| LUNDIN PETROLEUM’S STATEMENT ON CLIMATE CHANGE
Lundin Petroleum is committed to explore for and produce oil and gas in an economically, socially and environmentally responsible way. The Company’s mission is to meet the ever increasing demand for energy; it is committed to fulfill this mission by taking into consideration the potential impact of its activities on people and the environment.
In the context of climate change, the Company assesses its activities from an environmental impact perspective on a regular basis and develops mechanisms to increase its energy efficiency and /or to reduce greenhouse gas emissions.
Lundin Petroleum’s approach, when carrying out its operations, is to use the most economically and environmentally efficient means. It adheres to the BAT (Best Available Technique) principle in order to minimize emissions, such as heat recovery, variable speed drives on large pumps and compressors, closed flare, low NOX turbines, etc. In addition, the Company participates in the Emissions Trading Scheme in countries where the system is in place, such as Norway.
Lundin Petroleum considers that only concerted action, not only on the part of energy producers, but on the part of consumers as well, will be able to achieve a notable change in current emission patterns.