One-Page Deal Sheet
Lundin to Acquire Interest in PL 674 Block Offshore Norway
Lundin Petroleum Petrolia Se
Announced Date
August 12,2014
Effective Date
January 01,2014
Close Date
November 28,2014
Transaction Type
Property
Transaction Details: Subscribe to see
Lundin Petroleum AB, through its wholly owned subsidiary Lundin Norway AS, has entered into agreements to acquire a 35 percent interest in PL674.
Lundin Norway will acquire a 15 percent interest in PL674 from Petrolia Norway AS and a 20 percent interest of a carve out area of PL674 from E.ON. The effective date for both transactions is 1 January 2014.
PL674 is located east of PL501/265 where the Johan Sverdrup field is located, and covers an area of 1,027 square kilometres. E.ON is currently the operator of PL674 with a 50 percent interest and Petrolia Norway AS holds the remaining 50 percent…