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Lundin, which is a third-owned by Sweden s Lundin family, said the 600,000 barrel sale of Edvard Grieg crude oil to Italian refiner Saras had been certified carbon-neutral by certification company Intertek, taking into account all life of field emissions, from exploration through to development and production.
Lundin described the deal as a milestone as it intends all its production to be carbon neutral by 2025, saying the certification process provided a transparent pathway to carbon neutrality.
Norway is attempting to lead the way in the shift to carbon neutrality, with state-controlled Equinor targeting carbon-neutral operations by 2030, and full carbon-neutrality, including from the consumption of its products, by 2050.