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 2 is lower than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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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, with Scope 1 emissions accounting for about 330,000,000 kg CO2e and Scope 2 emissions contributing approximately 30,000,000 kg CO2e. This represents an increase from 2022, where total emissions were about 260,000,000 kg CO2e, with Scope 1 emissions at approximately 230,000,000 kg CO2e and Scope 2 emissions remaining at about 30,000,000 kg CO2e. In 2021, the company recorded total emissions of around 230,000,000 kg CO2e, with Scope 1 emissions at about 200,000,000 kg CO2e and Scope 2 emissions at approximately 30,000,000 kg CO2e. Despite the increase in emissions over the years, OQ Exploration and Production SAOG has not publicly disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The company has not reported any Scope 3 emissions data, which typically includes indirect emissions from the value chain. OQ Exploration and Production SAOG's emissions intensity has varied, with a reported intensity of about 23,000 kg CO2e per barrel of oil equivalent in 2023, compared to approximately 12,900 kg CO2e per barrel in 2022 and 18,900 kg CO2e per barrel in 2021. The company is headquartered in Oman and operates within the mineral fuels and oils sector, which is under increasing scrutiny for its environmental impact. As such, OQ Exploration and Production SAOG's future climate commitments and strategies will be critical in addressing the challenges posed by climate change.
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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 | - | - | - |
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 participating in any of the initiatives that 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.
