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Lundin Energy writes up oil reserves to 639 million barrels

Norwegian oil company Lundin Energy has completed a significant write-up of its oil reserves compared to 2020.

Photo: Lundin Energy Norway

Norwegian oil firm Lundin Energy has written up the amount of the company’s oil reserves, according to a press release.

Lundin Energy estimates that its proved and probable oil reserves by the end of 2021 made up 639.1 million barrels of oil equivalent (MMboe), which means an increase of 39.3 million MMboe compared to the end of 2020.

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