Lundin Petroleum awarded seven licences in Norwegian Licensing Round

Wednesday, Jan 16, 2013

Lundin Petroleum AB ("Lundin Petroleum") is pleased to announce that its wholly owned subsidiary Lundin Norway AS has been awarded seven exploration licence interests in the 2012 Norwegian Licensing Round (Awards in Predefined Areas, APA). The awarded licences include four licences in the North Sea, two in the Norwegian Sea as well as one licence in Barents Sea. Two of the awarded licences will be operated by Lundin Petroleum.

Lundin Petroleum is a Swedish independent oil and gas exploration and production company with a well balanced portfolio of world-class assets primarily located in Europe and South East Asia. The Company is listed at the NASDAQ OMX, Stockholm (ticker "LUPE") and at the Toronto Stock Exchange (TSX) (Ticker "LUP"). Lundin Petroleum has proven and probable reserves of 211 million barrels of oil equivalent (MMboe).

Source: Lundin Petroleum AB

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