Africa Oil Corp, commonly referred to as Africa Oil, is a prominent player in the gas and diesel oil industry, headquartered in Calgary, Alberta (CA). Founded in 2007, the company has established a strong presence in key operational regions across Africa, focusing on exploration and production activities in countries such as Kenya and Ethiopia.
Specialising in oil and gas exploration, Africa Oil is recognised for its strategic partnerships and innovative approaches to resource development. The company’s core offerings include exploration services and the development of oil fields, which are distinguished by their commitment to sustainable practices and community engagement.
With a solid market position, Africa Oil has achieved significant milestones, including successful drilling campaigns and the discovery of substantial oil reserves, reinforcing its reputation as a leader in the African energy sector.
+9 vs industry average
Africa Oil’s score of 29 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Gas/Diesel Oil has above-average carbon intensity
Industry performance
The Gas/Diesel Oil industry has reduced its overall emissions by 23% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Africa Oil's reported carbon emissions
Africa Oil (CA) is an energy company operating in the Gas/Diesel Oil industry. For the reporting year 2024, Africa Oil reported Scope 1 emissions of approximately 98,978,500 kg CO2e, including about 286,000 kg CO2e of fugitive emissions. Scope 3 emissions for business travel were approximately 694,000 kg CO2e. Scope 2 emissions data for 2024 were not disclosed.
In the previous year, 2023, Africa Oil reported Scope 1 emissions of approximately 106,578,000 kg CO2e. Scope 2 emissions were approximately 4,100 kg CO2e, and Scope 3 emissions for business travel were about 253,000 kg CO2e, with an additional significant contribution from the use of sold products at approximately 2,937,388,000 kg CO2e.
In 2022, Scope 1 emissions were approximately 117,048,000 kg CO2e, with Scope 2 and Scope 3 data not reported for that year. For 2021, Scope 1 emissions were around 126,920,000 kg CO2e. In 2020, Scope 1 emissions were approximately 129,200,000 kg CO2e, and Scope 2 emissions were about 20,000 kg CO2e.
Africa Oil has set near-term reduction targets. The company aims for a 25% reduction in absolute Scope 1 and Scope 2 emissions by the end of 2025, using 2020 as a baseline. This target applies to their existing portfolio of non-operated producing assets. Reports indicate that "Prime" (an entity within Africa Oil's operations) is on track to meet its 2025 target to reduce Scope 1 and Scope 2 emissions by 25% compared to the 2020 baseline. Emissions data is not cascaded from a parent organisation, and Africa Oil Corp. is the source organisation for its reported performance.
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Africa Oil’s Climate Goals (2030 & 2050)
2 goals2025
25% reduction in Scope 1
Our short-term ambition is to achieve a 25% reduction in absolute emissions on our existing portfolio of non-operated producing assets by th…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Africa Oil
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