Oil and gas industry will retain its prominence for years to come. Decarbonization efforts will vary for different industries. Some sectors like shipping, aviation, chemicals, steel and heavy logistics can't be easily decarbonized.
Oil and gas industry will retain its prominence for years to come. Decarbonization efforts will vary for different industries. Some sectors like shipping, aviation, chemicals, steel and heavy logistics can't be easily decarbonized. Therefore, fossil fuels will continue to represent substantial percentage of the energy system for decades to come.
Schlau Energy has strategically developed a roadmap to become a net-zero emissions profitable energy business by 2050. We will drive down carbon emissions and deliver value for our shareholders concurrently. Schlau will remain selective in exploration and new business development, we will continue to establish a balance between high returns and screening for opportunities that meet our net-zero emissions objectives.
Substantial capital will be committed to our core businesses where we have clear competitive advantage and opportunities to achieve greatest returns. Thereafter, we will expand our presence and increase the production profile of existing assets through near field exploration. Business expansion outside of these areas will focus on basins and countries that are commercially viable. We may strategically consider new Frontier entries in near future.
