The Norwegian Petroleum Directorate has received the plan for development and operation (PDO) for the oil and gas discovery 16/1-8 “Luno” in the North Sea. Lundin is the operator for the development. Total recoverable reserves in the discovery have been estimated at 29.1 million cubic metres of oil equivalents. The total investment will amount to [...]
January 26, 2012 | Posted in
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Lundin Petroleum AB announces that its wholly owned subsidiary Lundin Norway AS as operator has, with its partners Wintershall Norge ASA (Wintershall) and RWE Dea Norge AS (RWE Dea), submitted a plan for development and operation (PDO) for the Luno field to the Norwegian Ministry of Petroleum and Energy (the Ministry). Lundin Petroleum is in [...]
January 19, 2012 | Posted in
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Lundin Petroleum Norway, as operator for PL501, has completed the appraisal well, 16/5-2S located approximately 8.5 km south of the Avaldsnes discovery well 16/2-6, and 4 km south of the appraisal well 16/2-7. The objective of the 16/5-2S well was to delineate the southern flank of the Avaldsnes discovery. Well 16/5-2S encountered a 15 metres [...]
January 16, 2012 | Posted in
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Lundin Petroleum AB (Lundin Petroleum) announces the completion of the Makouala Marine-1 well in Block Marine XIV, offshore Congo (Brazzaville). The Makouala Marine-1 well, in Block Marine XIV offshore Congo (Brazzaville), has encountered limited oil bearing pay in the target Sendji formation reservoirs. This well was the second of a two to three well campaign [...]
December 23, 2011 | Posted in
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Technip was awarded by Lundin Petroleum a lump sum contract, worth approximately €100 million, for the Brynhild field development. This field, previously known as Nemo, is located in the Norwegian North Sea a few kilometers East of the boundary to UK waters at a water depth of around 80 meters. This project is being developed [...]
November 14, 2011 | Posted in
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Lundin Petroleum AB through its wholly owned subsidiary Lundin Norway AS announces the approval from the Norwegian Ministry of Petroleum and Energy of the Plan for Development and Operation (PDO) for the Brynhild field in PL148, located in the Norwegian North Sea. First production from the Brynhild field is expected in late 2013. The Brynhild [...]
November 11, 2011 | Posted in
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Dolphin Geophysical AS has signed a contract with Lundin Norway AS for the acquisition of more than 600 km2 of 3D seismic data in the Barents Sea. The survey will be acquired by the Artemis Arctic and is estimated to commence in early August. “We are very pleased to be the chosen contractor by Lundin [...]
June 20, 2011 | Posted in
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Lundin Petroleum AB announces that it has been awarded a new production sharing contract (PSC) for the Gurita Block by MIGAS, the Indonesian oil and gas regulating authority, in Jakarta on 18 March 2011. The block is located in the Natuna Sea, offshore Indonesia. The Gurita Block covers an area of approximately 8,018 km2. [...]
Lundin Mining Corporation reported net income of $317.1 million ($0.55 per share) for the 2010 year, an increase of $243.4 million from the $73.7 million ($0.13 per share) reported in 2009. The fourth quarter result was $144.6 million ($0.25 per share), up from $35.1 million ($0.06 per share) in 2009. Mr. Phil Wright, President [...]
Mr. Jochen Tilk, President & Chief Executive Officer of Inmet Mining Corporation and Mr. Phil Wright, President & Chief Executive Officer of Lundin Mining Corporation will be speaking on Monday February 28, 2011 at 3:30 p.m. EST at the BMO Capital Markets 2011 Global Metals & Mining Conference being held in Hollywood, Florida at [...]
February 25, 2011 | Posted in
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