Lundin has produced the world’s first certified carbon neutrally produced oil from the Edvard Grieg field, offshore Norway.
Lundin has produced the world’s first certified carbon neutrally produced oil from the Edvard Grieg field, offshore Norway.
The Edvard Grieg field is the first in the world to be independently certified by Intertek Group (Intertek), under its CarbonClear certification. The field is certified as low carbon at 3.8 kg of CO2 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 600,000 fully carbon neutral barrels to Saras’ refinery in Sarroch, Sardinia, residual emissions of 2302 tonnes CO2 were compensated through a nature-based carbon capture project, certified by the Verified Carbon Standard (VCS). In addition, the entire trade was independently certified as carbon neutral by Intertek under its CarbonZeroTM standard. As a result, there were no net emissions released during the production of each barrel delivered to Saras.
From 2025, all barrels produced by Lundin Energy will be carbon neutral in their production
Nick Walker, president and CEO of Lundin Energy, said: ‘The provenance of a barrel and how it is produced is increasingly important, as society and industry require lower carbon feedstocks to achieve emission reduction targets and meet the goals of the Paris Agreement.’
