{"id":11352,"date":"2021-12-09T07:34:05","date_gmt":"2021-12-09T07:34:05","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=11352"},"modified":"2021-12-09T07:34:05","modified_gmt":"2021-12-09T07:34:05","slug":"tanzania-wentworth-and-vitol-sa-partner-to-offset-carbon-emissions-at-mnazi-bay-from-2022","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/tanzania-wentworth-and-vitol-sa-partner-to-offset-carbon-emissions-at-mnazi-bay-from-2022\/","title":{"rendered":"TANZANIA: Wentworth and Vitol SA Partner to offset carbon emissions at Mnazi Bay from 2022"},"content":{"rendered":"

Wentworth Resources has<\/span> announced it has entered into a Memorandum of Understanding with Vitol SA regarding the supply of carbon credits to partially offset the impacts of its emissions footprint at Mnazi Bay. \u00a0\u00a0<\/span><\/p>\n

Highlights:<\/span><\/strong><\/p>\n\n\n\n\n\n\n\n\n
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\u2022<\/span><\/p>\n<\/td>\n

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Wentworth and Vitol will jointly develop new community-focused carbon credit programmes in Tanzania, with Wentworth committing to offtake a material portion of the carbon offsets between 2022 and 2030;<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

\u2022<\/span><\/p>\n<\/td>\n

\n

Wentworth and Vitol will co-design the projects with stakeholders, local implementation partners and Government, thereby ensuring the co-benefits of the projects are aligned to the UN Sustainable Development Goals and creating immediate, positive outcomes for the partnering communities associated with Wentworth’s working interests and operations;\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

\u2022<\/span><\/p>\n<\/td>\n

\n

The immediate objective is for Wentworth to offset all Scope 1 and 2 emissions and partially offset Scope 3 emissions from 2022;<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

\u2022<\/span><\/p>\n<\/td>\n

\n

Vitol and Wentworth will be co-financing the programmes, demonstrating a united commitment to deliver tangible impacts to the communities and country in which Wentworth supplies natural gas;<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

\u2022<\/span><\/p>\n<\/td>\n

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All credits will be registered with international accreditation bodies, such as VERRA or Gold Standard;<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

\u2022<\/span><\/p>\n<\/td>\n

\n

The carbon offsetting programmes and emissions reporting will be independently audited from 2022.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Increasing affordable, reliable and cleaner energy access in Tanzania<\/span><\/p>\n

In Q2 2021, Wentworth launched its inaugural Sustainability Report identifying climate change mitigation and greenhouse gas emissions reduction as key strategic priorities for the business, to safeguard the interests of all its stakeholders within Tanzania and outside. To further formalise its strategic focus on climate action and its broader ESG priorities, Wentworth formed a Board Sustainability Committee in September of this year, providing greater oversight of the business’ ESG risks and opportunities.<\/span><\/p>\n

As a domestic natural gas producer in Tanzania, Wentworth is playing a critical role in increasing energy access for communities across Tanzania whilst simultaneously decarbonising the energy mix away from higher emitting fuels such as HFO and diesel and replacing it with lower carbon natural gas which works hand-in-hand with hydropower to support grid reliability.<\/span><\/p>\n

With only 33% of the country’s population with access to electricity and 7.7 million households without access to power, there is a significant opportunity for Wentworth to transform Tanzanian lives and communities by making electricity more accessible, reliable and affordable.\u00a0[1]\u00a0\u00a0<\/sup><\/span><\/p>\n

Commitment to responsibly manage Wentworth’s emissions footprint<\/strong><\/p>\n

Scope 1 and 2 emissions<\/span><\/p>\n

In its Sustainability Report, Wentworth measured its emissions footprint in line with the Greenhouse Gas Protocol. Scope 1 and 2 emissions at\u00a0Mnazi Bay\u00a0demonstrated an emissions intensity in 2020 of 0.42kg\/CO2 boe (1,676.9t CO2 e), one of the lowest in the UK-listed E&P sector.<\/span><\/p>\n

Whilst Wentworth’s emissions footprint is proportionately lower than most on a Scope 1 and 2 intensity basis, the business recognises that it must take continuous action to minimise its impacts in the most responsible way for all of its stakeholders.<\/span><\/p>\n

Wentworth believes it has responsibility as an engaged and active owner of\u00a0Mnazi Bay\u00a0to work with its joint venture partners, investors, regulators and host country to accelerate its decarbonisation as swiftly as possible.<\/p>\n

Ongoing emissions reduction is a key driver of Wentworth’s strategy and as non-operator at\u00a0Mnazi Bay, the business intends to work closely with its operator and partner Maurel et Prom to identify innovative solutions to further lower its Scope 1 and 2 emissions in the near and medium term.<\/span><\/p>\n

Wentworth has made good progress during 2021 on reducing its Scope 1 and 2 emissions and looks forward to providing an update on its emissions reduction measures in its 2021 Sustainability Report.<\/p>\n

Scope 3 emissions<\/span><\/p>\n

Whilst Wentworth’s Scope 3 emissions represent the largest proportion of its overall emissions, the business recognises the role that natural gas has played in reducing the emissions intensity of the energy mix in Tanzania whilst also rapidly increasing energy access to some of the country’s most vulnerable communities in both rural and urban areas.<\/span><\/p>\n

To ensure it takes responsibility for emissions generated across its entire value chain, Wentworth will seek to partially offset its Scope 3 emissions from 2022.<\/span><\/p>\n

Near zero gas flaring<\/span><\/p>\n

Wentworth has minimal flared emissions in comparison to its industry peers, with a pilot flare used solely as a mandatory safety mechanism. Safety flares accounted for 7% of its Scope 1 emissions in 2020 (118t CO2 e).\u00a0<\/span><\/p>\n

\n","protected":false},"excerpt":{"rendered":"

Wentworth Resources has announced it has entered into a Memorandum of Understanding with Vitol SA regarding the supply of carbon credits to partially offset the impacts of its emissions footprint … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":11353,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,7443,11],"tags":[9111,1608,1696,2466,2678,2719],"class_list":["post-11352","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-eastern-africa","category-top-news","tag-carbon-emissions","tag-mnazi-bay","tag-natural-gas","tag-tanzania","tag-vitol","tag-wentworth-resources","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Tanzania-Wentworth.jpg?fit=826%2C460&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-2X6","jetpack-related-posts":[{"id":11702,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tanzania-mnazi-bay-produces-highest-gas-quarterly-performance-ever\/","url_meta":{"origin":11352,"position":0},"title":"TANZANIA: Mnazi Bay Produces Highest Gas Quarterly Performance Ever","author":"","date":"January 26, 2022","format":false,"excerpt":"Wentworth Resources and its joint venture partners achieved record quarterly production of 91.5 MMScf\/d from the Mnazi Bay gas field in the fourth quarter of 2021 supported the steadily increasing demand for natural gas in Tanzania, which remained strong throughout the second half of last year. According to the company\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Tanzania-Wentworth-2.jpg?fit=679%2C453&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Tanzania-Wentworth-2.jpg?fit=679%2C453&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Tanzania-Wentworth-2.jpg?fit=679%2C453&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":11419,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tanzania-wentworth-expects-to-achieve-milestone-average-production-rate-for-2021-of-over-80-mmscf-day\/","url_meta":{"origin":11352,"position":1},"title":"TANZANIA: Wentworth Expects to Achieve Milestone Average Production Rate for 2021 of over 80 MMscf\/day","author":"","date":"December 17, 2021","format":false,"excerpt":"Following a successful first half of the year, demand for natural gas in\u00a0Tanzania\u00a0has again remained strong throughout the second half. This strengthening in demand in 2021 is due to sustained economic growth, continued demand in the industrial sector and partly due to lack of supply from hydro-electric generation as a\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Tanzania-Wentworth-2.jpg?fit=679%2C453&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Tanzania-Wentworth-2.jpg?fit=679%2C453&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Tanzania-Wentworth-2.jpg?fit=679%2C453&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":12909,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tanzania-maurel-prom-s-a-wentworth-resources-reach-agreement-on-terms-of-a-recommended-acquisition-of-mnazi-bay\/","url_meta":{"origin":11352,"position":2},"title":"TANZANIA: Maurel & Prom S.A., Wentworth Resources Reach Agreement on Terms of a Recommended Acquisition of Mnazi Bay","author":"","date":"December 5, 2022","format":false,"excerpt":"Wentworth Resources plc and Etablissements Maurel & Prom S.A. (M&P) have announced that they have reached agreement on the terms of a recommended acquisition of the entire issued and to be issued share capital of Wentworth by M&P. Summary \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Under the terms of the Acquisition, which will be subject to\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Tanzania-Wentworth.jpg?fit=826%2C460&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Tanzania-Wentworth.jpg?fit=826%2C460&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Tanzania-Wentworth.jpg?fit=826%2C460&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Tanzania-Wentworth.jpg?fit=826%2C460&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":4412,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tanzanias-mnazi-bay-reserves-up-20-in-new-evaluation\/","url_meta":{"origin":11352,"position":3},"title":"Tanzania\u2019s Mnazi Bay Reserves Up 20% in New Evaluation","author":"","date":"February 29, 2016","format":false,"excerpt":"A new independent RPS Energy Canada Ltd. Calgary, Canada on behalf of Maurel et Prom (Operator) and Wentworth Resources has increased the (2P) reserves increased by 20%. According to JV partner Wentworth Resources the results follow favourable data from the MB-4 well drilled during 2015 and which was drilled to\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/01\/Mnazi-Bay-Concession.png?fit=448%2C554&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":3101,"url":"https:\/\/www.oilnewskenya.com\/index.php\/wentworth-resources-estimates-3-5m-tanzania-monthly-gas-sales\/","url_meta":{"origin":11352,"position":4},"title":"Wentworth Resources Estimates $3.5m in Tanzania Monthly Gas Sales","author":"","date":"June 23, 2015","format":false,"excerpt":"Wentworth Resources says it estimates that monthly gas sales in Tanzania into new government owned pipeline Q3 2015 could reach an estimated $3.5m monthly. Initially Mnazi Bay will be the only supplier of gas in Tanzania into new pipeline from 5 wells which will be producing in the field by\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/mnazi-bay-gas.jpg?fit=750%2C665&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/mnazi-bay-gas.jpg?fit=750%2C665&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/mnazi-bay-gas.jpg?fit=750%2C665&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/mnazi-bay-gas.jpg?fit=750%2C665&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":2667,"url":"https:\/\/www.oilnewskenya.com\/index.php\/wentworth-resources-gets-5-6m-credit-facility-finance-ongoing-mnazi-bay-concession-development\/","url_meta":{"origin":11352,"position":5},"title":"Wentworth Resources gets $5.6m credit facility to finance ongoing Mnazi Bay Concession development","author":"","date":"March 5, 2015","format":false,"excerpt":"Wentworth Resources has announced that the Company has subsequently drawn an amount of $5.6 million on an existing $20 million credit facility with a Tanzania-based bank, TIB Development Bank Limited. The credit facility relates to the Mnazi Bay Concession development and operating costs that were incurred and paid for by\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/03\/Mnazi-Bay-Concession.png?fit=805%2C440&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/03\/Mnazi-Bay-Concession.png?fit=805%2C440&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/03\/Mnazi-Bay-Concession.png?fit=805%2C440&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/03\/Mnazi-Bay-Concession.png?fit=805%2C440&ssl=1&resize=700%2C400 2x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/11352","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=11352"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/11352\/revisions"}],"predecessor-version":[{"id":11354,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/11352\/revisions\/11354"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/11353"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=11352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=11352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=11352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}