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Who we are

Lundin Petroleum is a Swedish independent oil and gas company with a proven track record of finding, developing and producing oil and gas resources.
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Our vision

Our vision is to grow a profitable upstream exploration and production company, focused on core areas in a safe and environmentally responsible manner for the long term benefit of our shareholders and society.
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Our people

Lundin Petroleum’s integrated teams of geoscientists and technical experts have produced a creative way of analysing data, adopting a visionary approach to oil and gas exploration.
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Our responsibility

Lundin Petroleum is committed to carry out its worldwide operations in a responsible manner. This means that both strategic decisions and field activities take into consideration potential impacts on people and the environment.
Investors Company at a glance

Lundin Petroleum is an independent Swedish oil and gas exploration and production company with a balanced portfolio of world-class assets

Lundin Petroleum is an independent oil and gas exploration and production company with a principal focus on operations in Norway, with a portfolio of assets in Norway, Malaysia, France, the Netherlands and Russia.

Key Investment Highlights

Strong Operating Cash Flow and Balance Sheet to fund continued growth
» 2016 EBITDA MUSD 902
» 2016 operating cash flow MUSD 1,010

Exploration - organic growth through the drill bit
» Giant oil discovery on Johan Sverdrup in Norway
» Significant discovery in 2014 on the Alta prospect in the    Barents Sea, Norway
» Further exploration leverage in Norway

Reserves Growth - converting discoveries into cash flow
» 2P reserves 743.5 MMboe

Production Growth - converting discoveries into cash flow
» Strong production and low operating costs
» 2016 production 72,600 boepd

Opportunistic Value Realisation - unlocking value in our asset portfolio
» Spin-off of UK assets in 2010
» Distribution of Etrion shareholding in 2010


Download company at a glance
Nasdaq Stockholm Ticker: LUPE
Year low/high
(December 2015 - December 2016)
SEK 99/198
Shares outstanding: 340.4 million
2016 Production : 72,600 boepd
Reserves: 743.5 MMboe
Contingent resources: 267 MMboe

Did you know....

that the Lundin family are Lundin Petroleum’s major shareholders with ~29%, followed by Statoil who hold ~20%
that Lundin Petroleum’s value has increased over 40 times from inception in 2001
that Lundin Petroleum is listed on the Large Cap list of Nasdaq Stockholm and is part of OMX 30 index.
that Lundin Petroleum is the second largest acreage holder in Malaysia
that Lundin Petroleum’s average traded volume is ~ 1.9 million shares