Search results for: Lundin petroleum

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  • 9 March 2011
    Business & Finance

    Lundin Petroleum AB (Lundin Petroleum) announced that its shares have been conditionally approved for listing on the Toronto Stock Exchange (“TSX”). Lundin Petroleum’s shares will trade on the TSX under the symbol “LUP”. The Company’s shares will also continue to trade on the NASDAQ OMX, Stockholm under the symbol “LUPE”. Subject to meeting the final […]

  • 20 April 2015
    Business & Finance

    Lundin Petroleum AB (Lundin Petroleum) has announced that Nick Walker will join Lundin Petroleum’s management team as Senior Vice President Development and Operations. According to the company, Walker will join Lundin Petroleum with immediate effect and will have the responsibility of overseeing all worldwide development projects as well as being a member of Lundin Petroleum’s Investment Committee. […]

  • 7 December 2010
    Business & Finance

    Lundin Petroleum AB (“Lundin Petroleum”)  announces that it has been awarded a new production sharing contract (PSC) for the South Sokang Block by MIGAS, the Indonesian oil and gas regulating authority, in Jakarta on December 6, 2010. The block is located in the Natuna Sea, offshore Indonesia. The South Sokang Block covers an area of […]

  • 13 February 2017
    Business & Finance

    Swedish oil company Lundin Petroleum has proposed to spin-off its assets in Malaysia, France and the Netherlands into a newly formed company called International Petroleum Corporation (IPC). Lundin will then distribute the IPC shares, on a pro-rata basis, to Lundin Petroleum shareholders. The company informed on Monday that, subject to certain conditions, all of the shares […]

  • 22 June 2015
    Business & Finance

    Lundin Petroleum has appointed Alex Schneiter as President and Chief Executive Officer (CEO) of Lundin Petroleum following Ashley Heppenstall’s decision to step-down from his executive position with the company, all to be effective as of October 1, 2015. Ashley Heppenstall has recently advised the Board of his decision to step-down as President and CEO of […]

  • 3 May 2016
    Business & Finance

    Norwegian oil giant Statoil has entered into an agreement with Lundin Petroleum to divest its entire 15 percent interest in the Edvard Grieg field, in the central North Sea, for an increased shareholding in Lundin Petroleum. To remind, Statoil already acquired 37,101, 561 shares in Lundin Petroleum at a total purchase price of approximately SEK 4.6 […]

  • 24 August 2012
    Business & Finance

    Lundin Petroleum has announced that Teitur Poulsen will assume the position of VP Corporate Planning & Investor Relations effective 3 September 2012 and will assume overall responsibility for investor relations as well as corporate development. Teitur Poulsen re-joins Lundin Petroleum from Det norske oljeselskap ASA where he has served as Chief Financial Officer for the […]

  • 30 May 2011
    Business & Finance

      Lundin Petroleum AB (Lundin Petroleum) reports that production from the Alvheim field (Lundin Petroleum working interest (WI) 15%) and the Volund field (Lundin Petroleum WI 35%), offshore Norway was shut down for 13 days in May due to unscheduled maintenance on the Alvheim FPSO. The shut down was required in order for the operator […]

  • 21 July 2010

    Lundin Petroleum AB (Lundin Petroleum)  announces that drilling of exploration well 16/2-6 on the Avaldsnes prospect has commenced. The well is located in Block 16/2, production licence PL501, in the central North Sea sector of the Norwegian Continental Shelf (NCS). The Avaldsnes prospect is located approximately 25 km east of the Lundin Petroleum operated Luno […]

  • 17 May 2011
    Business & Finance

      Lundin Petroleum AB (Lundin Petroleum) announces that it has commenced its Malaysian drilling campaign with the spud of the Tarap-1 well in the SB 303 Block offshore Sabah, East Malaysia. The well will target Miocene sandstones in the Kindu sub basin. The well will be drilled with the Offshore Courageous rig in a water […]

  • 19 July 2011
    Business & Finance

      Lundin Petroleum AB (Lundin Petroleum) announces that drilling of appraisal/exploration well 16/2-8 on the Aldous Major South structure has commenced. The well is located in licence PL265 in the Norwegian North Sea. The Aldous Major South structure is believed to be the western continuation of the Lundin Petroleum operated PL501 Avaldsnes discovery into PL265, […]

  • 2 May 2018
    Business & Finance, Project & Tenders

    Swedish oil and gas company Lundin Petroleum saw its revenue and net profit rise in the first quarter on the back of better than expected production levels.

  • 11 February 2008

    Lundin Petroleum AB (“Lundin Petroleum”) is pleased to announce that its wholly owned subsidiary Lundin Norway AS has been awarded seven new exploration licence interests in the 2007 Norwegian APA Licencing Round. These include four licences which will be operated by Lundin Petroleum. The licence interests detailed below are located in the North Sea, the […]

  • 25 March 2011
    Business & Finance

    Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its shares commenced trading on Thursday, 24 March 2011 on the Toronto Stock Exchange (“TSX”) under the symbol “LUP”. Lundin Petroleum’s shares also continue to trade on the NASDAQ OMX, Stockholm under the symbol “LUPE”. Lundin Petroleum is a Swedish independent oil and gas exploration […]

  • 30 July 2013

    Lundin Petroleum  has entered into a production sharing contract (PSC) amendment with SKKMigas to substitute the existing Sareba Block acreage with new acreage named Cendrawasih VII (CVII), offshore north eastern Indonesia. Under the amended agreement, Lundin Petroleum is awarded the new Block acreage as a result of the existing Block acreage being declared a protected […]

  • 25 June 2012
    Business & Finance

    Swedish exploration and production company Lundin Petroleum has entered into a fully committed 7-year senior secured revolving credit facility of USD 2.5 billion. This senior secured facility is revolving in order to adjust to Lundin Petroleum group financing needs. This facility will provide the necessary financial flexibility to carry out Lundin Petroleum’s development and exploration […]

  • 30 December 2010
    Business & Finance

    Lundin Petroleum AB  has completed the sale of its non-operated interests in the Salawati Basin and Island assets, located in the eastern part of Indonesia, to RH Petrogas (“RHP”). Lundin Petroleum and RHP, a company listed on the Singapore Stock Exchange (“SGX”), completed the transaction on 29 December 2010 for a consideration of MUSD 37.1 […]

  • 22 March 2011
    Business & Finance

    Lundin Petroleum AB nnounces that it has been awarded a new production sharing contract (PSC) for the Gurita Block by MIGAS, the Indonesian oil and gas regulating authority, in Jakarta on 18 March 2011. The block is located in the Natuna Sea, offshore Indonesia. The Gurita Block covers an area of approximately 8,018 km2. The […]

  • 7 September 2011
    Business & Finance

    Lundin Petroleum AB (Lundin Petroleum) announced that drilling of the exploration well Mindou Marine-1, located offshore in Block Marine XI Congo-Brazzaville, has commenced. The planned depth is approximately 3400 metres below mean sea level and the well will be drilled by using the semi-submersible drilling rig ENSCO 5003. The drilling operation is expected to take […]

  • 22 April 2016

    Swedish oil company Lundin Petroleum will expense pre-tax exploration costs of approximately $71 million and recognise a net foreign exchange gain of approximately $159 million for the first quarter of 2016. The company said on Friday that the profitability for the first quarter of 2016 would be impacted by certain expensed exploration costs as well […]

  • 23 December 2011
    Business & Finance, Operations & Maintenance

    Lundin Petroleum AB (Lundin Petroleum) announces the completion of the Makouala Marine-1 well in Block Marine XIV, offshore Congo (Brazzaville). The Makouala Marine-1 well, in Block Marine XIV offshore Congo (Brazzaville), has encountered limited oil bearing pay in the target Sendji formation reservoirs. This well was the second of a two to three well campaign […]

  • 11 November 2011
    Business & Finance

    Lundin Petroleum​ AB (“Lundin Petroleum”) through its wholly owned subsidiary Lundin Norway AS announces the approval from the Norwegian Ministry of Petroleum and Energy of the Plan for Development and Operation (PDO) for the Brynhild field in PL148, located in the Norwegian North Sea. First production from the Brynhild field is expected in late 2013. […]