Talk:Lundin Energy

Sudan war

User:Gr1st asked better references for this data[1]. Please correct and return.

In June 2010, the European Coalition on Oil in Sudan published the report 'Unpaid Debt' that argued why the company may have been complicit in war crimes and crimes against humanity when working in Sudan between 1998 and 2003. Lundin Petroleum has denied any wrongdoing. After studying the report, Swedish Public Prosecutor opened a criminal investigation into links between Sweden and the reported crimes. Leading Swedish lawyer Percy Bratt believes that members of Lundin Petroleum's senior management and Board of Directors are among the identified suspects, including Ian Lundin and Carl Bildt, now the Swedish minister of foreign affairs. Watti Renew (talk) 10:44, 10 October 2012 (UTC)

Report: Unpaid debt press release and UNPAID_DEBT (pdf). Watti Renew (talk) 10:55, 10 October 2012 (UTC)

External links modified

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Additional material to be added to this article

"Dear Wikipedia community,

I am writing to you as the Communications Officer at Lundin Petroleum. We wanted to improve this article by adding additional information on the company and its operations along with appropriate references. We would appreciate a review and any comments on this new proposed content. Our intention is to leave the new content here for comment for a period of 14 days before publishing the additional material."

Lundin Petroleum is an independent international petroleum company formed in 2001 and based in Sweden. "Change to:" Lundin Petroleum is an independent oil and gas exploration and production company formed in 2001 and based in Sweden with focus on operations in Norway. It is listed on the Stockholm Stock Exchange and part of the OMX 30 index. Market capitalisation at year end 2016 was SEK 67 billion which made Lundin Petroleum the largest independent E&P company in Europe in 2016, measured by market capitalisation. Lundin Petroleum had 714.1 MMboe of certified reserves at the end 2016 of which 96 percent was in Norway. Contingent resources amounted to 249 MMboe. Production in 2016 was 72,600 barrels of oil equivalent per day (boepd).

"Insert new section called Operations with subheadings Production, Development and Exploration. From a review of other corporate articles, this should can be considered a common section to be included."

Operations

Lundin Petroleum now operates solely in Norway where the company holds over 60 licences. The majority are exploration licences and about ten percent are producing fields. Core areas are the Utsira High and Alvheim in the North Sea and the Loppa High in the southern Barents Sea.

In 2010, Lundin Petroleum discovered the Johan Sverdrup oil field, one of the largest oil discoveries ever made on the Norwegian continental shelf. Resources are estimated to be 2.0 – 3.0 billion barrels of oil equivalent. At peak level, production from Johan Sverdrup is expected to be over 660,000 bopd which will represent around 25 percent of all Norwegian petroleum production.

Production

Lundin Petroleum’s main producing field is the Edvard Grieg oil field, located in PL338 on the Utsira High in the central North Sea. The Edvard Grieg field was discovered in 2007 and started production in November 2015. Lundin Petroleum’s second largest production hub is the Alvheim area, located in the central part of the North Sea. Production from the fields in the Alvheim area started in 2008, 2010 and 2015.

Development

Lundin Petroleum has a 22.6 percent working interest in the Johan Sverdrup oil field development project. The first phase of the development is expected to start production in late 2019 with an estimated production capacity of 440 Mbopd. Phase 2 will add another processing platform to the field centre which is estimated to increase the processing capacity for the full field to 660 Mbopd. Phase 2 is scheduled to start production in 2022.

Exploration

Lundin Petroleum is one of the largest operated acreage holders and has been one of the most active explorers in Norway over the past 10 years. A status that continues today. The largest discoveries have been made in the Utsira High (Johan Sverdrup oil field, Edvard Grieg oil field) and in the southern Barents Sea (Alta, Gohta, Filicudi). By the end of 2016, Lundin Petroleum had drilled a total of 84 exploration and appraisal wells in Norway.

"Add additional facts to the section called "History" since the current version contains very little information."

History

"Propose to add as first paragraph:" The Lundin family has been involved in oil exploration and production for over thirty years. Lundin Petroleum can trace its roots back to the early eighties in the form of International Petroleum, then International Petroleum Corporation (IPC), followed by Lundin Oil in the late nineties before emerging as Lundin Petroleum in 2001.

"Propose to change following sentence:" The company was formed in 2002 following the takeover of Lundin Oil AB by Canadian independent Talisman Energy, Lundin Petroleum AB is a Swedish oil company traded on the Stockholm Stock Exchange. "to:" The company was formed in 2001 following the takeover of Lundin Oil AB by Canadian independent Talisman Energy, Lundin Petroleum AB is a Swedish oil company traded on the Stockholm Stock Exchange. "Reason: current sentence contains incorrect information on when the company was created."

"Propose to add as new third, fourth and fifth paragraph:"

In 2002, Lundin Petroleum acquired Coparex International from BNP Paribas, adding exploration and production assets in France, Netherlands, Tunisia, Venezuela, Indonesia and Albania to the existing portfolio. The acquisition transformed Lundin Petroleum from a pure exploration company into a larger E&P player with production of approximately 16,000 boepd.

In early 2003, Lundin Petroleum entered Norway for the first time by acquiring 75 percent of the shareholding in Norwegian OER oil.

In 2004, Lundin Petroleum acquired a portfolio of producing assets in the UK from DNO AS, doubling Lundin Petroleum’s reserves to 137 million boe and increased production to 28,900 boepd.

"Propose to add as new eight, nine and tenth paragraphs:"

In September 2010, Lundin Petroleum made a significant discovery on the Avaldsnes prospect in PL501 on the Utsira High in the North Sea, estimated to contain recoverable resources of 100 to 400 million barrels of oil equivalent (MMboe). The discovery was later renamed Johan Sverdrup oil field.

In 2014, Lundin Petroleum made an oil and gas discovery on the Alta prospect in PL609 on the Loppa High in the southern Barents Sea. The discovery is located 20 km northeast of the Gohta discovery well and some 160 km from the Norwegian coast and is estimated to contain resources of 125 to 400 MMboe.

In 2015, three field developments were completed and started production: the Bøyla field and the Edvard Grieg oil field in Norway and the Bertam field in Malaysia.

"Propose to add a new, final sentence after paragraph on Gemini well as this well has been completed:"

The Gemini exploration well was completed as a dry well.

"Propose to add as new 12th paragraph:"

In April 2017, Lundin Petroleum spun-off its producing assets outside of Norway into a new company called International Petroleum Corporation (IPC). Following the spin-off, Lundin Petroleum is a fully Norway focused company.

Leadership

"Propose to add new information on Adolf H. Lundin and Alex Schneiter as below:"

{{Founder Adolf H. Lundin has founded also Lundin Mining in 1994.[5]}} Adolf H. Lundin, who was a pioneer in the oil and mining industries, passed away in 2006 at the age of 73. In June 2015, Alex Schneiter was appointed President and Chief Executive Officer of Lundin Petroleum {{,effective October 2015.[6]}}

Criticism

"Propose to add a new paragraph at end of the section, giving an update on the latest development:"

On 28 November 2016, chairman Ian H. Lundin addressed Lundin Petroleum’s shareholders in an open letter, stating that there are no grounds for any allegations of wrongdoing against any representative of Lundin. The company published a website containing it’s response to the allegations and details on the past activities in Sudan.

CommunicationsLundin (talk) 15:04, 27 November 2017 (UTC)CommunicationsLundin (talk) 15:23, 27 November 2017 (UTC)

References