In a future aligned with a 2-degree pathway, oil still plays an important role and is estimated to account for around 23% of the global energy mix in 2040, compared to 31% today. But in order to meet both future energy demand and climate targets, it is critical to decarbonise the production of oil and gas as much as possible.(Logo quoted from Yahoo’s image)

Lundin Energy’s carbon intensity per barrel of oil produced is approximately a sixth of the industry world average and the company will be one of the first oil and gas companies to achieve carbon neutrality from 2025.

To achieve carbon neutrality across operational emissions, Lundin Energy Norway’s key focus is on decarbonising extraction and production activities. The company is collaborating with Ocean Harvesting Technologies through a new R&D study on how installation of wave energy converters could potentially provide clean, stable and cost-effective electricity to an offshore oil and gas platform.

The one-year project will run until February 2022 and will provide valuable data and information on how to electrify major offshore operations with wave power, as well as setting both Ocean Harvesting Technologies and Lundin Energy Norway at the forefront of decarbonisation of oil and gas production in support of the shift to a lower carbon and sustainable energy future.

(IRuniverse)