Swedish independent Lundin Energy has moved forward by two years to 2023 the carbon neutrality goal for its offshore oil developments in Norway, as a major project to bring onshore renewable electric power to offshore installations is progressing apace.
The company has updated its previous estimate for Scope 1 and 2 carbon dioxide emissions from its offshore upstream operations, forecasting that they will fall to one kilogramme per barrel of oil equivalent in 2023, against the average of 2.6 kilogrammes per boe in 2019.
Lundin had earlier expected emissions to decline to this level in 2025.
The target also includes Scope 3 supply chain emissions from supply vessels, logistics and travel however it excludes CO2 emissions after delivery of hydrocarbons to customers, Lundin said.
The 1 kilogramme per boe emissions target will be further reduced to zero by carbon capture and carbon offset projects elsewhere in Scandinavia.—
Additionally, the company will strive to employ a hybrid support vessel fleet and source carbon neutral materials to reduce CO2 emissions in the supply chain, it said.
The update in the carbon neutrality timeline comes as a result of an ongoing project, administered by Norway’s Equinor, to lay subsea cables to supply electric power to several legacy offshore fields in the Norwegian North Sea, aiming to reduce annual CO2 emissions from them by about 1.2 million tonnes.
The electrification of production platforms at Edvard Grieg and Johan Sverdrup fields is planned to be completed before the end of the next year, with power to be supplied from the operational Leikanger hydropower project in Norway in which Lundin has an 50% interest.
However, with annual capacity of this hydropower project matching just over one third of the annual requirement of 600 gigawatt hours for Lundin’s offshore production platforms, the Swedish independent has splashed on two windfarm projects to meet the remaining power demand.
The Karskruv wind project in Sweden where Lundin is a 100% shareholder, is due to generate 290 GWh per annum of electric power from 2023.
Meanwhile, the Metsalamminkangas wind farm in Finland, due online next year and where Lundin holds a 50% interest, is planned to deliver electricity at the rate of 400 Gwh per annum from 2022.
Lundin Norway operates Edvard Grieg with a 65% working interest, and its partners are Austria’s OMV Norge and Germany’s Wintershall Dea with 20% and 15% working interests respectively.
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