Lundin’s Johan Sverdrup Oil to be CarbonZero certified
Lundin Energy AB announced that all future barrels of oil the Company sells from the Johan Sverdrup field will be certified as carbon neutrally produced under Intertek Group plc’s (Intertek) CarbonZeroTM standard. The field has been independently certified at 0.45 kg CO2e per boe1, approximately 40 times lower than the world average2. Lundin Energy has then taken the further step to neutralise net residual emissions using high quality, natural carbon capture projects.
- All future net production from Johan Sverdrup will be certified as carbon neutrally produced by Intertek under its CarbonZeroTM standard
- Johan Sverdrup full life of field emissions are certified as one of the lowest in the world at 0.45 kg CO2e per boe by Intertek under its CarbonClearTM standard
- Residual emissions from net production at Johan Sverdrup have been neutralised using high quality, natural carbon capture projects, certified by the Verified Carbon Standard (VCS)
- The first carbon neutrally produced cargo from Johan Sverdrup has been sold to GS Caltex, Korea
- From 2025, all barrels produced by Lundin Energy will be carbon neutral in their production
The Johan Sverdrup field is the second in Norway to have its emissions independently certified by Intertek, under its CarbonClearTM standard.
The field is certified as one of the world’s lowest carbon emitting offshore oil and gas fields at 0.45 kg CO2e per barrel of oil equivalent (boe) for full life of field emissions1, approximately 40 times lower than the world average2. In order to supply a fully carbon neutrally produced barrel, the residual emissions have been neutralised through high quality, natural carbon capture projects, certified by the Verified Carbon Standard (VCS). As a result, there will be no net emissions released during the future production of Lundin Energy’s Johan Sverdrup net barrels, which amounts to approximately 100 thousand barrels of oil per day (Mbopd) today and increasing to approximately 150 Mbopd when Phase 2 of the field comes on stream in the fourth quarter of 2022.
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