Working with non-operated ventures
Shell often works in joint ventures with national and other international energy companies. These organisations bring important skills and experience to a joint venture.
More than half of Shell’s joint ventures are not operated by Shell. We do not have direct control over how these ventures embed sustainability in their operations but seek instead to offer our support and exert a positive influence on their operations.
For example, when entering a non-Shell-operated joint venture, we require our partners to agree to and adopt the Shell Commitment and Policy on Health, Safety, Security, Environment and Social Performance (HSSE & SP), or one substantially equivalent to our own.
When entering a joint venture operated by a partner, we expect them to apply standards and processes, or principles, that are materially equivalent to our own, specifically our:
- Shell General Business Principles;
- HSSE & SP Commitment & Policy; and
- Statement on Risk Management (or a materially equivalent approach to risk and internal control).
They are also expected to put in place standards to adequately address HSSE & SP risks. We periodically evaluate the health, safety, environmental and community risks of our joint ventures.
If a joint venture is falling below expectations, plans are put in place, in agreement with the other participants, to improve performance.
Helping our partners reduce emissions
In 2021, we supported the North Caspian Operating Company (Shell interest 16.8%), which operates the Kashagan oil and gas field in Kazakhstan, as they started to implement their greenhouse gas and energy management strategy. The strategy includes bringing low intensity projects on stream along with delivering reductions through leak detection and repair, power capacity management and operational improvements.
Also in Kazakhstan, we worked together with Karachaganak Petroleum Operating B.V. (KPO) (Shell interest 29.25%) and other joint-venture partners to assess energy use and develop an energy management strategy.
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