Offshore staff
STOCKHOLM, Sweden – Lundin Petroleum is targeting ‘carbon neutrality’ from its projects offshore northwest Europe by 2030, and plans to change its name to Lundin Energy.
Under its new Decarbonization Strategy, the company is committed to cutting its carbon footprint to the lowest possible levels, via a combination of emissions reductions, energy efficiency, R&D and carbon capture measures.
To achieve its 2030 goal, the company will implement the following measures:
• From 2020 limit average operated and non-operated portfolio carbon intensity to less than 4 kg CO2 (carbon dioxide) per boe and from 2023 to less than 2 kg CO2/boe
• In 2022 participate in full electrification of the Edvard Grieg and Johan Sverdrup Phase 2 production facilities in the central Norwegian North sea, aiming for less than 1 kg CO2/boe at in both cases
• From 2022 replace all net electricity usage from power from shore through investments in renewable power generation
• Offset all business and operationally related air travel emissions through natural carbon capture.
At the same time the company will pursue production of 200,000 boe/d by 2030, with low operating costs and a carbon intensity less than 2 kg CO2/boe in 2023 against an assumed global average of 18 kg CO2/boe.
01/27/2020
