Lundin Energy AB (OTCMKTS: LUPEY) is an independent exploration and production company focused on the development of oil and gas assets in key hydrocarbon provinces. Headquartered in Stockholm, Sweden, the company engages in the exploration, appraisal, development and production of crude oil and natural gas. Its portfolio is anchored by major offshore projects in the Norwegian North Sea, complemented by a series of exploration licenses and appraisal wells in regions such as France, Spain, Ireland and the Eastern Mediterranean.
The company’s core producing assets include interests in several large-scale Norwegian fields, where it holds participating stakes in the Johan Sverdrup, Edvard Grieg, Gina Krog and Alta projects. These fields are operated by established partners under license agreements issued by the Norwegian Petroleum Directorate. In addition to production, Lundin Energy maintains an active capital program for near‐term development projects and ongoing exploration campaigns designed to extend the life of its reserves and identify new growth opportunities.
Originally founded as Lundin Petroleum in 2001, the group formally changed its name to Lundin Energy AB in September 2020 to reflect a broadened focus on energy transition and sustainable operations. Over two decades, the company has built technical expertise in deepwater drilling, subsurface evaluation and offshore field development, earning a reputation for efficient project execution and low‐carbon production practices. Its organization emphasizes environmental stewardship, safety management and community engagement in host regions.
Under the leadership of CEO Nick Walker and Chairman Alex Ritson, Lundin Energy pursues a strategy that balances disciplined capital allocation with targeted exploration and development. The management team draws on extensive industry experience to optimize production performance while progressing a portfolio of prospective exploration assets. Together, these activities position the company to support long-term value creation through a combination of stable cash flows from established fields and upside potential from new discoveries.
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