Lundin Petroleum


All posts for Lundin Petroleum

Lundin Petroleum Successful Appraisal Well and Production Test on Rolvsnes

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has successfully completed the appraisal well 16/1-28S and production test on the Rolvsnes discovery in the PL338C on the Utsira High in the Norwegian North Sea. Highl ...

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Posted 27 days agoPress > Lundin Petroleumappraisal wellProduction +4

NPD: Delineation of the 16/1-12 (Rolvsnes) Oil Discovery in the North Sea – 16/1-28 S

Lundin Norway AS, operator of production licence 338C, has concluded the drilling of appraisal well 16/1-28 S. The well was drilled about one kilometre northeast of the discovery well, 16/1-12, and around 190 kilometres west of Stavanger. The 16/1-12 (Rolvsnes) discovery is located just south of ...

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Posted 27 days agoPress > NPDNorwayNorwegian Petroleum Directorate +7

Lundin Petroleum Johan Sverdrup Update

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce an update on the Johan Sverdrup development project in relation to a number of key metric improvements and submission of the Phase 2 plan for development and operation (PDO). A summary of the key updated metrics was provided by the op ...

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Posted 27 days agoPress > Lundin PetroleumJohan SverdrupPDO

Lundin Petrolem: Report for the Six Months Ended 30 June 2018

Record high quarterly EBITDA and operating cash flow. Production above guidance. Full year guidance increased to 78–82 Mboepd from previous guidance of 74–82 Mboepd. Operating cost of USD 3.30 per barrel for the first six months 2018. Full year guidance reduced to below USD 4 per barrel ...

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Posted 1 month agoPress > Lundin PetroleumProductionDrilling

Lundin Petroleum: Update on Second Quarter 2018 Financial Results

For the second quarter 2018, Lundin Petroleum AB (Lundin Petroleum) will expense pre-tax exploration costs of approximately MUSD 6, recognise a net foreign exchange loss of approximately MUSD 153 and realise a gross profit from marketing third party crude oil of MUSD 0.5. The profitability for t ...

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Posted 2 months agoPress > Lundin PetroleumFinancial Results

Successful Completion of Edvard Grieg Development Drilling Programme

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has successfully completed the PDO development drilling programme at its operated Edvard Grieg field on the Utsira High in the Norwegian North Sea. A significant reserves ...

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Posted 2 months agoPress > Lundin PetroleumDrillingEdvard Grieg field +5

Lundin Petroleum: Three Licences Awarded in the 24th Licensing Round in Norway

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has been awarded three exploration licences in the 24 th licensing round in Norway. All of the licences are located in the southern Barents Sea  with one of the licence ...

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Posted 3 months agoPress > NorwayLundin PetroleumOffshore +4

Lundin Petroleum Has Successfully Re-Negotiated Improved Borrowing Terms

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that it has successfully re-negotiated improved borrowing terms in relation to its USD 5 billion reserve-based lending facility (RBL facility). The excellent operational performance over recent years has enabled Lundin Petroleum ...

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Posted 3 months agoPress > Lundin PetroleumBorrowing TermsRBL

Lundin Petroleum: Update on First Quarter 2018 Financial Results

Lundin Petroleum AB (Lundin Petroleum) will recognise a net foreign exchange gain of approximately MUSD 162 for the first quarter of 2018. The Norwegian Krone and the Euro strengthened against the US Dollar by approximately 5 and 3 percent respectively during the first quarter of 2018. The forei ...

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Posted 5 months agoPress > Lundin PetroleumFinancial Results

Lundin Petroleum: Drilling for Extended Well Testing Commenced on Alta

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has commenced drilling well 7220/11-5 on the Alta discovery in PL609 in the southern Barents Sea. Following drilling, the well will be used for extended well testing. T ...

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Posted 5 months agoPress > DrillingwellWest Test +7

Lundin Petroleum Publishes Annual and Sustainability Reports for 2017

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that the Annual and Sustainability Reports for 2017 have been published and are now available to download on www.lundin-petroleum.com 2017 was an inflection year for Lundin Petroleum with record high operating cash flow leading to fre ...

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Posted 5 months agoPress > Lundin PetroleumAnnual Report

Breaking number of licenses awarded in the award round, Norway shows the potential of mature basins

Analysis of Norway's upstream oil and gas industry shows that the country currently has 887 licensed blocks, of which 529 blocks are in the shallow water terrain and 358 are in deepwater terrain, according to GlobalData , a leading data and analytics company. Statoil ASA, Petoro AS and Aker BP ...

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Posted 6 months agoPress > NorwayupstreamMature Basins +5

Lundin Petroleum: Year-End Report 2017

Stockholm, 2018-02-01 07:30 CET (GLOBE NEWSWIRE) -- Lundin Petroleum reports excellent results for 2017. Full year production at record level and at low cash operating costs resulted in highest operating cash flow and EBITDA to date. Following these strong results, Lundin Petroleum's Board of Dire ...

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Posted 7 months agoPress > Lundin PetroleumAnnual Report

Lundin Petroleum Announces Reserves and Contingent Resources Update

Stockholm, 2018-01-22 08:00 CET (GLOBE NEWSWIRE) -- Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that as at 31 December 2017, its proved plus probable net reserves (2P reserves) are 726 million barrels of oil equivalent (MMboe), its proved plus probable plus possible net reserves ...

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Posted 8 months agoPress > Lundin PetroleumResources UpdateSweden

Lundin Petroleum: Update on Fourth Quarter 2017 Financial Results

Lundin Petroleum AB (Lundin Petroleum) will expense pre-tax exploration costs of approximately MUSD 31 and recognise a net foreign exchange loss of approximately MUSD 69 as well as an after tax loss on sale of assets of MUSD 15 for the fourth quarter of 2017. The profitability for the fourth quar ...

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Posted 8 months agoPress > Lundin PetroleumFinancial Resultsexploration