Swedish oil firm Lundin Petroleum expects to increase its resource estimate for the Alta discovery in Norway's Arctic region following a successful two-month production test.Finding significant oil reserves in the Norwegian Arctic has been challenging for oil firms…
Lundin Petroleum's Hurri exploration well in the Norwegian southern Barents Sea was dry. The well, 7219/12-3S, drilled using the Leiv Eiriksson semisubmersible drilling rig, in PL533, in the southern Barents Sea, was dry, says operator Lundin…
Ocean Rig's Leiv Eiriksson Yet another Barents Sea prospect has come up dry. Lundin Petroleum confirmed today that an exploration well on the Børselv prospect in PL609 on the Loppa High in the southern Barents Sea was a duster…
Lundin Petroleum has started drilling exploration well 7220/6-3 on the Børselv prospect in PL609 on the Loppa High in the southern Barents Sea. The Børselv prospect is estimated to contain gross unrisked prospective resources of 244 MMboe…
Lundin Petroleum is on the heels of beginning an active exploration drilling program in the southern Barents Sea with Ocean Rig’s Leiv Eiriksson semisubmersible. The program, which will begin with a multi-billion bbl prospect, includes spudding…
Lundin Petroleum's latest well on the Alta field in the southern Barents Sea has confirmed reservoir communication and qualities. Lundin is now planning a sidetrack well, which will help to plan for the drilling of a horizontal well for use as in an extended well test…
The Norwegian Petroleum Directorate (NPD) has granted Lundin Petroleum subsidiary Lundin Norway AS a drilling permit to drill a wildcat well in the Barents Sea. The company will drill well 7220/6-3 in Production License 609 using the Leiv Eiriksson semisubmersible…
Lundin Petroleum has received permission from Norway’s Petroleum Safety Authority (PSA) to drill an exploration well in the Barents Sea using the semisubmersible Leiv Eiriksson. The company will start drilling next month at Block 7220/6…
Statoil has sold its stake in International Petroleum Corp. (IPC) to Lundin Petroleum in a US$90.2 million deal. Lundin Petroleum BV (LPBV), IPC’s wholly-owned subsidiary, purchased 25.5 million shares of IPC, in addition to 22.8 million shares that belonged to Statoil…
Lundin Petroleum has gained regulatory consents and approvals to complete the internal reorganization to spin-off its assets in Malaysia, France and the Netherlands into International Petroleum Corp. (IPC). The reorganization was completed on 7 April 2017…
Lundin Petroleum terminated a US$265 million deal with M3nergy Investment for the sale of the Bertam floating production and storage offloading (FPSO) vessel after the Malaysian company failed to secure the required financing. The deal…
Statoil has completed a deal, selling 15% stake of the Edvard Grieg field to Lundin Petroleum, which will now increase the Norwegian giant’s shareholding in Lundin to 20.1%. The transaction also included the divestment of associated pipeline…
The Norwegian Ministry of Petroleum and Energy has granted approval for Lundin Norway to acquire an additional 15% interest in the Edvard Grieg field and interests in associated pipeline assets from Statoil. Lundin Petroleum expects to complete the deal on 30 June 2016…
Lundin Petroleum has agreed to acquire Statoil's 15% stake in the Edvard Grieg field in return for increasing its shareholding in Lundin. The deal, which inccreases Statoil's stake in Lundin from 11.93% to 20.1%, also includes Lundin…
Lundin Petroleum has announced that it has entered into a committed short term revolving credit facility (RCF) of US$300 million and received additional commitments of $135 million under the reserve-based lending (RBL) facility accordion…
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