Sustainability Facts: highlighted initiatives from oil and gas companies

In the midst of the conversation about the energy transition, companies in the hydrocarbons sector are advancing high-impact programs that contribute to the achievement of the Sustainable Development Goals in the country, in various areas: emission reduction, energy utilization, working with communities for conservation, female leadership, and circular economy.

Here are some of these initiatives and achievements:

GeoPark reduced 40,000 tons of CO2 in 2023:

Reefs of Unity, Chevron Colombia's contribution to marine biodiversity conservation

This initiative is the third phase of Chevron Colombia's coral restoration project. It aims to strengthen the capacities and skills of the local community and other social actors in the department of San Andrés and Providencia around the conservation and restoration of reefs, through education and awareness tools. This year, Reefs of Unity has formed a group of young environmental leaders to prepare them in marine conservation skills. It has also developed a coral restoration camp with social actors and is implementing an educational campaign to raise awareness among children, youth, and institutional actors about the importance of conserving these ecosystems.

GeoPark implements a successful emissions reduction plan based on the integration of clean energies, energy efficiency, and methane management. In 2023, the Company managed to reduce more than 40,000 tons of CO2 in scope 1 and 2 emissions, compared to 2022, reducing its emission intensity by 26% against the 2020 baseline. Some initiatives that have leveraged this reduction include the interconnection of Llanos 34, the third block with the highest contribution to Colombia's oil production, to the National Interconnected System (SIN), the commissioning of a photovoltaic solar farm, as well as projects involving chemical and temperature testing to reduce energy consumption. The company aims to reduce its emission intensity by 35-40% by 2025, reinforcing its commitment to sustainability in the oil and gas industry.

Promotion of human rights culture at Canacol Energy:

As a signatory of the UN Global Compact, Canacol Energy supports the 17 Sustainable Development Goals. With this approach, it has guiding principles aimed at protecting Human Rights, which constitute the policy that guides the company's decisions, business management, and relationships with people and the environment.
Reefs of Unity, Chevron Colombia's contribution to marine biodiversity conservation

This initiative is the third phase of Chevron Colombia's coral restoration project. It aims to strengthen the capacities and skills of the local community and other social actors in the department of San Andrés and Providencia around the conservation and restoration of reefs, through education and awareness tools. This year, Reefs of Unity has formed a group of young environmental leaders to prepare them in marine conservation skills. It has also developed a coral restoration camp with social actors and is implementing an educational campaign to raise awareness among children, youth, and institutional actors about the importance of conserving these ecosystems.

Water utilization system of Frontera Energy:

The SAARA project, Water Utilization System for Agricultural Reuse, has been operational since 2022. Its objective is to treat the water produced within oil operations in the Quifa and Rubiales fields, in Puerto Gaitán, Meta, at a plant with a capacity of up to one million barrels per day, to recondition it so that it can subsequently be used for irrigating oil palm crops covering more than 3,000 hectares in the region.

Bet on the decarbonization of SierraCol Energy:

SierraCol Energy bases its decarbonization strategy on four fundamental impact pillars, aimed at reducing greenhouse gas emissions in its operations. These pillars are: energy transition, energy efficiency, elimination of routine flaring of associated gas, and measurement and mitigation of methane leaks. The results are: by the end of 2023, SierraCol managed to reduce its CO2e emissions by 47% compared to the baseline year 2020 and continues to implement innovative projects to achieve a reduction of more than 65% by the end of 2025.