Lundin Norway Awarded Four Exploration Licenses In Norway

Lundin Petroleum AB (Lundin Petroleum) said Tuesday that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has been awarded four exploration license interests in the 2016 Norwegian Licensing Round (Awards in Predefined Areas, APA).

Lundin Petroleum is a Swedish independent oil and gas exploration and production company.

The awarded licenses include one license in the North Sea, two licenses in the Norwegian Sea and one license in the southern Barents Sea. Two of the awarded licenses will be operated by Lundin Norway.

License Lundin                                        Norway license interest
PL869 (Blocks 24/9, 12 and 25/7):            20% – Central North Sea
PL886* (Blocks 6306/6, 8, 9):                    40% – Norwegian Sea
PL896 (Blocks 6610/2, 3 and 6611/1, 2):  20% – Norwegian Sea
PL902* (Blocks 7120/1, 2, 3, 4, 5, 6):        50% – Southern Barents Sea

*operator Lundin Norway

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