OQ Exploration and Production SAOG Sustainability Profile
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 13 is lower than 58% 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 2024, OQ Exploration and Production SAOG reported total carbon emissions of approximately 410,152,140 kg CO2e for Scope 1 and about 32,870,980 kg CO2e for Scope 2, resulting in a combined total of around 443,023,120 kg CO2e. This marks an increase from 2023, where emissions were approximately 337,633,770 kg CO2e for Scope 1 and about 30,199,000 kg CO2e for Scope 2, leading to a total of around 367,832,770 kg CO2e. OQ Exploration and Production SAOG has set ambitious climate commitments, aiming to align with the national target of achieving net-zero carbon emissions by 2050. Additionally, the company has established a near-term goal to reduce intensity-based Scope 1 and Scope 2 GHG emissions by 25% from a 2021 baseline by 2030. This commitment reflects a proactive approach to managing their carbon footprint and contributing to broader climate goals. The emissions data is cascaded from OQ SAOC, the parent company, indicating a corporate family relationship that influences OQ Exploration and Production SAOG's sustainability strategies. The company has not disclosed any Scope 3 emissions data, which typically includes indirect emissions from the value chain. Overall, OQ Exploration and Production SAOG is taking significant steps towards reducing its carbon emissions and enhancing its sustainability profile in the oil and gas sector.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 337,633,770 | 000,000,000 |
| Scope 2 | 30,199,000 | 00,000,000 |
| Scope 3 | - | - |
How Carbon Intensive is OQ Exploration and Production SAOG's Industry?
How Carbon Intensive is OQ Exploration and Production SAOG's Location?
OQ Exploration and Production SAOG'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.
OQ Exploration and Production SAOG 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.
