Lundin Petroleum AB has entered into an agreement with Talisman Energy Norge AS to acquire an additional 30 percent interest in PL148 containing the Brynhild field (previously knowns as Nemo), offshore Norway. Following the acquisition, Lundin Petroleum will hold a 100 percent interest in PL148. In November 2011, Lundin also acquired 20% interest in Brynhild [...]
Swedish Lundin Norway AS has exercised the option for an additional well with Dolphin Drilling AS, a subsidiary of Fred. Olsen Energy ASA, for use of the semi-submersible drilling unit Bredford Dolphin. The well will be in direct continuation with current contract with Lundin Norway AS. The contract value for the exercised option is approximately [...]
Petroleum Safety Authority Norway has granted consent to Lundin Petroleum for exploration drilling in the Norwegian part of the North Sea with the Bredford Dolphin offshore drilling rig. The consent relates to the drilling of exploration well 6201/11-3 which is part of production licence 519 with Lundin Norway AS as the operator. The planned position [...]
Lundin Petroleum, a Swedish independent oil and gas exploration and production company says that its net working interest production forecast for 2012 is between 32,000 and 38,000 barrels of oil equivalent per day (boepd). The company’s production for 2011 is forecast at approximately 33,200 boepd which is at the upper end of the previous guidance of [...]
The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 16/2-11, cf. Section 8 of the Resource Management Regulations. Well 16/2-11 will be drilled from the Bredford Dolphin drilling facility at position 58°48’13.06’’N 02°33’19.92’’E following completion of drilling of wildcat well 16/5-2 for Lundin Norway AS in production licence 501. The [...]
January 20, 2012 | Posted in
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Minister of Petroleum and Energy Ola Borten Moe received the Plans for development and operation (PDO) for the oil and gas discoveries Hild and Luno Thursday. Total is the operator of the Hild development, and Lundin is the operator of Luno. – Through these developments, two new companies will become operators of independent fields and [...]
Lundin Norway AS has awarded Kvaerner an EPC contract of approximately NOK 1.1 billion (USD 185,3 million) for delivery of a steel jacket to be located at the Luno field, production license PL338, offshore the Norwegian North Sea. “Jacket structures are core business for Kvaerner and I am very pleased that we have won this [...]
January 19, 2012 | Posted in
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Lundin Petroleum has, with its partners Wintershall Norge ASA (Wintershall) and RWE Dea Norge AS (RWE Dea), submitted a plan for development and operation (PDO) for the Luno field to the Norwegian Ministry of Petroleum and Energy (the Ministry). Lundin Petroleum is in ongoing negotiations with Det norske Oljeselskap ASA, operator of license PL001B, in [...]
January 19, 2012 | Posted in
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A Swedish independent oil and gas exploration and production company, Lundin Petroleum announced the successful results of Bertam-2 appraisal well in the PM307 Production Sharing Contract (PSC) area, offshore Peninsular Malaysia. Bertam-2 was drilled to a total depth of 1,884 metres by the jack-up rig “Offshore Courageous”, owned by Seadrill. The objectives of the well [...]
January 19, 2012 | Posted in
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Lundin Petroleum has been awarded 10 exploration licence interests in the 2011 Norwegian Licensing Round, (Awards in Predefined Areas, APA). Minister of Petroleum and Energy Ola Borten Moe described APA 2011 as the most extensive licensing round ever undertaken on the Norwegian continental shelf. The awarded licences include one licence in the Greater Luno Area and [...]
