Africa Oil’s vision is to be full cycle oil exploration and production growth vehicle that integrates sustainability considerations throughout decision-making and operational management. We will work with our partners to support the transition to a less carbon-intensive business.
As a non operator our ESG strategy is effective governance and stewardship of shareholder capital.
As a non-operating investor in exploration and production assets, Africa Oil is focused on the effective identification and management of risk. Our operating partners are selected in part on their ability and commitment to manage ESG risks effectively. We monitor operator performance and work with operators where possible and necessary to improve performance. Our role as the custodians of our shareholders’ capital is to ensure robust governance systems are in place to deliver our sustainability goals.
Africa Oil’s Sustainability Goals are:
Where we have operational control, all activities will be planned and implemented in accordance with the more stringent of national regulatory requirements and the Performance Standards on Environmental and Social Sustainability of the International Finance Corporation.
Where we do not have operational control, we will work with our Operating Partners to the extent possible to ensure that activities are undertaken in a manner consistent with our goals.