Lundin Petroleum


All posts for Lundin Petroleum

Lundin Petroleum: Report for the Nine Months Ended 30 September 2018

Highlights Record high quarterly free cash flow generation of approximately MUSD 230 Production for the nine month period in line with mid-point of revised full year guidance: 78–82 Mboepd Operating cost of USD 3.49 per barrel for the nine month period, full year guidance adjusted down to bel ...

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Posted 12 days agoPress > Lundin PetroleumEarningsResults +2

Lundin Petroleum Receives Information Regarding a Potential Corporate Fine and Forfeiture of Economic Benefits in Relation to Past Operations in Sudan

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 connect ...

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Posted 19 days agoPress > Lundin PetroleumFineSudan +1

London Petroleum Update on Third Quarter 2018 Financial Results and Webcast Details for 7 November 2018

Lundin Petroleum AB (Lundin Petroleum) will publish its financial report for the third quarter 2018 on Wednesday 7 November. For the third quarter 2018, Lundin Petroleum will recognise a net foreign exchange loss of approximately MUSD 11 and the income associated with the Alta extended production ...

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Posted 26 days agoPress > Lundin PetroleumFinacial ResultsEarnings

Update on Third Quarter 2018 Financial Results and Webcast Details for 7 November 2018

Lundin Petroleum AB (Lundin Petroleum) will publish its financial report for the third quarter 2018 on Wednesday 7 November. For the third quarter 2018, Lundin Petroleum will recognise a net foreign exchange loss of approximately MUSD 11 and the income associated with the Alta extended production ...

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Posted 26 days agoPress > Lundin PetroleumResultsEarnings

Acquisition Consolidating the Luno II and Edvard Grieg Ownerships

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly-owned subsidiary Lundin Norway AS (Lundin Norway) has entered into an agreement with Equinor Energy AS (Equinor), under which Lundin Norway will acquire Equinor's entire 15 percent working interest in the Lundin Norway ...

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Posted 1 month agoPress > Lundin PetroleumEdvard Grieg fieldAcquisition +4

Lundin Petroleum: Successful Appraisal Well and Extended Production Test on Alta

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has successfully completed the Alta appraisal well 7220/11-5 and extended production test in PL609 in the southern Barents Sea. Highlights: Results were better than ...

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Posted 1 month agoPress > Lundin Petroleumappraisal wellwell +7

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 2 months 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 2 months 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 2 months 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 3 months 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 4 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 4 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 5 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 5 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 7 months agoPress > Lundin PetroleumFinancial Results