Lundin Petroleum AB (LNDNF) - OTCPK - Current
  • Thu, Jan. 14, 4:55 AM
    • Statoil (NYSE:STO) has increased its exposure to its home market by buying a big stake in Lundin Petroleum (OTCPK:LNDNY), boosting its presence in the Johan Sverdrup field, Norway's biggest offshore project in decades.
    • The Norwegian state-controlled oil major bought 11.9% in the Swedish company for SEK4.6B ($539M) making the acquisition Statoil's first big deal since oil prices started collapsing 18 months ago.
    | Thu, Jan. 14, 4:55 AM | 8 Comments
Company Description
Lundin Petroleum has exploration and production assets focused upon two core areas, Norway and South East Asia, as well as assets in France, Netherlands and Russia. Lundin Petroleum maintains an exploration focus seeking to generate shareholder value through exploration success and also has the... More
Industry: Electric Utilities
Country: Sweden