Lundin heralds losses on empty wells

It is proving to be an expensive affair for the Swedish oil company that two drillings in the Barents Sea have not led to oil discoveries.

When Lundin Petroleum releases its  fourth quarter interim report on Feb. 1, it is not set to be particularly impressive, as evident from a market update released by the company today.

Lundin reports in the update that the company's profit before tax and depreciations will be impacted by a series of one-off expenses in the fourth quarter.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Latest News

See all jobs