Lundin makes acquisitions in Barents Sea

Oil firm Lundin has struck a deal on buying a range of licenses in Norway's Barents Sea. The transactions increase Lundin's stakes in several fields within a reportedly key area for the company regarding new oil discoveries.

Lundin CEO Alex Schneiter deems the Barents Sea a key area for Lundin in terms of new oil discoveries. The CEO will step down at the turn of the year. | Photo: PR / Lundin

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