Africa Oil Corp, commonly referred to as Africa Oil, is a prominent player in the gas and diesel oil industry, headquartered in Calgary, Alberta (CA). Founded in 2007, the company has established a strong presence in key operational regions across Africa, focusing on exploration and production activities in countries such as Kenya and Ethiopia.
Specialising in oil and gas exploration, Africa Oil is recognised for its strategic partnerships and innovative approaches to resource development. The company’s core offerings include exploration services and the development of oil fields, which are distinguished by their commitment to sustainable practices and community engagement.
With a solid market position, Africa Oil has achieved significant milestones, including successful drilling campaigns and the discovery of substantial oil reserves, reinforcing its reputation as a leader in the African energy sector.
+8 vs industry average
Africa Oil’s score of 27 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Gas/Diesel Oil has above-average carbon intensity
Industry performance
The Gas/Diesel Oil industry has reduced its overall emissions by 41% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Africa Oil's reported carbon emissions
Africa Oil Corp., headquartered in CA and operating in the Gas/Diesel Oil industry, has reported its carbon emissions across various scopes. For 2024, the company reported Scope 1 emissions totalling approximately 98,978,500 kg CO2e, with fugitive emissions accounting for about 286,000 kg CO2e. Scope 3 emissions for business travel were approximately 694,000 kg CO2e. The combined Scope 1 and 2 emissions for 2024 were approximately 98,900,000 kg CO2e. Data for Scope 2 emissions was not disclosed for this year. In 2023, Africa Oil Corp. reported Scope 1 emissions of approximately 106,578,000 kg CO2e and Scope 2 emissions of approximately 4,100 kg CO2e. Scope 3 emissions included approximately 2,530,000 kg CO2e for business travel and a significant 2,937,388,000 kg CO2e from the use of sold products. The total for Scope 1 and 2 emissions in 2023 was approximately 106,582,000 kg CO2e. The company has set near-term reduction targets. Specifically, Africa Oil Corp. aims for a 25% reduction in absolute Scope 1 and Scope 2 emissions by the end of 2025, compared to a 2020 baseline. This target applies to its existing portfolio of non-operated producing assets. The company indicates it is on track to meet its 2025 target for reducing Scope 1 emissions by 25% relative to the 2020 baseline. Similarly, progress is being made towards the 2025 target for Scope 2 emissions reduction of 25% against the same baseline.
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Africa Oil’s Climate Goals (2030 & 2050)
2 goals2025
25% reduction in Scope 1
Our short-term ambition is to achieve a 25% reduction in absolute emissions on our existing portfolio of non-operated producing assets by th…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Africa Oil
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