Our organic growth strategy, high quality assets, low operating costs and lower carbon emissions have made us one of the world’s leading sustainable oil and gas companies.
Today we are an experienced Nordic oil and gas company that explores for, develops and produces resources economically, efficiently and responsibly. We are also one of the largest operated acreage holders in Norway. But we’re not satisfied to leave it at that, so we continue to explore even better ways to produce and to develop energy. We are explorers by nature. When we find what we’re looking for – that makes us a little bit better. When we don’t find it – that makes us a little bit wiser.
World class assets
Our main assets Johan Sverdrup and Edvard Grieg have an excellent track record of outperformance in terms of production capacity, reserves additions and production efficiency.
Industry leading low costs
Lundin Energy’s operating cost guidance for 2021 is 3.0 USD/boe which is about one quarter of North Sea average. Long term operating cost guidance for 2021 onwards is between 3 and 4 USD/boe.
Low carbon emissions
Lundin Energy’s carbon intensity is among the lowest in the industry as a result of our main asset being powered from shore. Our carbon intensity is currently around one sixth of the industry average(1) of 17 kg CO2/boe.
1) IOGP world average
> Renewables projects
