Lundin Energy Norway, established in 2004 and headquartered at Lysaker outside central Oslo with an additional office in Harstad, operated as the Norwegian exploration and production subsidiary of Lundin Energy AB. The company focused exclusively on the Norwegian continental shelf, where Lundin Energy held 89 licences with core areas in the Utsira High and Alvheim regions of the North Sea and the Loppa High in the southern Barents Sea. Lundin Energy Norway’s strategy was to explore for and retrieve oil and gas resources, working closely with licence partners, authorities, other companies and stakeholders, and organising its activities in flexible, interdisciplinary project teams across exploration, development and production.
Operationally, Lundin Energy Norway played a central role in several major Norwegian offshore projects. Lundin Energy discovered the Johan Sverdrup field and held a 20 percent working interest in its development, participated in the Alvheim area hub, and operated the Edvard Grieg field on the Utsira High, which started production in 2015 and later delivered the world’s first independently certified carbon‑neutrally produced crude cargo. The company was one of the largest operated acreage holders and among the most active explorers in Norway, including increasing its working interest in the Barents Sea Wisting development to 35 percent, a project expected to be one of the largest future developments in that region.
Lundin Energy Norway operated within Lundin Energy’s broader strategy built on resilience, sustainability and growth, including an announced USD 800 million decarbonisation plan targeting carbon‑neutral operational emissions by 2023 and investments in large‑scale reforestation and bamboo‑based carbon capture projects. Elements of this climate strategy, including the company’s rebranding from Lundin Petroleum to Lundin Energy, have been criticised by some environmental organisations as greenwashing. At the end of 2020, Lundin Energy employed 448 people, the majority based in Norway, before the Norwegian business was combined with Aker BP and Lundin Energy Norway was renamed ABP Norway AS as a subsidiary of Aker BP ASA.
