WTI $88.03
+1.51
Brent $93.70
+1.90
MAHA-A SEK12.16
-0.14

Environment

Environmental Stewardship

Maha believes that oil and gas developments can and must be undertaken in a manner that is safe for its employees, contractors, stakeholders, neighbors, and the environment. We conduct our operations in a manner that respects the environment and is, at minimum, in compliance with the applicable environmental laws and regulations.

Maha is environmentally conscious and is committed to minimize the impact of our activities on the surrounding natural environment.

Through careful planning and good communication between our neighbors, authorities, and within the Maha Team, we are able to continue our work in an environmentally responsible manner.

Being Proactive Rather Than Reactive

As part of our business culture, Maha implements the philosophy of being proactive rather than reactive in its environmental management. Proactively identifying, anticipating, planning, and preventing costly and impactful scope changes in development plans and operational activities help us minimize, if not eliminate, environmental and social impacts prior to them possibly occurring. Proactive management can also address potential irreversible impacts and allows for decisions to be made on strategy and management, rather than responding out of necessity to a situation. This allows us to plan to fully utilize its resources, minimize waste, as well as minimize potential environmental and social impacts. Our goal is to minimize the impact on the environment through early identification, mitigation, and monitoring of environmental impacts. We want to advance a strong environmental culture that effectively minimizes potential impacts and risks of incidents by:

  • Detecting potential environmental hazards early
  • Minimizing the current and potential risks through prevention and correction
  • Preventing unnecessary waste and ensure wastes is disposed of properly
  • Managing water consumption and effluents to water bodies in a lawful manner and with consideration to the needs and requirements of other stakeholders

It is the policy of Maha to safely extract, process and transport hydrocarbons whilst minimizing the impact to the environment.

Image
Image
Image
Image



Proactively Protecting the Environment

We have an ambition to explore and produce oil and gas with minimal environmental impact. Our Team implements efforts in improving its environmental focus in operations and pre-emptive work to minimise environmental impact, not least the risks for spills and damage.

 

Case Study

In late spring of 2021, we focused on reducing spill incidents at our facilities through three initiatives: 1) education and conversations, 2) improved system structures, and 3) routine facility integrity checks.

1) Education and Conversations

A well-prepared spill-prevention strategy is a versatile tool that can be used for many purposes, however renders inadequate unless it is integrated into the workplace culture. Improving spill prevention awareness at the workplace means establishing a culture where individuals actively include spill prevention techniques in daily work. In late spring of 2021, we took an active role in educating and discussing spill prevention tactics with employees, contractors, and sub-contractors.

2) Improving Structural Systems

In 2021, we conducted system integrity checks where equipment and systems were internally inspected for potential weak points. To address some of these vulnerabilities, we replaced older corrosive material with newer more corrosive-resistant material at the Illinois Basin facilities - 8 system valves were replaced immediately. Then in Brazil, we enhanced its spill protection barriers and secondary spill capture containers.

3) Routine Facility Checks

We expanded its environmental monitoring procedures at all facilities by implementing the enhanced facilities integrity checks. The routine integrity checks help identify potential hazards, vulnerabilities, and irregularities at our facilities and corrective actions can be taken. This proactive management system allow for measures to be taken to prevent potential negative environmental, social, and safety impacts from occurring as a result of Maha’s operations.

Waste Management – Illinois Basin

We strive to reduce our impact on the environment by taking measures to reduce risk by preventing unnecessary waste production.

Case Study

We go beyond simply proactively managing waste and took on a waste and spill remediation project that was caused by a prior Operator. A saltwater spill occurred in May of 2019 and was not remediated until Maha acquired the Illinois Basin asset in April 2020. Approximately 120 barrels of oil contaminated saltwater was remediated and removed from the 1 acre spill site. Six local workers spent 3 days to extract, remove and properly dispose of the oily saltwater waste. The surrounding soil and vegetation were washed and treated with water and other in-situ compounds that aid in sodium-damaged soil. This technique has been successful in regenerating sodium-damaged soil, regardless of the age or amount of contamination. We continuously took soil samples to ensure the area was properly remediated and ensured the results were well within the legal compliance standards.

Although this spill was not caused by Maha, we have well documented and rehearsed procedures for preventing similar accidents. To ensure similar spills do not reoccur, we have installed plugs in valves as back-ups and increased the containment berms to ensure that proper fluid containment is available in the event of a leak.

Standard Maha operating procedures for all its installations requires daily inspections to ensure pipelines are intact and operating safely. 

Biodiversity Protection

Maha believes in the importance of respecting and protecting biodiversity at its installations. The United Nations Sustainable Development Goals on biodiversity help guide us in mitigating impacts on the natural environment and its biodiversity. We recognize biodiversity and ecosystem degradation can inflict a wide range of potential business risks related to productivity, legal matters, market, reputation, and finance. Thereby, we strive to prevent and minimize impact on biologically diverse and protected natural areas. For example, we are taking a proactive approach to protect biodiversity by supporting a turtle conservation project dedicated to the research, education, and conservation.

Image

Tamar – Turtle Sanctuary Project

Since 2017, Maha has supported the Tamar Turtle Sanctuary Project in Brazil. The support helps the Tamar project in monitoring of sea turtle nests near the Tartaruga operations. The Tamar Sanctuary Project was started by a group of students from the Federal University of Rio Grande in 1980. Today the project is internationally recognized as one of the most successful marine conservation developments. It has become a model for other conservation programs in Brazil and other countries because it incorporates conservation, research and socio-environmental work with communities.

The project started as an attempt to save the five sea turtle species: Olive Ridley Turtle (Lepidochelys olivacea), Loggerhead Turtle (Caretta caretta), Hawksbill Turtle (Eretmochelys imbricata), Leatherback Turtle (Dermochelys coriacea) and Green Turtle (Chelonia mydas) in Brazil from extinction. The eggs from the female turtles were once hunted as a food source for the coastal communities. Additionally, the improper use of fishing gear contributed the inadvertent catch of sea turtles, further pushing these species to extinction. The project, together with enacted Brazilian law, has helped mitigate these threats and the results have been positive.

Protecting the Brazilian turtles is important because turtles play a role in the ecosystems they inhabit. These turtles are migratory species and move between different water bodies that differ in ecosystem type (coral reefs, sandy substrate floors, and sea grasses). As they move, they transfer energy between the environments and are considered ecosystem engineers due to their influence on the different ecosystems. Turtles serve as disperses for various organisms like barnacles, tunicates and mollusks, which has an important impact on the ecosystems. The turtles are also a source of food for many marine and terrestrial predators, some of which may be key stone species to an ecosystem. Other organisms have been observed feeding off of turtle shell and internal organs, which also contributes to the ecosystem and food chain.

Tamar Project Highlights

  • All five species of sea turtles in Brazil are showing signs of recovery,
  • 1,100km of beaches are protected for sea turtle nesting,
  • Approximately 30,000 protected sea turtle nests each year,
  • Over 37,000,000 turtles have been returned to the ocean in 38 years,
  • 1,800 job opportunities created,
  • Approximately 1,000,000 visitors have visited the Tamar Visitor Centers

We work very closely with the staff of the Tamar Turtle Sanctuary Project. Prior to any drilling and expansion work at the Tartaruga field, the Tamar project managers are consulted to ensure minimal impact to the environment. One of the main impact sources for the turtle project is artificial light. We have on multiple occasions self-imposed light restrictions and light mitigation techniques to minimize the impacts on nesting sea turtles.

Then by providing the Tamar project team with an all-terrain vehicle, we help the Tamar project monitor the extensive coastline for nesting turtles. We also assist with fuel to the Tamar all-terrain vehicle. In addition to providing equipment and material, the Tamar project provide employment opportunities. To ensure accountability of the project’s progress, we receive and review reports sent from the Tamar Turtle Sanctuary.

This information and more can be found on the Tamar Sea Turtle website found here

Energy Efficiency

Energy Use and Emissions

While Maha is an energy supplier to the local and national grid that continues to serve a growing population*, we are also an energy consumer. Our Gas to Wire (GTW) gas utilization program helped power our operations in Brazil as well as contributed energy to the local grid. The GTW generators convert excess gas produced by our wells into power. This not only reduces the dependence on the local grid and allows us to be self-reliant in our operations but it also reduces direct emissions to the atmosphere.

Emissions

Part of our philosophy of proactive environmental planning includes maximizing the use of resources to reduce the production of waste. Natural gas, a bi-product of our operations, is also a resource. While excess natural gas can be flared, we endeavour to utilize the natural gas in the best and most economical manner. Wherever economically feasible, we have taken actions to lower Greenhouse Gas (GHG) emissions by reducing the flaring of natural gas through capital investments in three gas utilization projects: 1) gas electrification, 2) compressed natural gas, and 3) gas re-injection program. In addition to these initiatives, natural gas is also used in our separation process in the form of heat and electricity generation, making the primary product production very efficient.

*https://datacommons.org/place/country/BRA?utm_ medium=explore&mprop=amount&popt=Consumption&cpv=consumedThing%2CEnergy&hl=en

Image