Oil Search Limited Sustainability Profile
Oil Search Limited, a prominent player in the oil and gas industry, is headquartered in Papua New Guinea (PG). Founded in 1929, the company has established itself as a leader in exploration and production, primarily focusing on oil and natural gas resources in the Asia-Pacific region. With significant operations in Papua New Guinea and a growing presence in the broader region, Oil Search is renowned for its commitment to sustainable practices and community engagement. The company’s core services include hydrocarbon exploration, development, and production, with a unique emphasis on leveraging advanced technology to enhance efficiency and safety. Recognised for its strong market position, Oil Search has achieved notable milestones, including successful partnerships and significant discoveries that have bolstered its reputation as a reliable energy provider.
DitchCarbon Score
How does Oil Search Limited'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
Oil Search Limited's score of 9 is lower than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Oil Search Limited's reported carbon emissions
In 2016, Oil Search Limited, headquartered in Papua New Guinea (PG), reported an emissions intensity of approximately 46,000 kg CO2e per million barrels of oil equivalent (mmboe) in the category of mineral fuels and oils. This data reflects the company's operational impact within the global energy sector. While specific absolute emissions figures for Scope 1, 2, and 3 are not disclosed, the company has not set any publicly available reduction targets or climate pledges. The absence of such commitments may indicate a need for further alignment with industry standards for climate action. It is important to note that Oil Search Limited is a current subsidiary of Santos Limited, which may influence its climate strategies and reporting. Emissions data and potential reduction initiatives may be cascaded from Santos Limited, reflecting broader corporate family commitments. However, as of now, no specific reduction initiatives or targets have been identified for Oil Search Limited. Overall, the company’s emissions profile and climate commitments suggest an opportunity for enhanced transparency and proactive measures in addressing climate change within its operations.
How Carbon Intensive is Oil Search Limited's Industry?
How Carbon Intensive is Oil Search Limited's Location?
Oil Search Limited's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Oil Search Limited has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
