Lundin Petroleum has announced that it has entered into a committed short term revolving credit facility (RCF) of US$300 million and received additional commitments of $135 million under the reserve-based lending (RBL) facility accordion…
AGR have been awarded a frame agreement with Lundin Norway for delivering consultancy services on- and offshore Norway. The four-year agreement has extension options which could see the partnership continue for eight years in total. “We…
Sequa Petroleum is dropping out of two deals to acquire stake in the Gina Krog and Ivar Aasen projects in the North Sea due to the current market conditions. Image of Ivar Aasen, from Det Norske…
Sweden's Lundin Petroleum is to plug and abandon its latest exploration well after it was classified as dry. Exploration well 16/4-10 was on the Fosen prospect in PL544 on the southern flank of the Utsira High in the Norwegian North Sea…
DNV GL has now launched the first globally applicable guidance for leak detection systems for offshore fields. The challenge for oil and gas operators is to have a leak detection system that is reliable and capable of detecting leaks…
Sweden's Lundin Petroleum has discovered 'significant gas shows' in the Maligan exploration well in Block SB307/SB308, offshore East Malaysia. The Maligan well was drilled with the West Prospero jackup rig to a total depth of approximately 1380m…
Dutch offshore contractor Boskalis has been awarded a contract by Samsung Heavy Industries for the transportation of the three topside modules of the riser platform and the topside of the processing platform for the Johan Sverdrup project offshore Norway…
Bourbon has taken delivery of the Bourbon Arctic from the Vard Brattvåg shipyard (Norway) and completed her first anchor handling operation. The vessel was engaged in the disconnection and unmooring operation of the Island Innovator located at the Fosen field in the central North Sea…
Lundin Petroleum secured up to US$5 billion in a seven-year deal to fund the company’s stake in Statoil’s giant Johan Sverdrup project, offshore Norway. Johan Sverdrup rendering. Image from Lundin Facebook…
Swedish oil exploration and production firm Lundin Petroleum has dropped its capital spending budget 26% compared to 2016, but still expects a positive year as production at Edvard Grieg ramps up. Lundin's exploration spending will drop 64% compared to 2015…
Lundin Malaysia signed farm-out agreements (FOA) with certain wholly owned subsidiaries of DYAS for part of its working interests across three production sharing contracts (PSC) in Malaysia. The FOA covers Blocks PM328, SB307/308 and…
Lundin Malaysia commenced drilling of the Maligan exploration well in Block SB307/SB308, offshore East Malaysia. The Maligan prospect is in shallow water and lies to the north of a major producing field in offshore East Malaysia. The well will target hydrocarbons in Miocene aged sands…
Det norske oljeselskap has gained approval from the Norwegian Petroleum Directorate (NPD) for a drilling permit for well 16/1-26 S, which is part of the Ivar Aasen field, in the North Sea. Well 16/1-26 S will be drilled from the Maersk…
Lundin Malaysia completed, and will plug and abandon the Bambazon exploration well in Block SB307/SB308, offshore East Malaysia. The well encountered approximately 15m of net logged reservoir pay with oil shows over three main reservoir…
Lundin Petroleum has started drilling exploration well 16/4-10 on the Fosen prospect, offshore Norway. The well is about 27km south of the Edvard Grieg field and 11km south of the Luno II discovery. It will explore the Fosen prospect…
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