The three awarded licenses are:
The licenses have contract periods of 15 years with initial phases of 3 to 5 years. The work commitment as part of the license awards includes two exploration wells.
Ashley Heppenstall President & CEO of Lundin Petroleum comments: "We are pleased to announce the award of these licenses. Norway continues to be a core area for Lundin Petroleum and we will continue to increase our acreage position particularly in areas on the continental Shelf close to existing infrastructure."
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