Africa Oil
Africa Oil Corp, commonly referred to as Africa Oil, is a prominent player in the oil and gas industry, headquartered in Calgary, Alberta, Canada. Founded in 2007, the company has established a significant presence in East Africa, particularly in countries like Kenya and Ethiopia, where it focuses on exploration and development of oil resources. Specialising in the acquisition and development of oil assets, Africa Oil is recognised for its strategic partnerships and innovative approaches to resource management. The company’s core offerings include exploration, production, and development of oil fields, which are distinguished by their commitment to sustainable practices and community engagement. With a strong market position, Africa Oil has achieved notable milestones, including successful drilling campaigns and significant resource discoveries, solidifying its reputation as a leader in the African oil sector.
DitchCarbon Score
How does Africa Oil'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 Gas/Diesel Oil 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
Africa Oil's score of 19 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Africa Oil's reported carbon emissions
In 2023, Africa Oil reported total carbon emissions of approximately 3,000,000,000 kg CO2e, with significant contributions from Scope 1 and Scope 3 emissions. Specifically, Scope 1 emissions were about 106,578,000 kg CO2e, while Scope 3 emissions from the use of sold products reached approximately 2,937,388,000 kg CO2e. Additionally, Scope 2 emissions were recorded at about 4,100 kg CO2e. Comparatively, in 2022, Africa Oil's Scope 1 emissions were approximately 117,048,000 kg CO2e, indicating a reduction in this category. The company has set ambitious near-term targets, aiming for a 25% reduction in absolute emissions from its existing portfolio of non-operated producing assets by the end of 2025, using 2020 as the baseline year. This target applies to both Scope 1 and Scope 2 emissions. Africa Oil's commitment to reducing its carbon footprint aligns with industry standards and reflects a proactive approach to climate change mitigation. The company continues to disclose its emissions data and reduction initiatives, demonstrating transparency and accountability in its sustainability efforts.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 129,200,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 20,000 | - | - | 0,000 |
| Scope 3 | - | - | - | 0,000,000,000 |
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.
Africa Oil 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.
