ADOLF H. LUNDIN  19.12.1932 – 30.09.2006
Honorary Chairman and founder of Lundin Petroleum

Born in Sweden in 1932, Adolf Lundin earned an MSc degree in 1956 from the Royal Institute of Technology in Stockholm.

Between 1957 and 1960 he worked as a Petroleum Engineer for the Royal Dutch Shell Group in South America. In 1961 he earned an MBA degree from the Centre d’Etudes Industrielles in Geneva, Switzerland. Between 1961 and 1966 he was responsible for oil exploration activities in the North Sea and Portugal for the Ax:son Johnson Group. In 1966, he moved with his family to Geneva to work as Assistant Director of the Centre d’Etudes Industrielles (which later became IMD Lausanne).

In 1971, he started his career as an independent oil and mining entrepreneur on a global scale. His first successful venture was Gulfstream Resources which, in 1976, co-discovered the North Gas Field, offshore Qatar. This field remains today as the single largest known gas accumulation in the world.

In the 1970’s, 1980’s and 1990’s he started a number of natural resource companies both in the mining sector and the oil & gas sector, which in turn made a number of world class discoveries in the Middle East, Africa, Europe and South America. Several of these deposits are still producing commercial quantities of oil, gas, gold, copper and other minerals, and others are still under development.

In 1998, he was named “Swede of the Year in the World” by His Majesty the King of Sweden. In 2002, he received an honorary doctorate degree from Plekhanov Russian Academy of Economics in Moscow.

In 2002 until he passed away he served on a number of Boards as; Honorary Chairman of Lundin Petroleum AB, the Chairman of Vostok Nafta Investement Ltd and a Director of North Atlantic Natural Resources AB, Atacama Minerals Corp., Champion Resources Inc., South Atlantic Ventures Ltd, Tenke Mining Corp. and Valkyries Petroleum Corp.

He is survived by his wife, Eva Wehtje, whom he married in 1957 and their 4 children and 12 grandchildren.


Ashley Heppenstall, President and Chief Executive of Lundin Petroleum commented

"Adolf was a remarkable individual whose pioneering spirit will be greatly missed within the oil and mining industries. His vision was instrumental in creating the successes at Lundin Petroleum and we intend to carry this forward to grow the Company further as Adolf would have expected."