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Lundin Petroleum oil and gas exploration summary

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05 September 2018

Lundin Petroleum oil and gas exploration summary

Report summary

Lundin Petroleum is an independent Swedish oil and gas E&P company that focused entirely on exploration and development in Norway. In April 2017, it spun-off assets in Malaysia, France and the Netherlands into International Petroleum Corporation (IPC). This report analyses the exploration performance of Lundin Petroleum over 2008-2017, including some wells and fields now owned by IPC. The company aims to create stakeholder value through organically growing the resource base via exploration and development. The discovery of the giant Norwegian North Sea Johan Sverdrup field in 2010 was transformational and built on the success of the 2007 Edvard Grieg discovery made on the Utsira High. Exploration is focused on six core areas: the south-eastern trend and the Loppa High in the Barents, the Frøya High in the Norwegian Sea, the Alvheim and Utsira High areas in the North Sea and the Mandal High in the Central Graben. 

Table of contents

  • Executive summary
    • Upstream strategy
    • Exploration outlook
  • Investment and costs
    • Well data
  • Reserves and resources
    • Production from new field discoveries
  • Valuation

Tables and charts

This report includes 23 images and tables including:

  • Executive summary: Image 1
  • Ten year performance summary
  • Exploration & appraisal spend and reinvestment
  • Exploration & appraisal spend by water depth
  • Exploration & appraisal spend by basin maturity
  • Discovery costs by water depth
  • Top 40 discoveries (2008 to 2017)
  • Volumes discovered by year
  • Volumes discovered by water depth
  • Volumes discovered by country
  • Volumes discovered by basin
  • Valuation: Table 1
  • Full cycle value creation by year
  • Exploration returns by year
  • Costs and development vlaue by resource category
  • Returns by water depth
  • Strategy: Table 1
  • Net active exploration acreage by water depth
  • Net active exploration acreage by country
  • Gross exploration & appraisal wells by basin and sector
  • Exploration wells drilled and spend per well
  • Exploration success rates
  • Production: Image 1

What's included

This report contains:

  • Document

    Lundin Petroleum oil and gas exploration summary

    PDF 933.39 KB

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