Lundin awarded stake in three Barents Sea blocks
Tuesday, Jun 19, 2018
Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has been awarded three exploration licences in the 24th licensing round in Norway. All of the licences are located in the southern Barents Sea with one of the licences operated by Lundin Norway.

The awarded licences are all located in the southern Barents Sea and close to licences already held by Lundin Norway. PL962 and PL965 are located in the Fingerdjupet Sub-basin/Hoop area close to PL722/PL853 and PL960 is located in the Harstad Basin in the southwestern part of the Barents Sea, close to PL695.

Nick Walker, COO of Lundin Petroleum, comments:

"I am very pleased with the licences awarded in the 24th licensing round that will further strengthen our significant acreage position in the southern Barents Sea. With these new licences we are expanding our access to key exploration areas where we already hold licences, continuing the same core area exploration strategy that led to a track record of company making discoveries in Norway”.

The licence awards are detailed below and a map of their location are provided on the following page:

Licence                          Lundin Norway licence interest
PL960                                              20%
PL962                                              20%
PL965*                                            60%

For more information, please visit: https://www.lundin-petroleum.com

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