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Business / Qatar Business

Maersk Oil releases Sustainability Report

Published: 29 Jul 2013 - 01:41 am | Last Updated: 31 Jan 2022 - 11:32 am


Al Shaheen, Qatar’s largest offshore oil field, operated by Maersk Oil Qatar.

Doha: Maersk Oil Qatar, Operator of Qatar’s largest offshore oil field — Al Shaheen — has released its 2012 Sustainability Report that shows a 92 per cent reduction in daily average flaring since 2007. 

The report also underscores the company’s best annual safety performance; more than $475m spent with local vendors; creation of a National Development Committee comprising senior representatives from across the business to support and guide its Qatarisation strategy; and the launch of numerous social investment partnerships that are contributing to the sustainable development of Qatar.

Speaking at the launch of the report, Lewis Affleck, Managing Director of Maersk Oil Qatar said: “Working closely with our partner Qatar Petroleum (QP), Maersk Oil produces around 300,000 barrels of oil per day, that’s over one-third of Qatar’s daily oil production. As a responsible and reliable operator we are committed to conducting our activities in a sustainable manner that delivers long-term value for our business, our partners and for our host nation Qatar.” 

“Maersk Oil Qatar is fully committed to supporting the Qatar National Vision 2030 (QNV 2030),” said Affleck. “The QNV 2030 provides a framework for the nation’s sustainable development and Maersk Oil is committed to playing an active role in helping Qatar achieve these goals. Our new report highlights some of our many activities and achievements from 2012 that demonstrate this commitment.” 

Environment — By working in close partnership with QP, Maersk Oil Qatar has reduced flaring from the Al Shaheen field by around 92 per cent since 2007 – earning both parties an ‘Excellence in flare reduction’ award from the World Bank in 2012. This significant flaring reduction has also helped Maersk Oil Qatar cut greenhouse emissions from its operations, which are now at less than 50 per cent of 2007 levels.

Health and Safety — The company recorded its best safety performance in 2012, and although employees and contractors worked a total of 7.5 million work hours, there were no fatalities and a lost-time injury frequency (LTIF) rate of 0.27 per million work hours was achieved — significantly lower than the industry average of 0.48.

Economic development — In 2012 Maersk Oil Qatar spent more than $475m with local vendors, and over the past four years, the company has spent approximately 58 per cent of its total procurement turnover with local vendors.

Human development — Almost 25 per cent of the company’s employees are Qatari — around 180 persons— with nearly 50 per cent in technical and engineering positions. Maersk Oil has a comprehensive programme of activities to recruit, retain and develop its Qatari workforce: Qatarisation is considered of utmost importance and remains an area of focus.

Sheikh Faisal bin Fahad Al Thani, Deputy Managing Director of Maersk Oil Qatar, said “Beyond the responsible development of Qatar’s natural resources, the development and training of Qatari people and the use of local businesses, Maersk Oil contributes to the sustainable development of Qatar through its comprehensive social investment programme. This has been founded on a commitment to deliver high quality projects and robust partnerships that deliver real, long-term, sustainable impacts that benefit Qatar and Qatari citizens.”

The Peninsula