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Norway: Lundin Energy sells the world’s first ever certified carbon neutrally produced oil
26 Apr 2021
Lundin Energy has announced that it has sold the world’s first ever certified carbon neutrally produced
(1) oil to
Highlights
Transparent pathway to carbon neutrality:
Edvard Grieg certified as a low-carbon field, at 3.8 kg CO2 per boe
600,000 barrels of Edvard Grieg crude supplied
Resulting 2,302 tonnes residual CO2 emissions captured using high quality, nature-based solutions
Independent testing and certification specialist Intertek, certified full life of field CO2 emissions of every barrel as carbon neutral
From 2025, all barrels produced by Lundin Energy will be carbon neutral in their production
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Lundin Energy AB has said that it has sold the world’s first ever certified carbon neutrally produced oil to Saras S.p.A, from its Edvard Grieg field, offshore Norway.
Lundin Energy’s Edvard Grieg field is the first oilfield in the world to be independently certified by Intertek Group, under its CarbonClear
TM certification. The field is certified as low carbon at 3.8 kg of CO
2 per barrel of oil equivalent (boe) for full life of field emissions, including exploration, development and production, five times less than the world average. In order to supply a fully carbon neutral barrel to Saras, residual emissions of 2302 t CO