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 0 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Gulf Keystone Petroleum's reported carbon emissions
In 2020, Gulf Keystone Petroleum reported significant carbon emissions, with Scope 1 emissions totalling approximately 407,000,000 kg CO2e and Scope 2 emissions at about 8,000,000 kg CO2e. This data highlights the company's operational impact on climate change. For the years 2021 and 2022, while specific emissions data was not disclosed, the company reported Scope 1 emissions intensity values of approximately 8.03 and 9.09 kg CO2e per barrel, respectively. In 2023, the Scope 1 emissions intensity was reported at about 9.08 kg CO2e per barrel, indicating a relatively stable emissions intensity over these years. Despite these figures, Gulf Keystone Petroleum has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. This lack of formal commitments may reflect broader industry challenges in addressing carbon emissions effectively. As the company is headquartered in BM, it is essential for Gulf Keystone Petroleum to enhance its climate commitments and set measurable targets to align with global climate goals and improve its sustainability profile.
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Get Started| 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 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.
