Annual Report 2015

ECONOMIC, SOCIAL AND
ENVIROMENTAL PERFORMANCE

Annual
Report 2015

ECONOMIC, SOCIAL AND
ENVIROMENTAL PERFORMANCE

Striving for risk management, people and business excellence in a continuously challenging environment

STRATEGIC GOAL:

Reduce CO2 intensity of operations by 20% by end of 2017 (in tCO2/ tonnes of oil equivalent)

PERFORMANCE:

  • GHG intensity of E&P operations decreased by 25% compared to 2011 primarily due to reduced venting achieved with EOR project in Croatia
  • Energy consumption in upstream operations increased mainly due overhaul in INA d.d. production and as a result of the EOR project

STRATEGIC GOAL:

  • Reduce total water withdrawals by 5%
  • Improve water management techniques in water-stressed areas

PERFORMANCE:

  • We continued to reduce total water withdrawal in our upstream operations
  • Decrease in water withdrawal is primarily the result of a new cooling water circulation system in MOL Plc.and water efficiency measures in Russia
  • The volume of hydrocarbon content of spills above 1 m3 decreased to 4 m3 in total, no major spills occurred in 2015 in contrast to 2014

 

STRATEGIC GOAL:

Implement programs that aim for zero incidents

PERFORMANCE:

  • In 2015 we had 4 contractor fatalities in our upstream operations, due to a blast fire during loading oprations executed by a contractor in Pakistan
  • In own staff LTIF a continuously improving trend (since 2010) is coming to a halt, as in 2015 INA Group registered an increase in its frequency rate HUMAN CAPITAL

STRATEGIC GOAL:

Ensure operational excellence in challenging business environment

PERFORMANCE:

  • Headcount optimization in line with strategic portfolio decisions
  • Increased focus on management and petrotechnical professionals’ (PTP) capability development