Lundin awarded 14 licenses in Norwegian licensing round

STOCKHOLM -- Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has been awarded a total of 14 exploration license interests in the 2017 Norwegian licensing round (Awards in Predefined Areas, APA).

The record-high award includes six licences in the North Sea, four licences in the Norwegian Sea and four licences in the southern Barents Sea. Six of the awarded licenses will be operated by Lundin Norway.

Licenses:

1. PL904 (Blocks 2/9, 3/7): 20% – North Sea
2. PL167C (Block 16/1): 20% – North Sea
3. PL914S (Ivar Aasen unit)(Block 16/1): 1.385% – North Sea
4. PL916 (Blocks 16/2, 25/11): 20% – North Sea
5. PL917 (Blocks 25/7, 10): 20% – North Sea
6. PL919 (Block 25/4): 15% – North Sea
7. PL934 (Blocks 6307/2, 5)*: 40% – Norwegian Sea
8. PL935 (Block 6306/3): 20% – Norwegian Sea
9. PL936 (Blocks 6306/2, 5): 30% – Norwegian Sea
10. PL886B (Blocks 6307/1, 4)*: 40% – Norwegian Sea
11. PL950 (Blocks 7020/1, 2, 7120/11)*: 50% – Southern Barents Sea
12. PL952 (Blocks 7124/5,6,8,9, 7125/4,5,6,7)*: 60% – Southern Barents Sea
13. PL954 (Blocks 7121/1,2,3, 7221/10, 11)*: 40% – Southern Barents Sea
14. PL533B (Block 7219/11)*: 35% – Southern Barents Sea *operator Lundin Norway