Gulf Keystone Petroleum
Gulf Keystone Petroleum Limited, commonly referred to as Gulf Keystone, is a prominent independent oil and gas exploration and production company headquartered in Bermuda (BM). Established in 2001, the company has made significant strides in the Kurdistan Region of Iraq, where it primarily operates. Gulf Keystone focuses on the exploration, development, and production of oil, with its flagship asset being the Shaikan field, known for its substantial reserves and production capacity. With a commitment to operational excellence and sustainability, Gulf Keystone has positioned itself as a key player in the energy sector. The company has achieved notable milestones, including successful drilling campaigns and strategic partnerships, which have bolstered its market presence. Gulf Keystone's unique approach to resource management and community engagement sets it apart in the competitive landscape of the oil and gas industry.
DitchCarbon Score
How does Gulf Keystone Petroleum'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 Petroleum Products 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
Gulf Keystone Petroleum's score of 19 is lower than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Gulf Keystone Petroleum's reported carbon emissions
In 2022, Gulf Keystone Petroleum reported a Scope 1 emissions intensity of approximately 9.09 kg CO2e per barrel. The company has not disclosed specific total emissions figures for 2022, nor for the years 2023, 2021, and 2020, where it reported Scope 1 emissions of 407,000,000 kg CO2e and Scope 2 emissions of 8,000,000 kg CO2e. This indicates a significant focus on monitoring and managing their direct emissions. Gulf Keystone has not set specific reduction targets or climate pledges, which may limit their ability to demonstrate a proactive approach to climate commitments. The absence of disclosed Scope 3 emissions data suggests that the company may not be fully addressing its entire carbon footprint, which typically includes indirect emissions from the supply chain and product use. Overall, while Gulf Keystone Petroleum is actively measuring its emissions intensity, the lack of comprehensive reduction initiatives or targets may present challenges in aligning with industry standards for climate action.
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| 2020 | |
|---|---|
| Scope 1 | 407,000,000 |
| Scope 2 | 8,000,000 |
| Scope 3 | - |
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.
Gulf Keystone Petroleum 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.
