This article reads like a press release or a news article and may be largely based on routine coverage. (October 2023) |
Company type | Publicly traded Aktiebolag |
---|---|
Nasdaq Stockholm: LUNE | |
Industry | Petroleum |
Founded | 2001 |
Founder | Adolf H. Lundin |
Headquarters | Stockholm, Sweden |
Key people | Nick Walker (President and CEO) Ian Lundin (Chairman) |
Number of employees | 448 (end 2020[1]) |
Subsidiaries | Third Energy Onshore and Viking Oil and Gas |
Website | www.lundin-energy.com |
Lundin Energy (former Lundin Petroleum) was an independent oil and gas exploration and production company formed from Lundin Oil in 2001 and based in Sweden with focus on operations in Norway.
Lundin Energy’s oil and gas business was purchased by Aker BP in July 2022 in a deal worth more than US$14 billion.[2] The rest of the company continues to operate as a pure renewable energy business under the new name of Orrön Energy.[3]
Lundin Energy had 107 million cubic metres (671 million barrels) of oil equivalent of proven plus probable reserves at the end of 2020[4] whereas contingent resources amounted to 44 million m3 (276 million bbl). The company's commercial success is overshadowed by a Swedish war crimes investigation into its past operations in Sudan. Chairman Ian Lundin and former CEO Alex Schneiter are the suspects of the preliminary investigation. In April 2020, the company changed its name from Lundin Petroleum AB to Lundin Energy AB.