RESILIENCE |  SUSTAINABILITY  |  GROWTH

Lundin Energy: Fuelling the energy transition

Delivering value
RESILIENCE | SUSTAINABILITY | GROWTH

We are a leading independent E&P company, operting purely on the Norwegian Continental Shelf.

Lundin Energy is an experienced Nordic oil and gas company that explores for, develops and produces resources economically, efficiently and responsibly. We focus on value creation for our shareholders and wider stakeholders through three strategic pillars: Resilience, Sustainability and Growth.

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Reserves and resources

1.2

bn

barrels (1)

Production

200

Mboepd

by 2003 (2)

Industry leading Opex

3.0

USD/boe

2021 guidance

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All of our barrels are certified as carbon neutrally produced

All of our net production from Johan Sverdrup is certified as a carbon neutrally produced by Intertek Group plc (Intertek) under the CarbonZeroTM standard. The field is the second in Norway (the first being the Edvard Grieg field) to have its full life of field emissions independently certified by Intertek, under its CarbonClearTM standard, at 0.45 kg CO2e per boe, onoe of the lowest carbon intensities in the world.

To supply a fully carbon neutrally produced barrel, ressidual emissions are neutralised through high quality natural carbon capture projects, certified by the Verified Carbon standard (VCS)1.
A a result, from June 2021, no net carbon emission are released to the atmossphere during the production of Lundin Energy's Johan Sverdrup barrels.

1 Carbon credits sourced from reforestation and afforestation projects in Ghana (project ID: VCS 987, ~5 kt CO2e, vintage 2018-2019) and Mexico (project ID: VCS 1141, ~17 kt CO2e, vintage: 2014-2019)

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upcoming event

Q3 Report 2021

28 october 2021
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Financial calendar

CarbonZero certified barrels

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Strong production growth and low operating costs

  • Long-term production target of >200 Mboepd
    (2021 guidance of 180-195 Mboepd)
  • Industry leading low opex 3–4 USD/boe
    (2021 guidance of 3.00 USD/boe)

Resilient and sustainable financial

  • Strong cash flow generation and liquidity even down to low oil prices
  • Capacity to fund growth, repay debt and pay dividends

Resilient and sustainable financial growth

  • Strong cash flow generation and liquidity even down to low oil prices
  • Capacity to fund growth, repay debt and pay dividends
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CarbonZero certified barrels

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Fuelling the energy transition

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Discover our board
Fuelling the energy transition

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Sustainability & Operations

sustainability

CarbonZero certified barrels

At Lundin Energy, we deliver certified carbon neutrally produced barrels of crude oil which reduce emissions in production by more than 50 percent compared to a world average barrel, and reduce the carbon costs for our customers by up to 2 USD per barrel. The independent CarbonZeroTM certification by Intertek ensures transparency...

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CarbonZero certified barrels

operations

Fuelling the energy transition

The transition to a more sustainable energy future is a global challenge that needs a global solution. We are proud to be part of that solution with our industry leading target for carbon neutrality in our operations from 2023. This makes us resilient in a lower carbon future, enabling us to grow and continue to fuel the energy transition with responsibly and sustainably produced oil.

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Fuelling the energy transition
Corporate presentation
Corporate presentation
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Document in Swedish
Document in Swedish
Ladda ner (SV)
Sustainability Report 2021
Sustainability Report 2021
Download (EN)