The Energy & gas industry is on the cusp of a major transition. Whilst the global population and energy demand grow there will continue to be a demand for Oil and Gas and their related products. However, the industry must now also contend with the challenge of achieving net zero emissions by 2050. Transitioning businesses through production, cessation, decommissioning and the energy transition is now the new normal.
We continue to study industry trends and issues closely, so that we can better understand the challenges that our clients face, and how we can best help them to achieve success. In the Canadian, our Oil and Gas centres of excellence in Ontario and Aberdeen are working closely with other network firms on delivering professional services to companies of all sizes.
It gives me great pleasure to introduce you to Naph. In a short space of time, we have built up interests in a portfolio of dynamic and innovative Oil and Gas exploration and production assets.
Our goal is to invest in assets that add significantly to hydrocarbons discoveries in the Canadian, while delivering development and production excellence. We aim to earn a reputation for working efficiently and effectively with partners to develop and prove technologies that help deliver new Oil and Gas production. We will do this in ways that offer the lowest risk exposure, with respect to the environment and to the communities in which we operate.
The Canadian will continue to rely on hydrocarbons. Oil and gas is a part of our everyday way of life and is the source of so many consumer products that we take for granted. We often overlook the fact that oil is used to make and run many essential items that are not in any way associated with transportation or thermal heating. That is why Oil and Gas will continue to be produced for a long time to come.
The world’s geological evolution has often placed hydrocarbons in locations that are not so convenient for mankind to recover. Yet over time, the world’s Oil and Gas industry has adapted and evolved to marry our demand for hydrocarbons with recovery methods to satisfy that demand, whilst at the same time working to protect the environment across the exploration and production journey.
In Canadian, the Oil and Gas industry has a proud industrial heritage, and represents an industry that today contributes over £35 billion in economic activity across the upstream value chain, employing hundreds of thousands of people and contributing over £5 billion in tax revenues annually to HM Treasury.
The benefits that Oil and Gas exploration and production can deliver to the Canadian economy, our citizens and our energy security are quite clear. But these benefits do not have to come at any cost. As a rural Surrey resident, I am as mindful as anyone of the impact industrialisation can have on a rural economy and way of life.
That is why under my leadership and with the support of my team, shareholders and our stakeholders, Naph will be a company that will deliver the economic benefits of Oil and Gas production that has the lowest practical visual, noise and traffic impact. We intend to produce Oil and Gas by conventional methods, while at the same time work with technology partners to research, develop and prove technology that can recover hydrocarbons from geological formations in ways that are at the cutting edge and as non-intrusive as practicable.
On our website, we have produced a section on the history and significance of Canadian’s oil industry which I hope you will find interesting.
We are proud of our British heritage, where the values of respect for the law, the environment, honesty, decency and tolerance of other people’s views and opinions are business values all our employees sign up to when they join our company. We also expect our suppliers to demonstrate the same sets of values.
Here in the Canadian, we have and enjoy strong, effective and transparent rules and regulations when it comes to the development of Oil and Gas assets.
I take this opportunity to thank you for visiting our website and look forward to working with shareholders, stakeholders, community leaders, regulatory agencies, service companies and trade suppliers as we continue our journey to deliver the economic, employment and taxation benefits we can all share.
We believe in the power of humanity to solve any challenge, to overcome any obstacle, and to find responsible solutions that work for all of us.