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Lundin Petroleum acquires interest in PL674, offshore Norway


Published Aug 13, 2014
Lundin in the North Sea

Lundin Petroleum, through its wholly owned subsidiary Lundin Norway AS has entered into agreements to acquire a 35 percent interest in PL674. Lundin Norway will acquire a 15 percent interest in PL674 from Petrolia Norway AS and a 20 percent interest of a carve out area of PL674 from E.ON. The effective date for both transactions is 1 January 2014.

PL674 is located east of PL501/265 where the Johan Sverdrup field is located, and covers an area of 1,027 square kilometres. E.ON is currently the operator of PL674 with a 50 percent interest and Petrolia Norway AS holds the remaining 50 percent interest.

These transactions remain subject to Norwegian government approval.

Tags: Lundin Petroleum




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