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 64% 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, which are direct emissions from owned or controlled sources, and approximately 30,000,000 kg CO2e from Scope 2 emissions, representing indirect emissions from the generation of purchased electricity, steam, heating, and cooling. Notably, Scope 3 emissions data is not available for 2023. In 2022, the company recorded total emissions of about 260,000,000 kg CO2e, with Scope 1 emissions at approximately 230,000,000 kg CO2e and Scope 2 emissions remaining consistent at around 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 emissions at about 30,000,000 kg CO2e. Despite the increase in total emissions from 2022 to 2023, OQ Exploration and Production SAOG has not publicly disclosed any specific reduction targets or initiatives aimed at decreasing their carbon footprint. The company has not committed to any climate pledges or science-based targets, indicating a potential area for future development in their sustainability strategy. Overall, OQ Exploration and Production SAOG's emissions profile reflects the challenges faced by the oil and gas sector in managing carbon emissions while meeting energy demands.
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Get Started| 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.
