Lundin Petroleum AB (“Lundin Petroleum” or the “Company”) has received notification from the Swedish Prosecution Authority on 1 November 2018 that the Company may be liable to a corporate fine (Sw. företagsbot) and forfeiture of economic benefits (Sw. förverkande av ekonomiska fördelar) in connection with the preliminary investigation into past operations in Sudan from 1997 to 2003.
The timeframe for a decision as to whether and when any corporate fine or forfeiture may be imposed remains uncertain but would only be incurred at the conclusion of a trial, if any, of matters currently under investigation. Fully in line with the Company's position that there are absolutely no grounds for any allegations of wrongdoing by any Company representatives, the Company will firmly contest any corporate fine and forfeiture of economic benefits.
In June 2010, the Swedish Prosecution Authority initiated a preliminary investigation into alleged complicity in violations of international humanitarian law in Sudan during 1997–2003. The investigation is now in its ninth year. Lundin Petroleum and its representatives have cooperated extensively and proactively with the investigation by providing information regarding the past operations in Sudan and by participating in interviews.
Lundin Petroleum remains convinced that there are absolutely no grounds for any allegations of wrongdoing by any Company representatives and strongly believes that it was a force for development in Sudan. For more information on the Company's past activities in the region, please visit www.lundinhistoryinsudan.com