Lundin Petroleum

Lundin Petroleum

Infobox Company
company_name = Lundin Petroleum AB
company_
company_type = Public (OMX|SSE22335|LUPE)
foundation = 2001
location = Stockholm, Sweden
key_people = Adolf H. Lundin (Founder), Ashley Heppenstall (President and CEO), Ian H. Lundin (Chairman of the board)
industry = Petroleum
operating_income = profit SEK 5,484 million (2007)cite web |url=http://www.lundin-petroleum.com/Documents/qr_4_2007_e.pdf |title=Annual Report 2007 |accessdate=2008-04-14 |publisher=Lundin Petroleum]
net_income = profit SEK 952 million (2007)
homepage = [http://www.lundin-petroleum.com/eng/index.php www.lundin-petroleum.com]
intl = yes

Lundin Petroleum is an independent international petroleum company based in Sweden.

Overview

Created in 2001 following the takeover of Lundin Oil AB by Canadian independent Talisman Energy, Lundin Petroleum AB is a Swedish oil company traded on the Stockholm Stock Exchange. The company owns IPC (International Petroleum Corporation), through which it had a 40.375% share in Block 5A in the Sudanese Muglad oil fields. It also retains a 24.5 percent interest in Block 5B. In the summer of 2003, Lundin Petroleum sold its working interest in Block 5A to Petronas Carigali for USD 142.5 million. In 1998 the company discovered the En Naga North and West field in southern part of the Sirte Basin, Libya. After a successful appraisal program in 1998 and 1999 the field was declared. The commercial and development program commenced. Development included the construction of a central production facility, 100 km pipeline together with the drilling of 20 production, 15 injector and 15 water supply wells. Recoverable reserves were estimated to be approximately 100 mmbbls. In Tunisia, the Oudna field development (Lundin Petroleum 40% working interest) was successfully completed and production commenced in November 2006. [ [http://www.lundin-petroleum.com/Documents/ar_2006_e.pdf Annual Report 2006] ]

References

External links

* [http://www.lundin-petroleum.com Official website]
* [http://www.hrw.org/reports/2003/sudan1103/index.htm "Sudan, Oil, and Human Rights"] , Human Rights Watch, September 2003, ISBN 1564322912.


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