OQ Exploration and Production SAOG
OQ Exploration and Production SAOG, commonly referred to as OQ EP, is a prominent player in the oil and gas industry, headquartered in Oman. Established in 2000, the company has made significant strides in exploration and production, primarily focusing on hydrocarbon resources in Oman and other strategic regions. OQ EP is renowned for its commitment to sustainable practices and innovative technologies, offering a range of services that include oil and gas exploration, production, and development. The company’s unique approach to resource management and operational efficiency has positioned it as a leader in the sector. With a strong market presence, OQ EP has achieved notable milestones, contributing to Oman’s energy landscape while prioritising environmental stewardship and community engagement.
DitchCarbon Score
How does OQ Exploration and Production SAOG'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
OQ Exploration and Production SAOG's score of 7 is higher than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
OQ Exploration and Production SAOG's reported carbon emissions
In 2023, OQ Exploration and Production SAOG reported total carbon emissions of approximately 360,000,000 kg CO2e. This figure includes about 330,000,000 kg CO2e from Scope 1 emissions and 30,000,000 kg CO2e from Scope 2 emissions. Notably, the company did not disclose Scope 3 emissions for this year. In 2022, the total emissions were around 260,000,000 kg CO2e, with Scope 1 contributing approximately 230,000,000 kg CO2e and Scope 2 at about 30,000,000 kg CO2e. The previous year, 2021, saw total emissions of about 230,000,000 kg CO2e, with Scope 1 emissions at approximately 200,000,000 kg CO2e and Scope 2 at around 30,000,000 kg CO2e. Despite the increase in total emissions from 2021 to 2023, OQ Exploration and Production SAOG has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company operates within the mineral fuels and oils sector, where emissions intensity is a critical metric, with reported GHG intensity for Scope 1 and 2 at approximately 23,000 kg CO2e per barrel of oil equivalent in 2023, down from 18,900 kg CO2e per barrel in 2021. OQ Exploration and Production SAOG's headquarters is located in Oman, and the company continues to navigate the challenges of carbon emissions in the energy sector while focusing on operational efficiency and sustainability.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 200,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 30,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 30,497,000 | 00,000,000 | - |
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.
OQ Exploration and Production SAOG 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.
