Sustainability Specialist Andrew Murray shares more information on our energy transition journey as we strive to create a sustainable future for the energy sector.
With the energy transition front and centre on the UK’s political agenda and playing an increasing role in the business plans of many organisations, there’s never been a better time to review and analyse the impact of a business on the environment.
The information conveyed in the report is sourced from data that has been captured across the business and from the very first operation of our first asset in January 2022.
Ensuring availability and clarity of this information supports the development of a clear action plan, continually improving across all Environmental, Social & Governance (ESG) aspects.
The 2024 report has been developed to capture our progress, inform our stakeholders and ensure transparency as we minimise our environmental impact, promote societal benefits and demonstrate robust governance within the business. It describes the steps we are taking to support the industry in pursuit of the UK’s goal of net zero carbon emissions by 2050.
Well-Safe Solutions offers a broad suite of core services in support of a just and sustainable transition. The company began by offering onshore and offshore well decommissioning engineering services, but has expanded to include the design and drilling of wells for carbon storage, including legacy well preparation for this purpose.
As of October 2024, 956 wells worldwide feature our engineering expertise, with over 80 of these having been physically decommissioned by Well-Safe Solutions’ assets and personnel. Well-Safe Solutions has also provided 135 legacy well reviews for carbon capture and storage purposes for several international energy companies.
We have voluntarily produced this report as part of our commitment to conducting our operations in a sustainable way, supporting both international and national sustainability targets, and benefiting wider society with safe and efficient operations.
We continue to invest significantly in our decommissioning assets and our people to support our environmental, social and governance objectives, which you’ll learn more about in this report.
Well-Safe Solutions is proud to be taking these initial steps in the energy transition process, in alignment with the United Nations Sustainable Development Goals (SDGs). As signatories of the UN Global Compact, we are committed to supporting global principles and goals which aim to provide a better future for all.
We look forward to keeping you updated every step of the way as we build an energy transition business fit for the challenges of the 21st century.
