Offshore oil and gas production company, Lundin Petroleum, has today announced first oil from its Edvard Grieg field 112 miles offshore Norway.
Lundin Petroleum | Offshore Post
Swedish based offshore exploration and production company, Lundin Petroleum, have announced a new oil discovery off the Norwegian coast.
Swedish based Lundin Petroleum, have announced that the topsides of its new Edvard Grieg offshore platform have been successfully installed.
Swedish based Lundin Petroleum has announced that its current CEO Ashley Heppenstall will step down, making way for Alex Schneiter. Lundin, who’s main area of operations are in Norwegian waters, discovered the huge Johan Sverdrup field back in 2010. Lundin continues to own a stake in the field, which will be operated by Statoil when it comes on-stream in 2019. It continues to be one of the worlds biggest hydrocarbon finds in decades. The company said Schneiter, Lundin’s current chief operating officer, will take charge on 1st October. In a statement, Schneiter said “Our historical organic exploration growth strategy which led to the discoveries of Edvard Grieg and Johan Sverdrup will continue.” A statement released by the company said “ Heppenstall’s “contribution has been instrumental in the shareholder value creation. Lundin’s share price has increased more than 40-fold during Heppenstall’s tenure,” Lundin Petroleum’s share price has increased by 22% this year alone.
Five oil and gas companies, led by Statoil, are planning to collaborate on projects within the Barents Sea in a bid to meet the exploration challenges.