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.
+8 vs industry average
Africa Oil’s score of 27 is higher than 57% 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 41% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Africa Oil's reported carbon emissions
In 2024, Africa Oil reported total carbon emissions of approximately 98.9785 million kg CO2e, comprising 98.9785 million kg CO2e from Scope 1 emissions and 694,000 kg CO2e from Scope 3 emissions related to business travel. The company has set ambitious climate commitments, aiming for a 25% reduction in absolute Scope 1 and Scope 2 emissions by the end of 2025, using 2020 as the baseline. This target reflects a proactive approach to mitigating climate impact, aligning with industry standards for sustainability. In 2023, Africa Oil's emissions were approximately 106.578 million kg CO2e from Scope 1, 4,100 kg CO2e from Scope 2, and about 2.9374 billion kg CO2e from Scope 3, primarily from the use of sold products. The company has consistently disclosed emissions data across multiple scopes, demonstrating transparency in its environmental impact reporting. Africa Oil's commitment to reducing emissions is evident in its near-term targets, which are on track to meet the 2025 goals. The company is focused on enhancing sustainability within its operations, reflecting a growing recognition of the importance of climate action in the oil and gas sector.
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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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