Lundin Petroleum AB announces that its wholly owned subsidiary Lundin Norway AS has been awarded four new exploration licence interests in the 2008 Norwegian Licencing Round, Awards in Predefined Areas (APA). These include two licences which will be operated by Lundin Petroleum. The licence interests detailed below are located in the North Sea.
Licence and Lundin Petroleum interest
Block 7/2, 4, 5, 8 60%*
Block 15/12 40%
Block16/2, 3, 5, 6 40%*
Block 25/7, 10 30%
*operator Lundin Petroleum
Ashley Heppenstall, President and CEO of Lundin Petroleum comments; "We are pleased to be awarded further acreage in Norway particularly to expand our position in the highly prospective Greater Luno area where we will operate Block 16/2, 3, 5, 6 (PL 501)"
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