Europa Oil & Gas

ESG

The Europa Board is committed to conducting our business in a safe and environmentally responsible manner. We believe that, by doing so, Europa will deliver lasting benefits to the communities and environments where we work, and provide long term growth to our shareholders, employees and stakeholders.

Europa’s objective is to participate actively in the national energy transition to sustainable renewables. In June 2021, Europa signed an MOU with Causeway GT to assess the potential of West Firsby as a test site for sustainable, clean geothermal energy systems. The collaboration will explore:

  • Utilising existing infrastructure and wells for geothermal applications at West Firsby to deliver clean, reliable, and cheap sources of heat
  • Studies will determine if commercial deployment of geothermal technologies are viable at the site
  • Potential to convert onshore legacy oilfields into sources of clean and reliable energy forms part of Europa’s ESG strategy and the Company’s stated desire to participate in the national energy transition
  • Successful project will deliver long term benefits to EOG shareholders, the UK’s national energy grid and the local community in West Firsby

Environmental

  • Committed to working towards the UK’s target of Net Zero by 2050 – this focus drives our strategic thinking and operating philosophy
  • The Serenity field will be developed in line with the NSTA’s stated strategy to ensure that the maximum volumes of oil are recovered from the North Sea in a manner that is compliant with the Secretary of State’s goal of meeting the Net Zero target

Social

  • Employ an equal opportunities policy when hiring staff and consultants
  • Zero tolerance for discrimination on the basis of gender, race, religion, age, or disability
  • Ensure the highest levels of safety are employed by our staff and our partners

Governance

  • Independent Board made up of highly experienced industry professionals
  • Audit, Remuneration, Nominations and Strategy Committees in place to support and guide the executive management team
  • ESG strategy is actively managed by the Board