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Swedish oil producer number one in global growth

30 out of 56 oil companies analyzed by Wood Mackenzie will produce less oil within five years. But Swedish producer Lundin Petroleum emerges the victor, with a large, two-digit growth rate towards and including 2020. The secret to its success lies in Norway.

Photo: Weatherford PR

Swedish oil company Lundin Petroleum is singled out as the winner in a comprehensive new analysis from Wood Mackenzie, which has measured growth prospects among 56 major oil and gas companies. A major contributor to its success lies in its 22 percent stake in Norway's major oil field Johan Sverdrup, of which Danish producer Maersk Oil owns 8.5 percent and Norwegian giant Statoil holds over 40 percent.

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