Lundin Petroleum is an independent Swedish oil and gas E&P company. Exploration had focused on two core regions, Europe and Southeast Asia, before it spun-off assets in Malaysia, France and the Netherlands into International Petroleum Corporation (IPC). The company is now fully focused on Norway, aiming to create stakeholder value through organically growing the resource base via exploration and development. Lundin's exploration strategy has successfully targeted conventional oil-led opportunities in basins with open access, material scale of undiscovered resource and favourable tax regimes. The discovery of the giant Johan Sverdrup field in 2010 has been transformational, building on the success of the large 2007 Edvard Grieg discovery that was also made in the maturing Norwegian North Sea.