OQ Exploration and Production SAOG
OQ Exploration and Production SAOG, commonly referred to as OQ EP, is a prominent player in the oil and gas industry, headquartered in Oman. Established in 2000, the company has made significant strides in exploration and production, primarily focusing on hydrocarbon resources in Oman and other strategic regions. OQ EP is renowned for its commitment to sustainable practices and innovative technologies, offering a range of services that include oil and gas exploration, production, and development. The company’s unique approach to resource management and operational efficiency has positioned it as a leader in the sector. With a strong market presence, OQ EP has achieved notable milestones, contributing to Oman’s energy landscape while prioritising environmental stewardship and community engagement.
DitchCarbon Score
How does OQ Exploration and Production SAOG's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Crude Oil Extraction industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
OQ Exploration and Production SAOG's score of 8 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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OQ Exploration and Production SAOG's reported carbon emissions
In 2024, OQ Exploration and Production SAOG reported total carbon emissions of approximately 410,152,140 kg CO2e for Scope 1 and about 32,870,980 kg CO2e for Scope 2, resulting in a combined total of around 443,023,120 kg CO2e for both scopes. This marks an increase from 2023, where emissions were approximately 337,633,770 kg CO2e for Scope 1 and about 30,199,000 kg CO2e for Scope 2, leading to a total of around 367,832,770 kg CO2e. OQ Exploration and Production has set ambitious climate commitments, aiming to achieve net-zero carbon emissions by 2050, aligning with national targets. Additionally, the company has committed to reducing intensity-based Scope 1 and Scope 2 greenhouse gas emissions by 25% from a 2021 baseline by 2030. This near-term target reflects a proactive approach to mitigating climate impact while enhancing operational efficiency. The company has not disclosed any Scope 3 emissions data, indicating a focus on direct and indirect emissions from their operations. OQ Exploration and Production's ongoing efforts and commitments demonstrate a clear dedication to sustainability and climate responsibility within the oil and gas sector.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 337,633,770 | 000,000,000 |
| Scope 2 | 30,199,000 | 00,000,000 |
| Scope 3 | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
OQ Exploration and Production SAOG is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
