
Environmental, Social and Governance (ESG)
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EOR targets operations within the US Gulf of America (GOA), which maintains the most robust environmental and safety regulatory framework of any offshore basin in the world - overseen by the US Department of Interior with mandatory inspections, blowout preventer testing, and safety management systems
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US federal GOA oil production has achieved a 99.998% spill-free record, reflecting the basin's operational discipline and regulatory rigor - standards EOR is committed to maintaining across its portfolio
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The GOA accounts for less than 3% of total US venting and flaring, making it one of the lowest-emission producing basins in the country on a per-barrel basis
Offshore Deepwater developments are significantly less carbon-intensive than onshore shale developments on a per-BOE basis, aligning EOR's acquisition strategy with a lower-emission production profile
EOR prioritizes extending the productive life of existing offshore infrastructure through redevelopment and enhanced recovery, reducing the need for new greenfield construction and its associated environmental footprint
As a non-operator acquiring working interests in established Deepwater fields, EOR looks to partner exclusively with major and large independent operators - Shell, BP, Chevron, Occidental - who maintain industry-leading HSE programs and reporting
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EOR's leadership brings decades of drilling operations management experience under UNOCAL, with direct accountability for wellbore integrity, spill prevention, and regulatory compliance in Pacific OCS and California state waters
EOR's CFO brings specific ESG governance experience, including environmental and social governance oversight at publicly traded Canadian E&P companies, ensuring ESG considerations are integrated at the board and financial reporting level
By acquiring and recapitalizing under-invested offshore assets, EOR prevents premature decommissioning - extending safe, regulated production from existing wells rather than forcing new drilling to replace lost supply
