Abu Dhabi, United Arab Emirates, May 22, 2013 - Dolphin Energy Limited today released details of its fourth sustainability report, 'All It Takes Is Positive Energy'.
And once again, the report has been classified 'A/GRI Checked' by the Global Reporting Initiative, indicating high levels of transparency and disclosure, the fourth year in a row that the report has been graded in this manner.
Commenting on the company's performance, Dolphin Energy's CEO, Mr. Ahmed Ali Al Sayegh, said: "Last year proved to be an exceptional 12 months for our sustainability performance with many milestones passed and commitments and achievements registered. In 2012, we continued to deliver gas safely and reliably to our customers in the UAE and Oman and have made many enhancements to our economic and societal commitments."
Notable achievements for the year included receiving overwhelming investor response to the issuance of US$1.3 billion on 10 year bonds; awarding US$386 million worth of contracts to support the upgrade to the Ras Laffan gas processing plant and achieving the 2012 target of 730 billion standard cubic feet in net gas sales to the UAE. During 2012 Dolphin Energy saw further reductions in the Total Recordable Incident Rate - of 0.29 for employees and 0.38 for contractors against a target of 1.5 - and in its greenhouse gas and flaring emissions, 4.8% and 8.5%, respectively.
Community investment contributions crossed the US$6 million mark while the company's Green IT Initiative saved 421 MWh of energy consumption. The collection and processing of all recyclable waste increased by 87% to reach just under 104,000 kilograms. Environmental expenditure totaled US$12.3 million, a 29% increase from 2011. In the UAE, other highlights from the year include:
- Reached nine years without a lost time incident (LTI)
- Trained the majority of UAE staff on defensive driving and produced a companywide road safety handbook
- Increased the Emiratization level to 49%
In addition, the company accepted several awards in 2012 including UAE National Winner of the 2012 MEED Quality Award for the Oil & Gas Project of the Year; winner of the Association of Corporate Treasurers (ACT) Middle East Awards, the Middle East Oil and Gas Midstream Deal of the Year 2012 and an appreciation award for valued support from the Emirates Environmental Group.
"We continue to work hard to sustain our performance in key areas and improve where we can in others. This could not be achieved without the collective effort of our employees, our stakeholders and our partners," added Mr. lbrahim Ahmed Al Ansaari, General Manager, Dolphin Energy, UAE.
"The UAE has an ambitious long term vision that maps a road to a prosperous sustainable future. It is our intention to support the strategy in place and demonstrate our commitment to achieving that vision," Mr. Al Ansaari concluded.
Copies of the 2012 report are available on www.dolphinenergy.com
Dolphin Energy Limited
Dolphin Energy Limited was created to develop substantial energy projects throughout the GCC and to create long-term economic wealth and new business opportunities for GCC citizens, far into the future.
Dolphin Energy's major strategic initiative, the Dolphin Project, involves the production and processing of natural gas from Qatar's North Field, and transportation of the dry gas by sub-sea export pipeline from Qatar to the UAE, which began in July 2007.
The long term customers for Dolphin gas from Qatar are ADWEC (Abu Dhabi Water & Electricity Company), DUSUP (Dubai Supply Authority) and OOC (Oman Oil Company). Each has signed a gas supply agreement with Dolphin Energy for 25 years.
Dolphin Energy is owned 51 percent by Mubadala Development Company, on behalf of the Government of Abu Dhabi - and 24.5 percent each by Total of France and Occidental Petroleum of the USA.
Detailed information about Dolphin Energy and the sustainability report can be found on: www.dolphinenergy.com
For further information contact:
Mariam Al Badr
DVP Corporate Communications
Tel +971 2 6995500
Fax +971 2 6995578
© Press Release 2013
