At Kistos, we look to generate value for both our shareholders and our other stakeholders across our operations.
At the heart of this lies the aim to maximise operational sustainability and reduce emissions for the benefit of future generations. Kistos’ commercial activities are conducted responsibly, supported by strong governance structures and undertaken with the utmost consideration for our environmental and social impact in the locations where we operate. In short, we want to make returns to shareholders in a way that benefits current and future generations.
The energy market in which we operate remains in a state of significant change. Society’s growing energy demand, alongside the impact that greenhouse gases from fossil fuels are having on our climate, means we are starting to see a concerted shift towards renewable and low-carbon alternatives. We believe that natural gas and oil have an important role to play in the energy transition, bridging the gap on the journey from fossil fuels to a renewable, zero-carbon future.
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Our commitment to the Net Zero 2050 agenda
We recognise that the world needs to move on from fossil fuels such as coal towards more sustainable sources of energy. This is not straightforward, but Kistos is a gas and oil business that fully embraces the Net Zero 2050 agenda. We aim to be part of the energy transition by producing hydrocarbons with the lowest possible carbon footprint. Oil and natural gas will remain part of Europe’s energy mix for the foreseeable future, and therefore are critical to Europe’s transition to a low-carbon future. Our approach involves increasing our reserves and production capacity of natural gas with low Scope 1 and Scope 2 GHG emissions.
Case Study: Q10-A Platform
We already proudly produce gas in the Dutch and UK sectors of the North Sea through the unmanned Q10-A platform, which is powered by renewable wind and solar energy, and from the GLA.
