Lundin Petroleum allocated an increased unitised interest in Johan Sverdrup

Stockholm, 2015-07-02 08:32 CEST (GLOBE NEWSWIRE) --  

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that the Norwegian Ministry of Petroleum and Energy (the Ministry) has determined the allocation of resources in the Johan Sverdrup oil field and has decided to increase the unitised interest for Lundin Petroleum from 22.12 to 22.6 percent.

On the 13th February 2015 the partners in Johan Sverdrup together submitted the Plan of Development and Operation for Phase 1 to the Ministry and at the same time the majority of the partnership asked the Ministry to determine the final allocation of resource.

The Ministry’s allocation of resources is the following: Statoil, the operator, 40.0267 percent unitised interest, Lundin Petroleum 22.6 percent, Maersk Oil 8.44 percent, Petoro 17.36 percent and Det norske oljeselskap 11.5733 percent.


Lundin Petroleum is a Swedish independent oil and gas exploration and production company with a well balanced portfolio of world-class assets primarily located in Europe and South East Asia. The Company is listed on NASDAQ Stockholm (ticker "LUPE"). Lundin Petroleum has proven and probable reserves of 187.5 million barrels of oil equivalent (MMboe).

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This information has been made public in accordance with the Securities Market Act (SFS 2007:528) and/or the Financial Instruments Trading Act (SFS 1991:980).

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