Lundin Norway awarded four licences in Norwegian licensing round

Lundin Norway awarded four licences in Norwegian licensing round

17 January 2017

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has been awarded four exploration licence interests in the 2016 Norwegian Licensing Round (Awards in Predefined Areas, APA). The awarded licences include one licence in the North Sea, two licences in the Norwegian Sea and one licence in the southern Barents Sea. Two of the awarded licences will be operated by Lundin Norway.

The licence interests are detailed below:

PL869 (Blocks 24/9, 12 and 25/7):
PL886* (Blocks 6306/6, 8, 9):
PL896 (Blocks 6610/2, 3 and 6611/1, 2):
PL902* (Blocks 7120/1, 2, 3, 4, 5, 6):
 Norway licence interest
20% – Central North Sea
40% – Norwegian Sea
20% – Norwegian Sea
50% – Southern Barents Sea

*operator Lundin Norway

Lundin Petroleum is a Swedish independent oil and gas exploration and production company with a well balanced portfolio of worldclass assets primarily located in Europe and South East Asia. The Company is listed on NASDAQ Stockholm (ticker “LUPE”). Lundin Petroleum has proven and probable reserves of 716.2 million barrels of oil equivalents (MMboe) as at 1 January 2016.

For further information, please contact:

Maria Hamilton
Head of Corporate Communications
Tel: +41 22 595 10 00
Tel: +46 8 440 54 50
Mobile: +41 79 63 53 641
orTeitur Poulsen
VP Corporate Planning & Investor Relations
Tel: +41 22 595 10 00

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