En Español



Very usefull links



PW
Bookstore





News links

AP

AFP

Aljazeera

Dow Jones

Oil price

Reuters

Bloomberg

Views and News
from
Norway

 

 

 

 

Lundin sees output more than doubling next decade

 

 


OSLO
Petroleumworld.com 02 02 2017

Swedish oil firm Lundin's output will more than double before the middle of the next decade after development of Norway's giant Johan Sverdrup oilfield is complete, the company said on Wednesday.

Even if Lundin finds no additional oil, output will rise to more than 120,000 barrels of oil equivalents per day when the first phase of Sverdrup comes on stream in late 2019 from 72,600 barrels in 2016.

Lundin's output will then increase to more than 150,000 barrels per day when the second and final phase of Sverdrup hits maximum output some time after 2022, it added.

"We also expect that we will do better with new developments in the pipeline and the new resources we will discover in the years to come," the company added in a statement.

In the fourth quarter, Lundin reported operating earnings before depreciation and amortisation slightly ahead of forecasts in a Reuters poll, while its net loss was somewhat larger than anticipated.



Reporting by Nerijus Adomaitis, editing by Terje Solsvik from Reuters

We invite all our readers to share with us
their views and comments about this article
.


Write to editor@petroleumworld.com


By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to: editor@petroleumworld.com

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels

 

 

 

 

TOP

Contact: editor@petroleumworld.com,

Editor & Publisher:P.Ohep F. /Producer - Publisher:P.Ohep F./
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2016, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2016, Petroleumworld   / Elio Ohep Fitzgerald- All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.