19 Facts About Lundin Petroleum

Lundin Petroleum Energy had 671 million barrels of oil equivalent of proven plus probable reserves at the end of 2020 whereas contingent resources amounted to 276 MMboe.

Lundin Petroleum Energy is fully focused on Norway where the company holds 89 licenses.

In 2010, Lundin Petroleum Energy discovered the Johan Sverdrup oil field, one of the largest oil discoveries ever made on the Norwegian continental shelf.

Lundin Petroleum Energy has a 20 percent working interest in the Johan Sverdrup oil field development project.

Lundin Petroleum Energy is one of the largest operated acreage holders and has been one of the most active explorers in Norway over the past 10 years.

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In October 2021, Lundin Petroleum Energy announced it had acquired an additional 25 percent working interest in the Wisting development, increasing Lundin Petroleum Energy´s working interest to 35 percent.

Lundin Petroleum Energy is investing MUSD 800 to achieve carbon neutrality by 2023 from operational emissions.

Lundin Petroleum Foundation established and funded by the Lundin Petroleum Group of Companies.

Lundin Petroleum Energy is currently involved in a project with OHT on its Edvard Grieg field, to explore the potential of using wave energy to decarbonise production of oil and gas on platforms.

Lundin Petroleum has been involved in oil exploration and production for over thirty years.

Company was formed in 2001 following the takeover of Lundin Oil AB by Canadian independent Talisman Energy, Lundin Petroleum AB is a Swedish oil company traded on the Stockholm Stock Exchange.

In 2002, Lundin Petroleum acquired Coparex International from BNP Paribas, adding exploration and production assets in France, Netherlands, Tunisia, Venezuela, Indonesia and Albania to the existing portfolio.

In early 2003, Lundin Petroleum entered Norway for the first time by acquiring 75 percent of the shareholding in Norwegian OER oil.

In 2004, Lundin Petroleum acquired a portfolio of producing assets in the UK from DNO AS, doubling Lundin Petroleum's reserves to 21.

In 2014, Lundin Petroleum made an oil and gas discovery on the Alta prospect in PL609 on the Loppa High in the southern Barents Sea.

Lundin Petroleum case raises the issue of access to remedy and reparation for victims of human rights violations linked with business activities.

Lundin Petroleum Energy endorses the UN Guiding Principles on Business and Human Rights, acknowledging the duty of business enterprises to contribute to effective remedy of adverse impact that it has caused or contributed to.

Lundin Petroleum maintains a website about its activities in Sudan, as well as one that is dedicated to the criminal case.

Lundin Petroleum has confirmed that its CEO and chairman have been officially informed by the prosecutor about the allegation, noting that it believes that it is completely unfounded.