| Metrics | 2024 | 2023 | 2022 | 2021 | 2020 | SASB Disclosures | Notes |
|---|---|---|---|---|---|---|---|
| Environment | |||||||
| Greenhouse Gas Emissions | |||||||
| Reporting boundary: Equity control | |||||||
| Scope 1 - Gross direct GHG emissions (metric tons of CO2e) | 219,511.26 | 202,295.94 | 232,650.44 | 306,988.74 | 262,981.90 | EM-EP-110a.1 | 1 |
| % methane | 7% | 16% | 19% | 15% | 19% | EM-EP-110a.1 | |
| % covered under emissions-limiting regulations | n.d. | n.d | n.d | n.d | n.d | EM-EP-110a.1 | |
| Scope 1 - Gross direct GHG emissions by source (metric tons of CO2e) | 1 | ||||||
| Flared emissions | 48,303.10 | 40,506.59 | 31,189.98 | 37,976.13 | 39,688.60 | EM-EP-110a.2 | |
| Combustion emissions | 161,300.84 | 132,749.80 | 159,907.45 | 227,278.27 | 177,734.80 | EM-EP-110a.2 | |
| Fugitive emissions | 3,893.54 | 5,671.69 | 6,220.82 | 1,386.16 | 1,580.30 | EM-EP-110a.2 | |
| Process emissions | 304.25 | 249.05 | 177.29 | 141.97 | 23.9 | EM-EP-110a.2 | |
| Vented emissions | 5,709.53 | 23,118.81 | 35,154.90 | 40,206.21 | 43,955.10 | EM-EP-110a.2 | |
| Discussion of long-term and short-term strategy or plan to manage Scope 1 emissions, emissions reduction targets, and an analysis of performance against those targets | 2024 Sustainablity Report (pgs: 18-27) | 2023 Sustainablity Report (pgs: 19-30) | 2022 Sustainability report (p. 19-24) | 2021 Sustainability Report (pgs. 24-27) | 2020 Sustainability Report (pgs. 57-60) | EM-EP-110a.3 | |
| Direct Air Quality & Other Emissions (Metric Tons) | |||||||
| NOX | 787.58 | 576.97 | 522.51 | 297.66 | 326.32 | EM-EP-120a.1 | |
| SOX | 31.34 | 94.35 | 131.84 | 63.58 | 71.62 | EM-EP-120a.1 | |
| VOCs | 332.55 | 257.24 | 221.66 | 135.01 | 649.61 | EM-EP-120a.1 | |
| PM | n.d | n.d | n.d | n.d | n.d | EM-EP-120a.1 | |
| PM emissions have not been determined for the scope of this report. | |||||||
| Water and Wastewater Management | |||||||
| Total water withdrawn from all sources (megalitres) | 169.8 | 211.64 | n.d | n.d | n.d | EM-EP-140a.1 | |
| Total water consumed in operations (megalitres) | 88.66 | 130.09 | n.d | n.d | n.d | EM-EP-140a.1 | |
| Percentage of total water consumed in operations in regions with high or extremely high baseline water stress(%) | 0% | 0% | n.d | n.d | n.d | EM-EP-140a.1 | |
| Percentage of total water withdrawn from all sources in regions with high or extremely high baseline water stress (%) | 0% | 0% | n.d | n.d | n.d | EM-EP-140a.1 | |
| Total fresh water withdrawn (megalitres) | 169.8 | 211.64 | 219.81 | 152.52 | 102.51 | EM-EP-140a.1 | |
| Total fresh water consumed (megalitres) | 99.97 | 136.98 | 145.7 | 112.7 | 77.88 | EM-EP-140a.1 | |
| Fresh water withdrawn in regions with High or Extremely High Baseline Water Stress (%) | 0% | 0% | 0% | 0.01% | 0% | EM-EP-140a.1 | |
| Fresh water consumed in regions with High or Extremely High Baseline Water Stress (%) | 0% | 0% | 0% | 0.02% | 0% | EM-EP-140a.1 | |
| Volume of produced water (megalitres) | 10,367.10 | 7,131.37 | 4,527.30 | 5,308.77 | 4,200.44 | EM-EP-140a.2 | |
| % Discharged | 1.88% | 1.03% | 0.20% | 0.10% | 0% | EM-EP-140a.2 | |
| % Injected | 98.12% | 98.97% | 99.80% | 99.90% | 100% | EM-EP-140a.2 | |
| % Recycled | 0% | 0% | 0% | 0% | 0% | EM-EP-140a.2 | |
| Hydrocarbon content in discharged water (Metric tons) | 44.45 | 15.65 | 12.58 | 19.82 | 15.19 | EM-EP-140a.2 | |
| Produced flowback generated (m³/year) | 0 | 0 | 0 | 0 | 0 | EM-EP-140a.2 | |
| % Discharged | 0% | 0% | 0% | 0% | 0% | EM-EP-140a.2 | |
| % Injected | 0% | 0% | 0% | 0% | 0% | EM-EP-140a.2 | |
| % Recycled | 0% | 0% | 0% | 0% | 0% | EM-EP-140a.2 | |
| % of hydraulically fractured wells for which there is public disclosure of all fracturing fluid chemicals used | 0% | 0% | 0% | 0% | 0% | EM-EP-140a.3 | |
| % of hydraulic fracturing sites where ground or surface water quality deteriorated compared to a baseline | 0% | 0% | 0% | 0% | 0% | EM-EP-140a.4 | |
| Biodiversity Impacts | |||||||
| Description of environmental management policies and practices for active sites | 2024 Sustainability report (pgs. 34-37) | 2023 Sustainablity Report (pgs: 35-40) | 2022 Sustainability report (pgs. 35-37) | 2021 Sustainability Report (pgs. 7-8) | 2020 Sustainability Report (pgs. 68-69) | EM-EP-160a.1 | |
| Number of spills | |||||||
| Operations | 1 | 0 | 2 | 2 | 0 | EM-EP-160a.2 | |
| Transportation | 0 | 0 | 0 | 0 | 0 | EM-EP-160a.2 | |
| Volume of spills | |||||||
| Operations (barrels) | 2 | 0 | 12.9 | 4.42 | 0 | EM-EP-160a.2 | |
| Transportation (barrels) | 0 | 0 | 0 | 0 | 0 | EM-EP-160a.2 | |
| Volume in Artic - not properties in Artic (barrels) | 0 | 0 | 0 | 0 | 0 | EM-EP-160a.2 | |
| Volume impacting shorelines with ESI rankings 8-10 (barrels) | 0 | 0 | 0 | 0 | 0 | EM-EP-160a.2 | |
| Volume recovered (barrels) | 0 | 0 | 0 | 0 | 0 | EM-EP-160a.2 | |
| Percentage of | |||||||
| Proved reserves in or near sites with protected conservation status or endangered species | 99.10% | 99.28% | 98.96% | 99.77% | 99.81% | EM-EP-160a.3 | 2 |
| Probable reserves in or near sites with protected conservation status or endangered species | 99.56% | 99.28% | 99.44% | 99.86% | 99.84% | EM-EP-160a.3 | |
| 2P reserves in or near sites with protected conservation status or endangered species | 99.26% | 99.28% | 99.13% | 99.80% | 99.82% | EM-EP-160a.3 | |
| Human Capital | |||||||
| Security, Human Rights & Rights of Indigenous Peoples | |||||||
| Percentage of | |||||||
| Proved reserves in or near areas of conflict | 15.63% | 15.61% | 14.37% | 10.83% | 5.38% | EM-EP-210a.1 | 3 |
| Probable reserves in or near areas of conflict | 15.25% | 15.04% | 15.36% | 18.84% | 6.05% | EM-EP-210a.1 | |
| 2P reserves in or near areas of conflict | 15.50% | 15.42% | 14.72% | 13.78% | 5.61% | EM-EP-210a.1 | 3 |
| Proved reserves in or near areas indigenous land | 17.61% | 9.97% | 13.68% | 9.44% | 5.38% | EM-EP-210a.2 | |
| Probable reserves in or near areas indigenous land | 19.89% | 7.28% | 12.49% | 14.07% | 6.05% | EM-EP-210a.2 | |
| 2P reserves in or near areas indigenous land | 18.38% | 9.08% | 13.24% | 11.15% | 5.61% | EM-EP-210a.2 | |
| Discussion of engagement processes and due diligence practices with respect to human rights, indigenous rights, and operation in areas of conflict | 2024 Sustainability Report (pgs. 59 & 61-62) | 2023 Sustainability Report (pgs. 62, 65-67) | 2022 Sustainability Report (pgs. 53-54) | 2021 Sustainability Report (pgs. 46-47) | 2020 Sustainability Report (pgs. 40-43) | EM-EP-210a.3 | |
| Community Relations | |||||||
| Discussion of process to manage risks and opportunities associated with community rights and interests | 2024 Sustainability Report (pgs. 40-45) | 2023 Sustainability Report(pgs. 15, 43-50, 62-67) | 2022 Sustainability Report (pgs. 15, 40-44, 43-54) | 2021 Sustainability Report (pgs. 13, 39-45) | 2020 Sustainability Report (pgs. 40-43) | EM-EP-210b.1 | |
| Number of non-technical delays | 89 | 45 | 42 | 20 | 7 | EM-EP-210b.2 | |
| Duration of non-technical delays | 106.6 | 47 | 63 | n.d | n.d | EM-EP-210b.2 | |
| Number of suspensions affecting production | 6 | 4 | n.d | n.d | n.d | EM-EP-210b.2 | |
| Duration of suspensions affecting production | 105.9 | 98 | n.d | n.d | n.d | EM-EP-210b.2 | |
| Workforce Health and Safety (Colombia Only) | |||||||
| Total recordable incident rate (TRIR) | |||||||
| Employees (events/hour) | 0 | 0.263 | 0.275 | 0.3 | 0 | EM-EP-320a.1 | |
| Contractors (events/hour) | 0.087 | 0.193 | 0.19 | 0.18 | 0.21 | EM-EP-320a.1 | |
| Total (events/hour) | 0.078 | 0.2 | 0.197 | 0.19 | 0.18 | EM-EP-320a.1 | |
| Near miss frequency rate (NMFR) | 2.52 | 5.94 | 3.87 | 5.59 | 1.32 | EM-EP-320a.1 | |
| Fatalities | |||||||
| Fatality Rate | 0 | 0 | 0.022 | 0 | 0 | EM-EP-320a.1 | |
| Number of fatalities | |||||||
| Employees | 0 | 0 | 0 | 0 | 0 | EM-EP-320a.1 | |
| Contractors | 0 | 0 | 1 | 0 | 0 | EM-EP-320a.1 | |
| Fatalities (employees and contractors) | 0 | 0 | 1 | 0 | 0 | EM-EP-320a.1 | |
| Fatalities - 3rd party | 0 | 0 | 0 | 0 | 0 | EM-EP-320a.1 | |
| Average hours of health, safety, and emergency response training | |||||||
| Full-time employees | 6.3 | 6.12 | 8.97 | 13.9 | 13 | EM-EP-320a.1 | |
| Contract employees | 20.24 | n.d. | 26.56 | 18.8 | 0.36 | EM-EP-320a.1 | |
| Short-service employee | n.d. | n.d. | n.d. | n.d. | n.d. | EM-EP-320a.1 | |
| Discussion of management systems used to integrate a culture of safety throughout the exploration and production lifecycle | 2024 Sustainability Report (pg. 90) | 2023 Sustainability Report (pgs. 58-61) | 2022 Sustainability Report (pgs. 50-52) | 2021 Sustainability Report (pgs. 53-55) | 2020 Sustainability Report (pgs. 50-54) | EM-EP-320a.2 | |
| Economy | |||||||
| Reserves Valuation and Capital Expenditures | |||||||
| Sensitivity of hydrocarbon reserve levels to future price projection scenarios that account for a price on carbon emissions (Million barrels) | See table at the end | See table at the end | See table at the end | See table at the end | In progress | EM-EP-420a.1 | |
| Estimated carbon dioxide emissions embedded in proved hydrocarbon reserves (Million barrels) | 50.67 | 50.76 | 61.92 | 59.5 | 61.05 | EM-EP-420a.2 | 4 |
| Amount invested in renewable energy, revenue generated by renewable energy sales (USD) | n.d | n.d | n.d | n.d | n.d | EM-EP-420a.3 | |
| Discussion of how price and demand for hydrocarbons and/or climate regulation influence the capital expenditure strategy for exploration, acquisition, and development of assets | n.d. | n.d | n.d | n.d | 2020 Sustainability Report (pgs. 33) | EM-EP-420a.4 | |
| Governance | |||||||
| Business Ethics and Transparency | 5 | ||||||
| Percentage of | |||||||
| Proved reserves in countries that have the 20 lowest rankings in Transparency International’s Corruption Perception Index | 0% | 0% | 0% | 0% | 0% | EM-EP-510a.1 | |
| Probable reserves in countries that have the 20 lowest rankings in Transparency International’s Corruption Perception Index | 0% | 0% | 0% | 0% | 0% | EM-EP-510a.1 | |
| Description of the management system for prevention of corruption and bribery throughout the value chain | 2024 Sustainability Report (pg. 67-70) | 2023 Sustainability Report (pgs. 72-75) | 2022 Sustainability Report (pg. 60) | 2021 Sustainability Report (pgs. 19-20) | 2020 Sustainability Report (pgs. 24-29) | EM-EP-510a.2 | |
| Management of the Legal & Regulatory Environment | |||||||
| Discussion of corporate positions related to government regulations and/or policy proposals that address environmental and social factors affecting the industry | 2024 Sustainability Report (pg. 70) | 2023 Sustainability Report (pgs. 74) | 2022 Sustainability Report (pg. 60) | 2021 Sustainability Report (pgs. 18) | 2020 Sustainability Report (pgs. 29) | EM-EP-530a.1 | |
| Critical Incident Risk Management | |||||||
| Process Safety Event (PSE) rates for Loss of Primary Containment (LOPC) of greater consequence (Tier 1) | 0 | 0 | 0 | 0.065 | 0 | EM-EP-540a.1 | |
| Description of management systems used to identify and mitigate catastrophic and tail-end risks | 2024 Sustainability Report (pgs. 54-58) | 2023 Sustainability Report (pgs. 58-61) | 2022 Sustainability Report (pgs. 50-51, 60-61) | 2021 Sustainability Report (pgs. 18, 20 & 54) | 2020 Sustainability Report (pgs. 31, 54) | EM-EP-540a.2 | |
| Activity Metrics | |||||||
| Oil & Gas Production | |||||||
| Production of | |||||||
| Oil (barrels per day) | 49,186 | 53,580 | 50,479 | 45,280 | 45,218 | EM-EP-000.A | |
| Natural Gas (Million standard cubic feet per day) | 4,428 | 4,656 | 9,420 | 10,308 | 7,800 | EM-EP-000.A | |
| Average oil and gas production (boe/d) | 49,924 | 54,356 | 52,049 | 46,998 | 46,518 | EM-EP-000.A | |
| Number of Drilled Wells (Gross) | |||||||
| Number of offshore sites | 0 | 0 | 0 | 0 | 0 | EM-EP-000.B | |
| Number of terrestrial sites (Colombia) | 45 | 39 | 40 | 41 | 24 | EM-EP-000.C | |
| Llanos Basin | 28 | 25 | 26 | 26 | 14 | EM-EP-000.C | |
| Lower Magdalena Basin | 3 | 3 | 3 | 3 | 2 | EM-EP-000.C | |
| Middle Magdalena Basin | 5 | 6 | 6 | 7 | 6 | EM-EP-000.C | |
| Upper Magdalena | 5 | 5 | 5 | 5 | 2 | EM-EP-000.C | |
| Price Case | 4 | 0 | 0 | 0 | 0 | EM-EP-000.C | |
| 2024 | 2023 | Notes |
| 2024 | Empty 1 | Empty 2 | Proved Reserves | Empty 3 | Empty 4 | Probable |
|---|---|---|---|---|---|---|
| Price Case (scenario) | Oil | Gas | Total | Oil | Gas | Total |
| (scenario) | (MMbbls) | (MMscf) | (MMboe) | (MMbbls) | (MMscf) | (MMboe) |
| IEA 2024 Stated Policies Scenario | 108.82 | 24,002 | 112.82 | 51.92 | 32,627 | 57.36 |
| IEA 2024 Announced Pledges | 107.95 | 23,952 | 111.94 | 51.75 | 32,586 | 57.18 |
| IEA 2024 Net Zero by 2050 | 95.97 | 23,718 | 99.93 | 44.57 | 32,519 | 44.99 |
| Parex’ WI per the independent reserve report prepared by GLJ Petroleum Consultants (“GLJ”) effective Dec. 31, 2024 | ||||||
| 2023 | Proved Reserves | Probable | ||||
| Price Case (scenario) | Oil | Gas | Total | Oil | Gas | Total |
| (scenario) | (MMbbls) | (MMscf) | (MMboe) | (MMbbls) | (MMscf) | (MMboe) |
| IEA 2023 Stated Policies Scenario | 108.33 | 23,477 | 112.25 | 51 | 28,962 | 55.82 |
| IEA 2023 Announced Pledges | 107.92 | 23,303 | 111.8 | 50.86 | 28,873 | 55.67 |
| IEA 2023 Net Zero by 2050 | 100.71 | 22,886 | 104.52 | 45.97 | 28,531 | 50.73 |
| Parex’ WI per the independent reserve report prepared by GLJ Petroleum Consultants (“GLJ”) effective Dec. 31, 2023 | ||||||
| 2022 | Proved Reserves | Probable | ||||
| Price Case (scenario) | Oil | Gas | Total | Oil | Gas | Total |
| (scenario) | (MMbbls) | (MMscf) | (MMboe) | (MMbbls) | (MMscf) | (MMboe) |
| IEA 2022 Stated Policies Scenario | 124.97 | 31,059 | 130.15 | 64.28 | 34,787 | 69.08 |
| IEA 2022 Announced Pledges | 123.92 | 30,810 | 129.06 | 64.2 | 34,312 | 68.91 |
| IEA 2022 Sustainable Development | n.d | n.d | n.d | n.d | n.d | n.d |
| IEA 2022 Net Zero by 2050 | 114.37 | 18,023 | 117.38 | 55.36 | 44,850 | 61.83 |
| Parex’ WI per the independent reserve report prepared by GLJ Petroleum Consultants (“GLJ”) effective Dec. 31, 2022 | ||||||
| 2021 | Proved Reserves | Probable | ||||
| Price Case (scenario) | Oil | Gas | Total | Oil | Gas | Total |
| (scenario) | (MMbbls) | (MMscf) | (MMboe) | (MMbbls) | (MMscf) | (MMboe) |
| IEA 2021 Stated Policies Scenario | 120.39 | 32,443 | 125.8 | 67.33 | 37,015 | 73.5 |
| IEA 2021 Announced Pledges | 119.97 | 32,384 | 125.36 | 67.45 | 37,074 | 73.63 |
| IEA 2021 Sustainable Development | 119.34 | 32,213 | 124.7 | 67.07 | 36,005 | 73.07 |
| IEA 2021 Net Zero by 2050 | 109.53 | 25,559 | 113.79 | 70.08 | 41,065 | 76.93 |
| Parex’ WI per the independent reserve report prepared by GLJ Petroleum Consultants (“GLJ”) effective Dec. 31, 2021 | ||||||
| 2024 | Empty 1 | Empty 2 | Proved Reserves | Empty 3 | Empty 4 | Probable |
NOTES
Personas ajenas a la Compañía están solicitando servicios y ofreciendo vacantes en nombre de Parex.
Tenga siempre presente verificar la autenticidad de las comunicaciones o solicitudes recibidas.
Si considera que una solicitud o comunicación es sospechosa, repórtela inmediatamente al correo: [email protected]
Ms. Bernard joined Parex in 2021 and is currently the Senior Vice President, New Ventures, leading a cross-functional team to identify and evaluate new business opportunities within and outside of Latin America. With over 29 years of industry experience, Ms. Bernard has built an extensive background in negotiating and managing upstream commercial agreements and contracts for E&P companies, including accountabilities for all relevant new business development, new ventures and commercial issues with partners, governments, and competitors.
Prior to joining Parex in 2021, Ms. Bernard held roles of increasing responsibility with Shell International Exploration & Production, where she contributed to both new business development and the communication of the overall strategic direction for RDS Group and its Upstream International business to the external community. She has also held roles with several international companies including CEPSA, Moore Stephens, and Amec.
Ms. Bernard holds a Masters of Science in Economics and a Bachelor of Arts Honors degree in Geography from the University College of London. In addition, Ms. Bernard holds a Non-Executive Director Diploma having completed the Pearson SRF BTEC Board Director Program.