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:
| Licence 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 maria.hamilton@lundin.ch Tel: +41 22 595 10 00 Tel: +46 8 440 54 50 Mobile: +41 79 63 53 641 | or | Teitur Poulsen VP Corporate Planning & Investor Relations Tel: +41 22 595 10 00 |
