Santos special projects vice-president Tau Homoka accepted the award during the 16th PNG Mining and Petroleum Investment Conference and exhibition dinner in Sydney this week, The National newspaper reported.
Santos says it is prioritising a nature-based carbon offset project operation, PNG Biomass, which would provide decarbonisation benefits as well as better social outcomes for local communities.
"We work to establish and grow trees that take carbon from the atmosphere. We enhance biodiversity by creating habitats and we deliver social development and economic benefits to communities," Santos senior executive Brett Darley said.
"The current acreage totals around 3600ha, with four million trees already planted over 160km in Markham Valley.
"Our nursery currently houses about 146,000 trees and has capacity to more than double this as we expand. And we have more than 100 agreements in place and maintained with local landholders.
"We are aiming for the project to sequester over eight million tonnes of carbon dioxide over its life — a great step towards decarbonisation in PNG.
The PNG Biomass project is being actively re-purposed into a sustainable carbon project, growing mixed species, predominantly native trees in Markham Valley, The National newspaper reported.