lundin petroleum

Statoil ASA has entered into an agreement with Lundin Petroleum AB (Lundin Petroleum) to divest its entire 15 percent interest in the Edvard Grieg field for an increased shareholding in Lundin Petroleum. The transaction also includes divestment of a 9 percent interest in the Edvard Grieg Oil pipeline and a …

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that Rosnedra, the Russian licensing authority has issued a production licence for Morskaya field located within the Lagansky Block in the Russian part of the Caspian Sea. The production licence is valid until 2035 and covers approximately 50 km². The Morskaya …

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that Mr. Nick Walker will join Lundin Petroleum’s management team as Senior Vice President Development and Operations. Mr. Walker will join Lundin Petroleum with immediate effect and will have the responsibility of overseeing all worldwide development projects as well as being …

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that it has entered into an agreement with Arawak Energy Russia BV (Arawak), to sell Lundin Petroleum’s entire interests in the Sotchemyu-Talyu and the North Irael Fields, Komi Region, Russia. Lundin Petroleum holds a 50 percent interest in each of the …

Third quarter ended 30 September 2013 (30 September 2012) Production of 29.4 Mboepd (36.6 Mboepd) – Reduced production due to the planned Alvheim FPSO shutdown in August and integrity issues on certain Alvheim wells. Revenue of MUSD 279.8 (MUSD 343.3) EBITDA of MUSD 222.1 (MUSD 273.6) Operating cash flow of …

Lundin Petroleum AB (Lundin Petroleum) will incur exploration expenses of approximately USD 19 million and non-cash impairment expenses of approximately USD 42 million for the third quarter 2013 (the Period) results. These expenses will be offset by a deferred tax credit of USD 16 million giving an after tax net …

Lundin Petroleum AB is pleased to announce the appointment of Mr Mike Nicholson as Chief Financial Officer (CFO) following the decision of Mr Geoff Turbott to step down for personal reasons following 10 years in this position. Mr Nicholson has worked for the Company since 2005 through various roles and …

Lundin Petroleum AB  is pleased to announce that Lundin Petroleum and its partner Gunvor Group (Gunvor) have entered into a Heads of Agreement with Rosneft Oil Company (Rosneft) to jointly sell 51 percent of LLC Petroresurs. LLC Petroresurs is the 100 percent owner of the Lagansky block licence located in …