Flaring is the process of burning excess natural gas in refineries and oil platforms, adopted throughout the global industry to regulate pressure on-site and prevent explosions.
In 2018, we disclosed our support for the World Bank's “Zero Routine Flaring by 2030” initiative, which seeks to eliminate flare flaring by 2030, with meeting its criteria considered one of our Sustainability Commitments.
In 2025, routine flaring will account for only 8% of the total gas volume flared in E&P segment operations, and all of our new projects adopt zero-routine flare concepts, reinforcing the trend of continuous reduction of this percentage in the coming years