Lundin Petroleum has cut its resource estimate for the Alta oil discovery in the Norwegian Arctic, and no longer sees Alta and the nearby Gohta find as commercially viable for a joint field development, the Swedish company said on Monday.The company…
Swedish oil firm Lundin Petroleum , a partner in Norway's giant Sverdrup oilfield, posted a smaller-than-expected decline in third-quarter earnings on Thursday, while raising output forecasts and cutting capital spending guidance.Earnings before interest…
Norwegian energy company Equinor said it has completed the sale of shares in Swedish independent Lundin Petroleum and acquisition of greater interest in the giant Johan Sverdrup field offshore Norway following all conditions being met, including government and regulator approvals…
Norwegian oil and gas firm Equinor ASA on Sunday said it will sell a 16% stake in Lundin Petroleum AB for about $1.56 billion, and in return acquire an additional 2.6% stake in Johan Sverdrup oilfield.Equinor agreed to sell about 54.5 million Lundin shares at a price of 266…
The Norwegian Ministry of Petroleum and Energy has granted final approval for the plan for development and operation (PDO) for the Solveig field, operator Lundin Petroleum announced on Wednesday.The Solveig field is the first tieback development…
Lundin Petroleum on Wednesday announced its plans to develop the Solveig oilfield, formerly known as Luno II, offshore Norway, with startup planned in 2021.The Solveig oil discovery in PL359, is located in the Norwegian sector of the North Sea…
Offshore driller Northern Drilling, part of John Fredriksen's Seadrill, has won a contract for its harsh environment newbuild semi-submersible rig West Bollsta with Lundin Petroleum in Norway.The drilling for ten-well program includes the development…
Europe’s independent oil and gas exploration and production company Lundin Petroleum announced that its wholly owned subsidiary Lundin Norway has been awarded a total of 15 exploration licence interests in the 2018 Norwegian licensing round (Awards in Predefined Areas…
Lundin Petroleum AB through its wholly-owned subsidiary Lundin Norway has entered into an agreement with Equinor Energy, under which Lundin Norway will acquire Equinor’s entire 15 percent working interest in the Lundin Norway operated licence PL359…
Swedish oil firm Lundin Petroleum expects to increase its resource estimate for the Alta discovery in Norway's Arctic region following a successful two-month production test.Finding significant oil reserves in the Norwegian Arctic has been challenging for oil firms…
Ocean Rig's Leiv Eiriksson Yet another Barents Sea prospect has come up dry. Lundin Petroleum confirmed today that an exploration well on the Børselv prospect in PL609 on the Loppa High in the southern Barents Sea was a duster…
Lundin Petroleum is on the heels of beginning an active exploration drilling program in the southern Barents Sea with Ocean Rig’s Leiv Eiriksson semisubmersible. The program, which will begin with a multi-billion bbl prospect, includes spudding…
The Norwegian Petroleum Directorate (NPD) has granted Lundin Petroleum subsidiary Lundin Norway AS a drilling permit to drill a wildcat well in the Barents Sea. The company will drill well 7220/6-3 in Production License 609 using the Leiv Eiriksson semisubmersible…
Statoil has sold its stake in International Petroleum Corp. (IPC) to Lundin Petroleum in a US$90.2 million deal. Lundin Petroleum BV (LPBV), IPC’s wholly-owned subsidiary, purchased 25.5 million shares of IPC, in addition to 22.8 million shares that belonged to Statoil…
Lundin Petroleum's latest appraisal well on the Gohta field, in the Barents Sea, has had disappointing results, resulting in a downgrade in the field's resource estimate. Appraisal well 7120/1-5, in PL492, was 4km north of the original…
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