Lundin Pertolium to acquare new exploration acreage in Norway

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that it has entered into an agreement with RWE Dea Norge AS to farm-in to PL330 located in the northern Norwegian Sea. Under the agreement Lundin Petroleum will acquire a 30 percent interest.

PL330 covers an area of approximately 740 km2 and comprises blocks 6608/1 & 2. PL330 is located in an underexplored part of the Norwegian Sea where structures with a significant hydrocarbon potential have been identified.

RWE Dea is the operator of the license with a 40 percent interest and Marathon Petroleum Norge AS will also acquire a 30 percent interest. The transaction is subject to approval by the Norwegian government.

Source: Lundin Petroleum

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