The report highlights Horizon Oil's commitment to sustainability and responsible operations in the energy transition. The company achieved several milestones in 2023, including HSE metrics below industry benchmarks, a 5-year life extension of the Raroa FPSO, completion of a marine ecological survey around the Maari wellhead platform, seed capital investment in a potentially large-scale carbon removal business, ongoing progress in emission reduction initiatives and the roll out of an initiative to support employees in purchasing electric vehicles. The report also includes a detailed materiality assessment and a climate change strategy outlining risks and opportunities.
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