Lundin Energy Lifts Output Forecast

Terje Solsvik
Monday, June 14, 2021

Swedish oil firm Lundin Energy raised its full-year production forecast on Monday and said output had exceeded forecasts at all its key fields.

The company now expects daily output for 2021 to average between 180,000-195,000 barrels of oil equivalent per day (boed), up from the original guidance of 170,000-190,000 boepd.

A scheduled increase in output at western Europe's largest oilfield, Norway's Johan Sverdrup, had gone more rapidly than expected, Lundin said in a statement.

Operator Equinor holds a 42.6% stake in Sverdrup, Lundin Energy has 20%, Petoro holds 17.36%, Aker BP owns 11.57% and TotalEnergies has 8.44%.

(Reporting by Terje Solsvik, editing by Nerijus Adomaitis)

Categories: Activity Europe Production

Related Stories

BP Signals Weaker Fourth-Quarter Results

Norway Offers 53 Oil and Gas Licenses to 20 Firms

Serica Energy Restarts Triton FPSO Production

Current News

SouthCoast Wind gets final BOEM nod

Oil set for fourth week of gains on US sanctions

Rex Subsidiary Lime Petroleum AS Awarded New License in Norway

SLB Profits Top Analyst Expectations

Subscribe for OE Digital E‑News