29/01/2016at 13:11

Lundin Petroleum trims investments by 26 percent

The Swedish oil company's reserves increased 292 percent by the end of December 2015 as the company includes its stake in the Norwegian Johan Sverdrup field for the first time.

BY OLE ANDERSEN

Swedish oil company Lundin Petroleum, a partner in the enormous Johan Sverdrup field, will slash operational investments by 26 percent compared to the previous year, according to a statement from the company Friday.

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Norwegian oil company: Sverdrup field will be cheaper
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Statoil buys large stake in Lundin Petroleum
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Johan Sverdrup partners maintain their stakes
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