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Lundin Awarded 9 Licences in Norwegian Licensing Round

Source: www.gulfoilandgas.com 1/21/2014, Location: Europe

Lundin Petroleum AB is pleased to announce that its wholly owned subsidiary Lundin Norway AS has been awarded nine exploration licence interests in the 2013 Norwegian Licensing Round (Awards in Predefined Areas, APA). The awarded licences include five licences in the North Sea and four licences in the Barents Sea. Four of the awarded licences will be operated by Lundin Petroleum.

The licence interests are detailed below.
PL148B (Block 7/8)*: 90% - Southern North Sea
PL734 (Block 10/4): 30% - Southern North Sea
PL736 S (Block 25/7): 15% - Alvheim Area, North Sea
PL678 BS (Block 26/1): 20% - Northern North Sea
PL741 (Block 31/4,5): 20% - Northern North Sea
PL767 (Blocks 7120/3 & 7121/1,2,4)*: 60% - Barents Sea
PL766 (Blocks 7119/9,12 & 7120/7,10)*: 40% - Barents
PL764 (Blocks 7019/2,3)*: 40% - Barents Sea
PL765 Blocks 7019/2,3 & 7119/12 & 7120/10): 20% - Barents 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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