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Lundin to boost explorations following huge profit

Swedish oil company Lundin Petroleum, which partners with Statoil and Maersk in the Sverdrup field, will expand its oil exploration activities in the North Sea after transforming a minus into a huge plus in the third quarter.

Det er især Lundins Edvard Grieg-felt, der trækker fremgangen i årets tredje kvartal.

Lundin Petroleum has delivered positively across the board in the third quarter of 2016.

With revenue of USD 317.4 million (EUR 285 million), the Swedish oil company more than doubled the top line when compared to the same period last year, while EBITDA jumped from USD 100 million to nearly USD 250 million and the net result grew from a USD 201.6 million deficit last year to a USD 173.8 million profit this year.

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