Horizon Oil Limited, commonly referred to as Horizon Oil, is a prominent player in the oil and gas industry, headquartered in Australia. Established in 1995, the company has made significant strides in exploration and production, primarily focusing on the Asia-Pacific region, including Papua New Guinea and New Zealand.
Horizon Oil is renowned for its commitment to sustainable practices and innovative solutions in hydrocarbon extraction. The company’s core services encompass oil and gas exploration, development, and production, with a strong emphasis on maximising resource recovery while minimising environmental impact.
With a solid market position, Horizon Oil has achieved notable milestones, including successful project developments and strategic partnerships that enhance its operational capabilities. The company continues to be a key contributor to the energy sector, leveraging its expertise to navigate the evolving landscape of oil and gas.
+21 vs industry average
Horizon Oil’s score of 25 is higher than 69% 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
Oil Seeds is among the most carbon-intensive industries
Industry performance
The Oil Seeds industry has reduced its overall emissions by 27% since 2019
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Horizon Oil's reported carbon emissions
Horizon Oil, headquartered in AU, reported a total of approximately 1.71 billion kg CO2e in emissions for the 2025 reporting year. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. For the 2025 reporting year, Horizon Oil's emissions were broken down as follows: * **Scope 1:** Approximately 48.1 million kg CO2e * **Scope 2:** Approximately 16,000 kg CO2e * **Scope 3:** Approximately 634.8 million kg CO2e In 2024, total emissions were approximately 654.7 million kg CO2e, with Scope 1 at approximately 42.3 million kg CO2e, Scope 2 at approximately 16,000 kg CO2e, and Scope 3 at approximately 610.5 million kg CO2e. Horizon Oil has implemented emission reduction projects. One such initiative is the installation of a flare gas recovery compressor, designed to utilise flared gas as fuel for field compressors. This project aims to reduce flare gas emissions by more than 25%. The company's sustainability report for 2025 references emissions intensity figures and discusses its approach to climate change.
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Horizon Oil’s Climate Goals (2030 & 2050)
1 goal2024
25% reduction in Scope 1
One of the main emission reduction projects implemented is the installation of a flare gas recovery compressor, aiming to utilise gas sent t…
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.
See all 1 climate goals
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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Horizon Oil
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