Lundin Petroleum AB (Lundin Petroleum) has announced that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has been awarded a total of 14 exploration licence interests in the 2017 Norwegian licensing round (Awards in Predefined Areas, APA).
The record-high award includes six licences in the North Sea, four licences in the Norwegian Sea and four licences in the southern Barents Sea. Six of the awarded licences will be operated by Lundin Norway.
The licence interests are detailed below and a map is included in the attachment.
| Licence | Lundin Norway licence interest |
| PL904 (Blocks 2/9, 3/7): PL167C (Block 16/1): PL914S (Ivar Aasen unit)(Block 16/1): PL916 (Blocks 16/2, 25/11): PL917 (Blocks 25/7, 10): PL919 (Block 25/4): PL934 (Blocks 6307/2, 5)*: PL935 (Block 6306/3): PL936 (Blocks 6306/2, 5): PL886B (Blocks 6307/1, 4)*: PL950 (Blocks 7020/1, 2, 7120/11)*: PL952 (Blocks 7124/5,6,8,9, 7125/4,5,6,7)*: PL954 (Blocks 7121/1,2,3, 7221/10, 11)*: PL533B (Block 7219/11)*: |
20% – North Sea 20% – North Sea 1.385% – North Sea 20% – North Sea 20% – North Sea 15% – North Sea 40% – Norwegian Sea 20% – Norwegian Sea 30% – Norwegian Sea 40% – Norwegian Sea 50% – Southern Barents Sea 60% – Southern Barents Sea 40% – Southern Barents Sea 35% – Southern Barents Sea |
*operator Lundin Norway
Lundin Petroleum is one of Europe’s leading independent oil and gas exploration and production companies with operations focused on Norway and listed on NASDAQ Stockholm (ticker “LUPE”).
Read more about Lundin Petroleum’s business and operations at www.lundin-petroleum.com