Lundin Petroleum AB's wholly owned subsidiary Lundin Norway AS has entered into farmout agreements with Spring Energy Norway AS and Norwegian Energy Company ASA (Noreco) in respect of licenses PL490 and PL492.

Spring will acquire a 10 percent interest in PL490 and Noreco will acquire a 10 percent interest in PL492, both licenses located in the Barents Sea.

The farmout agreements are subject to approval by Norwegian authorities.

Tags: Lundin Petroleum