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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.
24
DitchCarbon score
+5 vs industry average
Africa Oil’s score of 24 is lower than 49% 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
Very High
Gas/Diesel Oil is among the most carbon-intensive industries
Industry performance
0.698
20182025
The Gas/Diesel Oil industry has reduced its overall emissions by 23% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Africa Oil's reported carbon emissions
Africa Oil Corp., headquartered in CA and operating within the Gas/Diesel Oil industry, reported a total of approximately 3.03 billion kg CO2e for Scope 1 and Scope 3 emissions in 2023. This figure comprises Scope 1 emissions of approximately 106.58 million kg CO2e and Scope 3 emissions of approximately 2.94 billion kg CO2e, primarily driven by the use of sold products. Scope 2 emissions for 2023 were approximately 4,100 kg CO2e.
In 2024, Africa Oil Corp. reported Scope 1 emissions of approximately 98.98 million kg CO2e and Scope 3 emissions from business travel of approximately 694,000 kg CO2e. Scope 1 and 2 emissions for 2024 totalled approximately 98.9 million kg CO2e. The company also reported a GHG intensity of 16,000 kg CO2e per boe for its operations.
Africa Oil Corp. has set near-term reduction targets. For its existing portfolio of non-operated producing assets, the company aims for a 25% reduction in absolute Scope 1 and Scope 2 emissions by the end of 2025, compared to a 2020 baseline. Specific to its Prime operations, there is a target to reduce Scope 1 and Scope 2 emissions by 25% by 2025, relative to the 2020 baseline, and the company indicates it is on track to meet this goal.
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Africa Oil’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Africa Oil24 days ago
24
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