Environmental, Social and Governance (ESG)

OilXCoin merges the transformative power of blockchain technology with a commitment to ESG principles, ensuring that their digital assets go beyond financial value to embody ethical responsibility and sustainable practices.

Exploration

OilXCoin aims to minimize the surface footprint of developments and ensure safe operations.

• By plans to deploy a revolutionary subsurface exploration technology which comes without the use of geophones, explosions and vibroseis trucks (used by conventionally deployed 3D seismic methods)

• By plans to use Computer Aided Design (CAD) to develop, simulate and optimize wells and reservoir development plans prior to implementation and thus reduce guesswork and trial-/error operations

• By plans to digitize our oil leases, with plans to employ e.g. advanced flowmeters and pump off controllers which allow to monitor the fluid level in a well and automatically adjust the pump speed to maintain a pre-determined fluid level.

• By plans to partner with innovative companies who specialize in skin damage removal processes and by deploying various Enhanced Oil Recovery (EOR) techniques such as N2 or CO2 injection to maximize the recovery potential of each lease and thus reduce the large carbon footprint associated with drilling and casing a new well .

Delivery & Consumption

OilXCoin aims to reduce the need for long and short haul transportation post extraction.

• By transporting the product directly to local refineries instead of using oil tankers, high carbon emissions and the potential to cause environmental calamities are reduced.

• By plans to deploy a micro-refinery concept allowing end products such as fuels and solvents to be produced very close to local production hubs.

Blockchain

OilXCoin is built on the robust Ethereum blockchain which utilizes the Proof-of-Stake (PoS) consensus mechanism.

• Proof-of-Stake stands for its energy efficiency in stark contrast to the traditional Proof-of-Work (PoW) mechanism.

Local Communities

OilXCoin is committed to ensure our operations promote economic growth and job creation for the local populace around our reserves.

• By actively investing in upgrading local infrastructure and forge relationships with local enterprises in the oil & gas sector.

Democratizing Oil Market Participation

OilXCoin strives to break down the barriers of entry to the natural gas and crude oil industry investment landscape.

• By tokenizing oil and gas reserves and the associated upstream value chain, we ensure that opportunities for participation and investment are open and accessible to everyone.

Commitment to Regulatory Compliance

OilXCoin is committed to fostering a secure and trustworthy environment for our investors.

• By operating within legal frameworks of the respective jurisdictions.

• By proactively staying abreast of regulatory changes and compliance requirement.