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Lundin Petroleum allocates increased unitised interested in Johan Sverdrup

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Oilfield Technology,

Lundin Petroleum AB (Lundin Petroleum) has announced that the Norwegian Ministry of Petroleum and Energy (the Ministry) has determined the allocation of resources in the Johan Sverdrup oil field and has decided to increase the unitised interest for Lundin Petroleum from 22.12 to 22.6%.

On the 13th February 2015 the partners in Johan Sverdrup together submitted the Plan of Development and Operation for Phase 1 to the Ministry and at the same time the majority of the partnership asked the Ministry to determine the final allocation of resource.

The Ministry’s allocation of resources is the following: Statoil, the operator, 40.0267% unitised interest, Lundin Petroleum 22.6%, Maersk Oil 8.44%, Petoro

Adapted from a press release by David Bizley

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