Lundin set for outright ownership of Brynhild

Lundin Petroleum has agreed to acquire an additional 30% from Talisman Energy in Norwegian North Sea license PL148 containing the Brynhild field.

Offshore staff

STOCKHOLM, Sweden – Lundin Petroleum has agreed to acquire an additional 30% from Talisman Energy in Norwegian North Sea license PL148 containing the Brynhild field.

Assuming approval from the Norwegian authorities, Lundin will then hold a 100% interest in the concession.

In November the government approved theBrynhild development plan. The field should produce first oil in late 2013, building to 12,000 b/d at peak.

3/5/2012

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