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Lundin Petroleum

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uuid003ijrd

Namestring
Lundin Petroleum
Legal namestring
Lundin Energy AB (publ)
Websiteurl
lundin-energy.com
Company typeenum
Public
Founded yearint
2001
Descriptiontext

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.

Short descriptiontext

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.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
251–500
akta.pro rankint
HeadquartersStockholm, Sweden
HQ citystring
Stockholm
HQ countrystring
Sweden
HQ regionstring
Europe
Markets served

Serves global market

Keyword5 values
oil gas exploration, offshore production, North Sea operations, hydrocarbon extraction, upstream energy
NAICS code1 code
  • Crude Petroleum Extraction21112
SIC code1 code
  • Crude Petroleum & Natural Gas1311
Product category
Oil and Gas Exploration & Production
Social media profiles1 record
Cost components5 values
Operations, Infrastructure, Supply Chain, Personnel, Others
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

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.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

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.

Product and service1 record
1Offshore North Sea Crude Oil and Natural Gas Production
CategoryOil and Gas Exploration & Production
Scale indicator1 record

Each record includes

Type, Value, Description, Source

Recent move4 records

Each record includes

Date, Type, Title, Description, Source

Market position
Competitive moat3 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights5 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles2 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Lundin Petroleum

Oil and Gas Exploration & Productionlundin-energy.com

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.

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

Location

Headquarters

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 offering

Core 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 profile

Segments1 record

Ideal customer profiles1 record

Lundin Petroleum technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Lundin Petroleum partnerships and signals

Strategic signal

Scale indicators1 record

Recent moves4 records

Lundin Petroleum competitors and assessment

Company assessment

Market position

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

Lundin Petroleum social profiles

Digital presence

Lundin Petroleum financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Lundin Petroleum leadership team

Management profile

Number of profiles

Profiles2 records

Lundin Petroleum funding detail

Funding detail

Funding 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 investment

M&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.

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Live signals
AffarsvarldenLundin har sålt för 5 miljarder i Aker BPLundin-controlled Nemesia sold 14 million Aker BP shares via a placement at 353 NOK per share, a 4% discount to the previous close. The deal valued the shares at about 4.9 billion NOK, roughly 5.1 billion SEK. Barclays arranged the sale, and Nemesia accepted a 90-day lock-up on its remaining stake.AffarsvarldenLundin vill sälja i Aker BP för 5 miljarderLundin will sell Aker BP shares at 353 NOK per share, a 4% discount to the previous close, for a total value of about 4.9 billion NOK. Barclays arranges the sale, and Nemesia, the third-largest shareholder, has accepted a 90-day lock-up period.Defense WorldLundin Energy AB (publ) (OTCMKTS:LNEGY) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What HappenedLundin Energy AB's share price dropped below its 200-day moving average of $42.50 during Friday trading, with 100 shares changing hands at that price level. The stock's 50-day and 200-day moving averages both stood at $42.50, indicating the stock has been trading within a narrow range. Lundin Energy AB is a Sweden-based independent oil and gas exploration and production company focused on offshore North Sea operations, historically known as Lundin Petroleum until its 2020 rebrand.GlobeNewswireLundin Energy changes its name to Orrön EnergyLundin Energy AB is changing its name to Orrön Energy and becoming a pure-play renewables business. The company has cash-flowing assets, no debt, and financial capacity of up to MUSD 180 for acquisitions. The name change is expected on or around 1 July 2022.GlobeNewswireCompletion of the combination of Lundin Energy’s E&P business with Aker BPLundin Energy completed its combination of its E&P business with Aker BP, creating a leading European independent E&P company. Shareholders received BUSD 2.22 cash and 271,910,019 Aker BP shares per share, retaining their Lundin Energy stake, which will become Orrön Energy. Lundin Energy will not pay remaining quarterly dividends.PR NewswireMerger between Aker BP and Lundin Energy's E&P business completedLundin Energy's E&P business was transferred to Aker BP on June 30, 2022, completing a merger that creates the second-largest operating company on the Norwegian continental shelf. The merged entity plans to invest over NOK 150 billion in development projects through 2030 and drill approximately 180 new wells across major field developments. Aker BP's CEO highlighted ambitions for low costs, low emissions, profitable growth and a leading role in both traditional oil and gas operations and the global energy transition.GlobeNewswireLundin Energy will trade ex-dividend on 23 June in relation to the transaction with Aker BPLundin Energy will trade ex-dividend on 23 June 2022 for its Aker BP transaction, making 22 June the last trading day. The dividend and merger consideration relate to combining Lundin Energy's E&P business with Aker BP, as announced on 15 June 2022.GlobeNewswireLundin Energy to present guidance for its renewables business on 20 June 2022Lundin Energy will host a webcast on 20 June 2022 to present guidance and a corporate update for its renewables business, Orrön Energy AB. The company plans to separate the renewables business as a standalone after combining its E&P assets with Aker BP on 30 June 2022, and has proposed a name change to Orrön Energy AB subject to shareholder approval on 16 June 2022.GlobeNewswireLundin Energy proposes name change to Orrön EnergyLundin Energy proposed changing its name to Orrön Energy, effective July 1, 2022, after combining its oil and gas assets with Aker BP. The change marks a shift to a renewables-focused business with three Nordic assets, subject to shareholder approval at an EGM on June 16, 2022.GlobeNewswireLundin Energy resolves to commence sales of treasury shares on Nasdaq StockholmLundin Energy resolved to sell all 1,356,436 treasury shares on Nasdaq Stockholm, with sales occurring between 5 May and 22 June 2022. The company engaged Pareto Securities AB to execute the sales, and completed sales will be reported to Nasdaq within seven trading days of each transaction.