Lundin Petroleum AB – Energy Northern Perspective

Cost curve for discovered resources under different tax regimes in Norway (source: Rystad Energy research and analysis)

Norway tax relief to cut breakevens by 40%, boosting the country’s rig demand while the UK’s plunges

26 June 2020 Editor 0

A Rystad Energy assessment of the temporary tax relief package for the petroleum industry that Norway recently approved reveals that the move will improve exploration and production companies’ short-term liquidity and reduce breakeven prices for […]

The Johan Sverdrup field in the North Sea

Johan Sverdrup partners looking to reach production ramp-up earlier than expected

30 March 2020 Editor 0

The North Sea Johan Sverdrup field expects to reach plateau production for the first phase in early May, earlier than anticipated. Due to higher plant capacity, plateau production will increase from around 440,000 barrels of […]

DNV GL technical advisor for Finnish wind farm acquisition

25 March 2020 Editor 0

DNV GL has acted as technical advisor to Lundin Petroleum and Sval Energi in their acquisition of the 132 MW Metsälamminkangas (MLK) wind farm in Vaala, North Ostrobothnia, Finland. MLK consists of 24 GE Renewable […]

Farm down of Finland wind farm project to join forces with Sval Energi

20 March 2020 Editor 0

Lundin Petroleum AB has announced that is has successfully farmed down 50% of its Metsälamminkangas (MLK) wind farm project, in mid Finland to Sval Energi AS, a portfolio company of HitecVision. As announced on 31 […]

The oil and gas industry’s place in the energy transition

29 January 2020 Michael Rogers 2

The recent oil and gas industry report from the International Energy Agency (IEA), The Oil and Gas Industry in Energy Transitions – Insights from IEA analysis, includes a strong argument for how the industry needs […]

Lundin launches Decarbonisation Strategy targeting carbon neutrality by 2030

27 January 2020 Editor 0

Lundin Petroleum AB has announced the launch of its Decarbonisation Strategy, which targets carbon neutrality by 2030. In relation to this, and to better reflect the business today and the clear actions and targets towards […]

Lundin awarded 12 licences in the Norwegian licensing round

15 January 2020 Editor 0

Lundin Petroleum AB has announced that its wholly owned subsidiary Lundin Norway AS has been awarded a total of 12 exploration licence interests in the 2019 Awards in Predefined Areas (APA) licensing round, in Norway. […]

Lundin Petroleum announces increased reserves for sixth consecutive year

13 January 2020 Editor 0

Lundin Petroleum AB has announced that as at 31 December 2019, its proved plus probable net reserves (2P reserves) are 693 million barrels of oil equivalent (MMboe), its proved plus probable plus possible net reserves […]

The Johan Sverdrup field in the North Sea (photo: Equinor ASA – Espen Rønnevik/Øyvind Gravås)

Production begins at North Sea giant Johan Sverdrup

7 October 2019 Editor 0

On 5 October Equinor and the Johan Sverdrup partnership consisting of Lundin Norway, Petoro, Aker BP and Total, started production from the giant field in the North Sea, more than two months ahead of and […]

Equinor and Lundin complete Johan Sverdrup field transaction

30 August 2019 Editor 0

Equinor and Lundin have completed both parts of the transaction announced on 7 July 2019. This follows all transaction conditions being met, including government and regulatory approvals. The overall result is that Equinor has divested […]