The Parkmead Group plc engages in the exploration and production of oil and gas resources. The company seeks to develop opportunities in the energy sector, with an emphasis on asset management and operational efficiency in its projects.
2000
United Kingdom
11 - 50 employees
Oil & Energy
$10M - 25M in revenue
Not profitable
Beyond Top 1000
Beyond Top 100
Beyond Top 100
Beyond Top 100
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Carbon emissions
Electricity consumption
Carbon certificate projects
Targets
Other sustainability metrics
Target | Year | Value | Scope | Baseline |
---|---|---|---|---|
Net ZeroⓈCompany sustainability report | 2050 | 100% | 1&2&3 | - |
Share of renewablesⓈCompany sustainability report | 2030 | 50% | Electricity | - |
Parkmead has conducted a NetZero feasibility study in conjunction with CNOOC and Worley, which demonstrated a technical solution for reinjecting associated sour gas into a nearby depleted reservoir using the Scott platform. However, the updated development capital costs for achieving net-zero requirements climbed to over one billion US dollars, and the company faced challenges such as increased taxation and lack of public and political support for new oil projects.
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