Lundin Petroleum
Lundin Petroleum, rebranded as Lundin Energy in 2020, is a Sweden-based independent oil and gas exploration and production company focused on offshore operations in the North Sea, publicly traded under ticker LNEGY.
- Company typePublic
- Founded2001
- HeadquartersStockholm, Sweden
- Headcount251–500
- GTM typeB2B
- OfferingServices
What Lundin Petroleum does
Lundin Petroleum, now operating as Lundin Energy AB (publ), is a Sweden-based independent oil and gas exploration and production company. Founded in 2001 and headquartered in Stockholm, the company focuses on offshore hydrocarbon exploration and extraction operations in the North Sea. The company was rebranded from Lundin Petroleum to Lundin Energy in 2020, a corporate identity change that coincides with broader sector repositioning toward energy-transition language. It is publicly traded, with shares listed on OTC Markets under the ticker LNEGY (also referenced as fra:LYV) and operates with a workforce of 251-500 employees.
The business operates a single integrated line of work — offshore oil and gas exploration, development, and production — rather than a modular product or platform architecture. Revenue is generated through the sale of produced crude oil and natural gas into commodity markets; no customer segmentation, pricing model, or offtake structure is disclosed in the provided sources. The company's competitive position rests on its portfolio of North Sea exploration and production licenses, developed field infrastructure, and subsurface asset base. Leadership is anchored by founder Adolf Lundin and director Adam Lundin, reflecting ongoing family involvement. Historically, former executives Ian Lundin and Alexandre Schneiter led the company during a period of oil drilling operations in Sudan in the late 1990s and early 2000s, an activity that has resulted in a Swedish war crimes trial against them — the longest criminal case in Swedish history — which remains a material legal and reputational overhang on the company.
Lundin Petroleum firmographics
Firmographics- Name
- Lundin Petroleum
- Legal name
- Lundin Energy AB (publ)
- Website
- https://lundin-energy.com
- Company type
- Public
- Founded year
- 2001
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Lundin Petroleum, rebranded as Lundin Energy in 2020, is a Sweden-based independent oil and gas exploration and production company focused on offshore operations in the North Sea, publicly traded under ticker LNEGY.
- Ownership category
- akta.pro rank
Where Lundin Petroleum is headquartered
LocationHeadquarters
- HQ city
- Stockholm
- HQ country
- Sweden
- HQ region
- Europe
Markets served
Lundin Petroleum business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Supply Chain, Personnel, Others
Lundin Petroleum product offering
Product offeringCore offering
Lundin Petroleum (rebranded to Lundin Energy in 2020) is an independent oil and gas exploration and production company focused on offshore operations in the North Sea. The company explores, develops, and produces crude oil and natural gas from offshore fields, with headquarters in Stockholm, Sweden.
Product overview
Lundin Petroleum operates as a single unified offering—an independent oil and gas exploration and production company. The company was rebranded to Lundin Energy in 2020 and is focused on offshore North Sea operations. The source material does not indicate a modular or platform-plus-products architecture; it describes a single business line focused on oil and gas extraction.
Differentiator
Problem solved
Functional benefit
Products and services
- Offshore North Sea Crude Oil and Natural Gas Production
Companies that use Lundin Petroleum
Customer profileSegments1 record
Ideal customer profiles1 record
Lundin Petroleum technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Lundin Petroleum partnerships and signals
Strategic signalScale indicators1 record
Recent moves4 records
Lundin Petroleum competitors and assessment
Company assessmentMarket position
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
Lundin Petroleum social profiles
Digital presenceLundin Petroleum financial estimates
Financial estimateRevenue estimate
Valuation estimate
Lundin Petroleum leadership team
Management profileNumber of profiles
Profiles2 records
Lundin Petroleum funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Lundin Petroleum M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Lundin Petroleum
What does Lundin Petroleum do?
Lundin Petroleum (rebranded to Lundin Energy in 2020) is an independent oil and gas exploration and production company focused on offshore operations in the North Sea. The company explores, develops, and produces crude oil and natural gas from offshore fields, with headquarters in Stockholm, Sweden.
Is Lundin Petroleum a public or private company?
Lundin Petroleum is a public company. It is classified as public and is currently operating.
When was Lundin Petroleum founded?
Lundin Petroleum was founded in 2001. It employs 251 to 500 people.
Where is Lundin Petroleum based?
Lundin Petroleum is headquartered in Stockholm, Sweden, in the Europe region.
Does Lundin Petroleum have an API?
No public API is recorded for Lundin Petroleum.