Ian Lundin graduated from the University of Tulsa in 1982 with a Bachelor of Science in Petroleum Engineering. Upon graduation he joined Wintershall AG and was posted in northern Greece on an offshore high sulphur oil and gas field. He worked for one year on this project as a trainee drilling engineer and was exposed during that time to various well control situations and solving hole problems.

In 1984 he joined the Lundin Group via International Petroleum Corporation (“IPC”) as Drilling Manager. After being in charge of several drilling operations in Egypt and the United Arab Emirates, he was put in charge of worldwide operations in 1986. For 5 years he planned and executed exploration wells in Papua New Guinea, Thailand, Oman and the U.A.E. In 1990 he was appointed President and Chief Executive Officer of IPC. As CEO, he oversaw the discovery and development of oil and gas fields in Oman, Malaysia, Libya and P.N.G. He also initiated the company’s involvement in Sudan and the acquisition (and subsequent sale) of the Welton field, onshore U.K.

In 1998, the two Lundin group companies Sands Petroleum AB and IPC merged to form Lundin Oil AB and Ian was appointed CEO. Sands was actively involved in the U.K. sector of the North Sea as well as in Malaysia at the time of the merger.

Lundin Petroleum came into existence as a result of the SEK 4 billion takeover of Lundin Oil by Talisman Energy Inc. The shares of Lundin Petroleum commenced trading on the New Market in Stockholm in September 2002. Ian continued to act as C.E.O. of the new vehicle which had interests in Sudan and Iran. Lundin Petroleum was refinanced and quickly embarked on an aggressive acquisition programme which resulted in the purchase of Coparex International in the summer of 2002 for approximately SEK 1.5 billion.

On 24 May 2002 Ian was appointed Chairman of the Board of Lundin Petroleum AB. The Company was listed on the “O” list of Stockholmsborsen in the fall of 2003 and today has exploration and production operations in 11 countries and an annual turnover in excess of SEK 2 billion.

Historical connections with the Lundin Family and other assignments within the Lundin Group:
Ian Lundin is the second child of Adolf Lundin and he serves on the Board of Vostok Nafta Investment Ltd. He is the settlor of a trust that holds indirectly 13,538,956 shares in Lundin Petroleum.