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Lundin Wins Ten Licences in Norwegian Licensing Round

Source: www.gulfoilandgas.com 1/18/2011, Location: Europe

Lundin Petroleum AB is pleased to announce that its wholly owned subsidiary Lundin Norway AS has been awarded ten exploration licence interests in the 2010 Norwegian Licensing Round, (Awards in Predefined Areas, APA). The awarded licences include two licences in the Greater Luno Area and one licence in the Greater Alvheim Area. Six of the awarded licences will be operated by Lundin Petroleum.

The licence interests are detailed below.

- PL301D (Blocks 7/8, 11) *: 40% - North Sea
- PL409D (Blocks 16/10, 11)*: 70% - Greater Luno Area
- PL501B (Blocks16/3, 16/6)*: 40% - Greater Luno Area
- PL150B (Block 24/9): 35% - Greater Alvheim Area
- PL570 (Block 25/10): 30% - North Sea
- PL575 (Blocks 29/9, 30/7): 50% - North Sea
- PL576 (Blocks 30/9, 31/7)*: 60% - North Sea
- PL579 (Blocks 33/2, 33/3)*: 50% - North Sea
- PL583 (Blocks 6306/6, 7, 8, 9): 20% - Norwegian Sea
- PL584 (Blocks 6305/3, 6306/1, 6405/9, 12, 6406/7, 10)*: 60% - Norwegian Sea

*operator Lundin Petroleum

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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