Lundin Scores in Norwegian Licensing Round

Lundin Petroleum AB announced that its wholly owned subsidiary Lundin Norway AS has been awarded 10 exploration license interests in the 2011 Norwegian Licensing Round, (Awards in Predefined Areas, APA). The awarded licenses include one license in the Greater Luno Area and two licenses in the Barents Sea. Four of the awarded licenses will be operated by Lundin Petroleum.

The license interests are detailed below.

License Lundin Petroleum License Interest
PL495B (Block 7/1)* 60% - North Sea
PL609B (Blocks 7120/1,2)* 40% - Barents Sea
PL625 (Blocks 25/10)* 40% - Greater Luno Area
PL631 (Blocks 33/9, 11)* 60% - North Sea
PL639 (Blocks 6201/7, 8, 10 & 11) 20% - Norwegian Sea
PL641 (Blocks 6204/7, 8, 10 & 11) 30% - Norwegian Sea
PL646 (Blocks 6507/8, 9) 20% - Norwegian Sea
PL653 (Blocks 6607/3) 30% - Norwegian Sea
PL654 (Blocks 6608/2, 3) 30% - Norwegian Sea
PL659 (Blocks 7121/2, 7122/1, 2, 7221/12, 7222/10, 11, 12) 20% - Barents Sea

 *operator Lundin Petroleum

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