Lundin Awarded 7 Licences in APA 2012

Lundin Petroleum AB  has been awarded seven exploration licence interests in the 2012 Norwegian Licensing Round (Awards in Predefined Areas, APA).

The awarded licences include four licences in the North Sea, two in the Norwegian Sea as well as one licence in Barents Sea. Two of the awarded licences will be operated by Lundin Petroleum.

The licence interests are detailed below.

  Lundin Petroleum licence interest.

PL203B (Block 25/4): 15% – Alvheim Area, North Sea

PL673 (Block 16/1): 60% – Greater Luno Area, North Sea

PL678S (Blocks 26/1, 2 & 4, 31/10): 20% – Northern Utsira High, North Sea

PL685 (Blocks 34/6, 35/1 & 4): 20% – Northern North Sea

PL694 (Blocks 6607/4, 5 & 6): 20% – Norwegian Sea

PL700 (Blocks 6206/11 & 12)*: 40% – Norwegian Sea

PL695 Blocks 7018/3, & 6, 7019/1)*: 40% – Barents Sea

* operator 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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Press Release, January 16, 2013