Circle Oil plc
Circle Oil plc, a prominent player in the oil and gas industry, is headquartered in Ireland (IE) and operates primarily in North Africa and the Middle East. Founded in 2004, the company has established itself as a key provider of exploration and production services, focusing on oil and gas reserves in strategic regions. With a commitment to sustainable practices, Circle Oil plc offers unique solutions in hydrocarbon exploration and development, leveraging advanced technologies to optimise resource extraction. The company has achieved significant milestones, including successful drilling campaigns and partnerships that enhance its market position. Recognised for its operational excellence, Circle Oil plc continues to expand its portfolio, contributing to energy security while maintaining a strong focus on environmental responsibility.
DitchCarbon Score
How does Circle Oil plc'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
Circle Oil plc's score of 3 is lower than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Circle Oil plc's reported carbon emissions
In 2023, Circle Oil plc reported total carbon emissions of approximately 138,478,000 kg CO2e. This figure includes 19,389,000 kg CO2e from Scope 1 emissions, 11,665,000 kg CO2e from Scope 2 emissions, and a significant 107,424,000 kg CO2e from Scope 3 emissions. The company has set ambitious reduction targets for its carbon emissions. By 2025, Circle Oil aims to achieve a 66% reduction in Scope 1 emissions from its own distribution of fuel to mobility locations. This target escalates to an 88% reduction by 2028 and a complete 100% reduction by 2030. Additionally, for Scope 2 emissions, the company is targeting a 12% reduction by 2028 and a 30% reduction by 2030, focusing on energy for transport from its mobility locations. These commitments reflect Circle Oil's proactive approach to addressing climate change and reducing its carbon footprint, aligning with industry standards for sustainability and emissions reduction.
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.
Circle Oil plc 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.
