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Lundin Petroleum slashed 2015 budget


Published Jan 8, 2015
Lundin in the North Sea

Lundin Petroleum announces its 2015 development, appraisal and exploration budget which totals USD 1.45 billion and represents a 31 percent decrease on forecast 2014 capital expenditure.

The 2015 expenditure on development projects is budgeted at USD 980 million which represents a 30 percent decrease on forecast 2014 development expenditure.

The 2015 budgeted expenditure on exploration activity is USD 320 million which is a 27 percent decrease on forecast 2014 exploration expenditure and the budgeted 2015 appraisal expenditure amounts to USD 150 million which is a 48 percent decrease on the forecast 2014 appraisal expenditure.

Tags: Lundin Petroleum




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