Lundin Petroleum says that as at 31 December 2014 its proven and probable working interest 2P reserves are 187.5 million barrels of oil equivalent (MMboe) and its best estimatem contingent resources excluding the Johan Sverdrup field are 404 million barrels of oil equivalent (MMboe).
The production forecast for 2015 is between 41,000 and 51,000 barrels of oil equivalent per day (boepd).
Lundin Petroleum is predominantly an oil company with 92 percent of its reserves being oil2 and 92 percent of the reserves being located in OECD regions.
The reserves have been positively impacted by the inclusion of the Viper/Kobra accumulations within the Alvheim field and the inclusion of one infill well on the Volund field, both offshore Norway. The reserves have been further positively impacted by the inclusion of a unitised interest in the Ivar Aasen field, offshore Norway.