers to ensure we meet best practice conservation priorities.
The Aggreko project
The Pharos El Fayum Natural Gas Power Generation Project, also known as the Aggreko project, is part of a broader plan to utilise produced associated gas for power generation, along with flare reductions.
Commissioning of the Aggreko Project started on 26 February 2019, with startup and well loading June 2019 at North Silah Deep site. The Aggreko generators reduce CO2 equivalent emission as they are associated-gas powered electricity generators rather than the diesel powered generators.