Metrics

2021 2020 SASB Disclosures

Environment

GREENHOUSE GAS EMISSIONS

Reporting boundary: Equity control
Scope 1 - Gross direct GHG emissions (metric tons of CO2e) 306,988.74 262,981.9 EM-EP-110a.1 Note 1
% methane 15% 19% EM-EP-110a.1
% covered under emissions-limiting regulations n.d. n.d. EM-EP-110a.1
Scope 1 - Gross direct GHG emissions by source (metric tons of CO2e)
Flared emissions 37,976.13 39,688.6 EM-EP-110a.2
Combustion emissions 227,278.27 177,734.8 EM-EP-110a.2
Fugitive emissions 1,386.16 1,580.3 EM-EP-110a.2
Process emissions 141.97 23.9 EM-EP-110a.2
Vented emissions 40,206.21 43,955.1 EM-EP-110a.2
Discussion of long-term and short-term strategy or plan to manage Scope 1 emissions, emissions reduction targets, and an analysis of performance against those targets 2021 Sustainability Report (pgs. 24-27) 2020 Sustainability Report (pgs. 57-60) EM-EP-110a.3

DIRECT AIR QUALITY & OTHER EMISSIONS (metric tons)

NOX 297.66 326.32 EM-EP-120a.1
SOX 63.58 71.62 EM-EP-120a.1
VOCs 135.01 649.61 EM-EP-120a.1
PM n.d. 0.0 EM-EP-120a.1
PM emissions have not been determined for the scope of this report.

WATER AND WASTEWATER MANAGEMENT

Total fresh water withdrawn (megalitres) 152.52 102.51 EM-EP-140a.1
Total fresh water consumed (megalitres) 110.34 77.88 EM-EP-140a.1
Fresh water withdrawn in regions with High or Extremely High Baseline Water Stress (%) 0.01115% 0 EM-EP-140a.1
Fresh water consumed in regions with High or Extremely High Baseline Water Stress (%) 0.01540% 0 EM-EP-140a.1
Volume of produced water (megalitres) 5,308.77 4200.44 EM-EP-140a.2
% Discharged 0.1 0 EM-EP-140a.2
% Injected 99.9 100 EM-EP-140a.2
% Recycled 0 0 EM-EP-140a.2
Hydrocarbon content in discharged water (Metric tons) 19.82 15.19 EM-EP-140a.2
Produced flowback generated (m³/year) 0 0 EM-EP-140a.2
% Discharged 0.0 0.0 EM-EP-140a.2
% Injected 0.0 0.0 EM-EP-140a.2
% Recycled 0.0 0.0 EM-EP-140a.2
% of hydraulically fractured wells for which there is public disclosure of all fracturing fluid chemicals used 0 0 EM-EP-140a.3
% of hydraulic fracturing sites where ground or surface water quality deteriorated compared to a baseline 0 0 EM-EP-140a.4

BIODIVERSITY IMPACTS

Description of environmental management policies and practices for active sites 2021 Sustainability Report (pgs. 7-8) 2020 Sustainability Report (pgs. 68-69) EM-EP-160a.1
Number of spills
Operations 2 0 EM-EP-160a.2
Transportation 0 0 EM-EP-160a.2
Volume of spills
Operations (barrels) 4.42 0 EM-EP-160a.2
Transportation (barrels) 0 0 EM-EP-160a.2
Volume in Artic - not properties in Artic (barrels) 0 0 EM-EP-160a.2
Volume impacting shorelines with ESI rankings 8-10 (barrels) 0 0 EM-EP-160a.2
Volume recovered (barrels) 0 0 EM-EP-160a.2
Percentage of
Proved reserves in or near sites with protected conservation status or endangered species 99.77 99.81 EM-EP-160a.3 Note 2
Probable reserves in or near sites with protected conservation status or endangered species 99.86 99.84 EM-EP-160a.3
2P reserves in or near sites with protected conservation status or endangered species 99.8 99.82 EM-EP-160a.3

Human Capital

SECURITY, HUMAN RIGHTS & RIGHTS OF INDIGENOUS PEOPLES

Percentage of
Proved reserves in or near areas of conflict 10.83 5.38 EM-EP-210a.1 Note 3
Probable reserves in or near areas of conflict 18.84 5.61 EM-EP-210a.1
2P reserves in or near areas of conflict 13.78 5.61 EM-EP-210a.1 Note 3
Proved reserves in or near areas indigenous land 9.44 5.38 EM-EP-210a.2
Probable reserves in or near areas indigenous land 14.07 6.05 EM-EP-210a.2
2P reserves in or near areas indigenous land 11.05 5.61 EM-EP-210a.2
Discussion of engagement processes and due diligence practices with respect to human rights, indigenous rights, and operation in areas of conflict 2021 Sustainability Report (pgs. 46-47) 2020 Sustainability Report (pgs. 40-43) EM-EP-210b.1

COMMUNITY RELATIONS

Discussion of process to manage risks and opportunities associated with community rights and interests 2021 Sustainability Report (pgs. 13, 39-45) 2020 Sustainability Report (pgs. 40-43) EM-EP-210b.1
Number of non-technical delays 20 21 EM-EP-210b.2

WORKFORCE HEALTH AND SAFETY (Colombia only)

Total recordable incident rate (TRIR)
Employees (events/hour) 0 EM-EP-320a.1
Contractors (events/hour) 0.18 0.21 EM-EP-320a.1
Total (events/hour) 0.19 0.18 EM-EP-320a.1
Near miss frequency rate (NMFR) 5.59 1.32 EM-EP-320a.1
Fatalities
Fatality Rate 0 0 EM-EP-320a.1
Number of fatalities
Employees 0 0 EM-EP-320a.1
Contractors 0 0 EM-EP-320a.1
Fatalities (employees and contractors) 0 0 EM-EP-320a.1
Fatalities - 3rd party 0 0 EM-EP-320a.1
Average hours of health, safety, and emergency response training
Full-time employees 13.9 13 EM-EP-320a.1
Contract employees 18.8 0.36 EM-EP-320a.1
Short-service employee n.d. 0 EM-EP-320a.1
Discussion of management systems used to integrate a culture of safety throughout the exploration and production lifecycle 2021 Sustainability Report (pgs. 53-55) 2020 Sustainability Report (pgs. 50-54) EM-EP-320a.2

Economy

RESERVES VALUATION AND CAPITAL EXPENDITURES

Sensitivity of hydrocarbon reserve levels to future price projection scenarios that account for a price on carbon emissions (Million barrels) See table at the end In progress EM-EP-420a.1
Estimated carbon dioxide emissions embedded in proved hydrocarbon reserves (Million barrels) 59.5 61.05 EM-EP-420a.2
Amount invested in renewable energy, revenue generated by renewable energy sales (USD) n.d. n.d. EM-EP-420a.3
Discussion of how price and demand for hydrocarbons and/or climate regulation influence the capital expenditure strategy for exploration, acquisition, and development of assets n.d. 2020 Sustainability Report (pgs. 33) EM-EP-420a.4

Governance

BUSINESS ETHICS AND TRANSPARENCY

Percentage of
Proved reserves in countries that have the 20 lowest rankings in Transparency International’s Corruption Perception Index 0 0 EM-EP-510a.1
Probable reserves in countries that have the 20 lowest rankings in Transparency International’s Corruption Perception Index 0 0 EM-EP-510a.1
Description of the management system for prevention of corruption and bribery throughout the value chain 2021 Sustainability Report (pgs. 19-20) 2020 Sustainability Report (pgs. 24-29) EM-EP-510a.2 Note 3

MANAGEMENT OF THE LEGAL & REGULATORY ENVIRONMENT

Discussion of corporate positions related to government regulations and/or policy proposals that address environmental and social factors affecting the industry 2021 Sustainability Report (pgs. 18) 2020 Sustainability Report (pgs. 29) EM-EP-530a.1

CRITICAL INCIDENT RISK MANAGEMENT

Process Safety Event (PSE) rates for Loss of Primary Containment (LOPC) of greater consequence (Tier 1) 0.065 0 EM-EP-540a.1
Description of management systems used to identify and mitigate catastrophic and tail-end risks 2021 Sustainability Report (pgs. 18, 20 & 54) 2020 Sustainability Report (pgs. 31, 54) EM-EP-540a.2

Activity Metrics

OIL & GAS PRODUCTION

Production of
Oil (barrels per day) 45,280 46,518 EM-EP-000.A
Natural Gas (Million standard cubic feet per day) 10,308 7,800 EM-EP-000.A
Average oil and gas production (boe/d) 46,998 46,518 EM-EP-000.A

NUMBER OF DRILLED WELLS (GROSS)

Number of offshore sites 0 0 EM-EP-000.B
Number of terrestrial sites (Colombia) 41 24 EM-EP-000.C
Llanos Basin 26 14 EM-EP-000.C
Lower Magdalena Basin 3 2 EM-EP-000.C
Middle Magdalena Basin 7 6 EM-EP-000.C
Upper Magdalena 5 2 EM-EP-000.C
EM-EP-420a.1
Proved Reserves Probable
Price Case Oil Gas Total Oil Gas Total
(Scenario) (MMbbls) (MMscf) (MMboe) (MMbbls) (MMscf) (MMboe)
IEA 2021 Stated Policies Scenario 120.39 32,443 125.8 67.33 37,015 73.5
IEA 2021 Announced Pledges 119.97 32,384 125.36 67.45 37,074 73.63
IEA 2021 Sustainable Development 119.34 32,213 124.7 67.07 36,005 73.07
IEA 2021 Net Zero by 2050 109.53 25,559 113.79 70.08 41,065 76.93
Parex’ WI per the independent reserve report prepared by GLJ Petroleum Consultants (“GLJ”) effective Dec. 31, 2021
NOTES
1. Equity control basis
2.Parex incorporates the areas of ecological importance or of special categories for all its projects through the zoning in the environmental studies, which have restricted categories that prevent the development of activities. As a result, it can be ensured that Parex's present, past or future activities are not developed in areas of important biodiversity classified according to the International Union for Conservation, areas declared as world heritage by UNESCO, or park areas or special exclusion categories defined by Colombian legislation.
3. Percentages of reserves in or near areas with protected conservation status, in conflict and in indigenous land are included for 2P reserves (proved plus probable). In 2021, the percentages of reserves in or near conflict areas and indigenous reservations increased due to the inclusion of new blocks
4. The estimation of GHG emissions embedded in reserves was made based on CO2 emission factors, density and caloric values of the FECOC (2016) (Colombian fuel emission factors). The emission factors for methane and nitrous oxide were taken from the IPCC (2006) for each type of fuel (gasoline, diesel and jet fuel).
5. The Company has policies, including the Anti-corruption and Anti-bribery policy, in place to prevent any form of corruption or bribery, which include the enforcement of policies against giving or accepting money or gifts and an annual certification from all employees confirming that they received and understood the Company's anticorruption policies.