Lundin Petroleum Wins 10 Exploration Licenses

Lundin Petroleum AB announces that its wholly owned subsidiary Lundin Norway AS has been awarded 10 exploration licence interests in the 2011 Norwegian Licensing Round, (Awards in Predefined Areas, APA).

The awarded licences include one licence in the Greater Luno Area and two licences in the Barents Sea. Four of the awarded licences will be operated by Lundin Petroleum.

Lundin Petroleum is a Swedish independent oil and gas exploration and production company with a well balanced portfolio of world-class assets primarily located in Europe and South East Asia. The Company is listed at the NASDAQ OMX, Stockholm (ticker “LUPE”) and at the Toronto Stock Exchange (TSX) (Ticker “LUP”). Lundin Petroleum has proven and probable reserves of 211 million barrels of oil equivalent (MMboe).

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Offshore Nieuws Staff , January 19, 2012 ; Image: lundin petroleum