Papuan Oil Search Limited Sustainability Profile
Papuan Oil Search Limited, commonly referred to as Oil Search, is a prominent player in the oil and gas industry, headquartered in Australia. Established in 1929, the company has made significant strides in exploration and production, primarily focusing on Papua New Guinea and the surrounding regions. Oil Search is renowned for its expertise in developing oil and gas resources, with a portfolio that includes both upstream and midstream operations. The company’s commitment to sustainable practices and community engagement sets it apart in a competitive market. With a strong market position, Oil Search has achieved notable milestones, including successful partnerships and significant discoveries that bolster its reputation as a leader in the energy sector. Its innovative approach to resource management continues to drive growth and enhance its standing in the industry.
DitchCarbon Score
How does Papuan 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
Papuan Oil Search Limited's score of 21 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Papuan Oil Search Limited, headquartered in Australia, currently does not report specific carbon emissions data for the most recent year, as indicated by the absence of emissions figures. The company is a current subsidiary of Santos Limited, which may influence its climate commitments and emissions reporting. As of now, Papuan Oil Search Limited has not established any documented reduction targets or specific climate pledges. However, it is important to note that any climate initiatives or targets may be inherited from its parent company, Santos Limited, which operates at a cascade level of 2. This means that while direct emissions data is not available, the company's climate strategy may align with the broader commitments and initiatives of Santos Limited. In the context of the oil and gas industry, companies are increasingly focusing on reducing their carbon footprints and setting science-based targets. Papuan Oil Search Limited's future climate commitments may evolve as it aligns more closely with industry standards and the sustainability goals of its parent organisation.
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| 2012 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000 | 0,000 |
| Scope 2 | 37,796,000 | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000 | 000 |
| Scope 3 | - | - | - | - | - | - | - | - | - | - | 00,000 | 00,000 |
How Carbon Intensive is Papuan Oil Search Limited's Industry?
How Carbon Intensive is Papuan Oil Search Limited's Location?
Papuan Oil Search Limited's Scope 3 Categories Breakdown
Papuan Oil Search Limited's Scope 3 emissions, which decreased by 9% last year and decreased by approximately 9% since 2023, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 71% of Scope 3 emissions.
Top Scope 3 Categories
Papuan 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.
Papuan 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.
