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Lundin Petroleum

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Tiedotteet
14.10.
2020


Lundin Energy AB (Lundin Energy), will publish its financial report for the third quarter 2020 on Friday, 30 October 2020. For the third quarter 2020, Lundin Energy will recognise a net foreign exchange gain of approximately MUSD 143.

Tiedotteet
12.10.
2020

Lundin Energy AB (Lundin Energy) announces that following a settlement between the Norwegian labour union, Lederne and the Norwegian Oil and Gas Association (NOROG), the strike which threatened to shutdown the Johan Sverdrup field on 14 October 2020, has been called off and operations will continue as normal.


Tiedotteet
7.10.
2020

Lundin Energy AB (Lundin Energy) announces that due to the ongoing strike action by the Norwegian labour union Lederne, there is a risk that the Johan Sverdrup field will have to temporarily shut down production upon the next crew rotation on 14 October 2020.

It is hoped that the Norwegian Oil and Gas Association (NOROG) and Lederne, in the intervening period, may reach a settlement and avert a temporary shutdown of Johan Sverdrup.

None of Lundin Energy’s other producing fields have been impacted by the Lederne strike action.

 

Tiedotteet
5.10.
2020

Lundin Energy AB is pleased to announce that its wholly-owned subsidiary, Lundin Energy Norway AS (together Lundin Energy), has entered into an agreement with Idemitsu Petroleum Norge AS (IPN) to acquire interests in a portfolio of licences in the Barents Sea, including a 10 percent working interest in the Wisting oil discovery and a further 15 percent working interest in the Alta oil discovery.

Highlights

Tiedotteet
29.9.
2020

Lundin Energy AB (Lundin Energy) is pleased to announce that due to the continued outperformance of the Edvard Grieg field, the gross proved plus probable (2P) reserves have been increased by approximately 50 million barrels of oil equivalent (MMboe), lifting the gross 2P ultimate recovery for the field to 350 MMboe1, 2. The expected plateau production period from the Greater Edvard Grieg Area, which also includes the Solveig Phase 1 and Rolvsnes Extended Well Test (EWT) developments, has been extended by a further year to late 2023.

Tiedotteet
28.9.
2020

Lundin Energy AB (Lundin Energy) announces that the third quarterly instalment of the dividend of USD 0.25 per share will amount to SEK 2.28 per share, with a total amount of MSEK 648, corresponding to approximately MUSD 71.

Information about the third quarterly instalment of the dividend:

Tiedotteet
21.8.
2020

Lundin Energy AB (Lundin Energy) is pleased to announce the appointment of Daniel Fitzgerald as Chief Operating Officer (COO) of Lundin Energy, effective 1 January 2021.

Tiedotteet
18.8.
2020


Lundin Energy AB (Lundin Energy) is pleased to announce that the Board of Directors has appointed Nick Walker as President and Chief Executive Officer (CEO) of Lundin Energy following Alex Schneiter’s decision to step-down from the position. This will become effective as of 1 January 2021.

Tiedotteet
29.7.
2020
  • Despite very low oil prices, free cash flow was positive from the oil and gas operations in second quarter and over MUSD 380 free cash flow for the six months period
  • Record quarterly production of 162.9 Mboepd in the second quarter
  • Accelerated ramp up and increased phase 1 plateau production at Johan Sverdrup; phase 1 capacity of 470 Mbopd to be tested for further upside, during second half of this year
  • Significant increase in liquidity during the period from cost reductions and phasing, tax incentives and additional debt facilities
  • Continued out pe
Tiedotteet
15.7.
2020

Lundin Energy AB (Lundin Energy) will publish its financial report for the second quarter 2020 on Wednesday, 29 July 2020. For the second quarter 2020, Lundin Energy will expense pre-tax exploration costs of approximately MUSD 19 and recognise a net foreign exchange gain of approximately MUSD 131.

Lundin Petroleum

Lundin Petroleum

Lundin Petroleum is one of Europe's leading independent oil and gas exploration and production companies with operations focused on Norway