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 22 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Africa Oil's reported carbon emissions
In 2023, Africa Oil reported total carbon emissions of approximately 106,582,000 kg CO2e, comprising 106,578,000 kg CO2e from Scope 1 and 4,100 kg CO2e from Scope 2 emissions. The company also disclosed Scope 3 emissions, which totalled about 2,937,388,000 kg CO2e, primarily from the use of sold products. Over the past few years, Africa Oil has demonstrated a commitment to reducing its carbon footprint. In 2022, the company achieved a reduction in Scope 1 emissions to approximately 117,048,000 kg CO2e from 126,920,000 kg CO2e in 2021. This trend of decreasing emissions continued into 2023, indicating a positive trajectory towards sustainability. Despite these reductions, Africa Oil has not set specific reduction targets or climate pledges, which may limit its ability to align with industry standards for climate action. The company’s emissions intensity for Scope 1 was reported at approximately 0.0143 kg CO2e/boe in 2023, reflecting its operational efficiency in relation to emissions. Overall, while Africa Oil has made strides in reducing its emissions, the absence of formal reduction targets suggests an opportunity for further commitment to climate initiatives.
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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 | - | 00,000 | 0,000 |
| Scope 3 | - | - | 0,000,000,000 | 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 committed to any reduction initiatives 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.
