Sustainable growth based on a long-term strategy
Through the downturn in the industry, Lundin Norway has continued to invest in its employee base. More than 30 percent of the current workforce has in fact been recruited in the period after oil prices started to fall in 2014. This has been made possible by our long-term strategy to secure sustainable growth.
We’re improving our own record!
Lundin Norway is among the companies with lowest production costs on the Norwegian shelf. No other company had lower costs per barrel produced in 2017. So far this year, we have improved our own record by more than 17%.
Rosenberg WorleyParsons to handle modification work on the Edvard Grieg platform
Lundin Norway and its licence partners in PL338 are awarding Stavanger based Rosenberg WorleyParsons contract for modification work on the Edvard Grieg platform in the North Sea. The contract will give important ripple effects locally and regionally, and provide work for 150 people.
Successful well test on Rolvsnes opens up a larger potential
Lundin Norway has conducted a successful well test over a ten-day period on Rolvsnes in the North Sea. The test confirms a completely new exploration concept on the shelf, and shows that we can produce oil and gas from fractured and weathered basement rocks.