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Lundin Petroleum signs an exploration  contract in Norway

Tuesday, 27 March 2012
The Swedish oil company, Lundin Petroleum's Norwegian subsidiary, Lundin Norway has signed a so-called pre-unit agreement with its partners on the development of Johan Sverdrupfältet.

CEO Ashley Heppenstall said in a statement describing the agreement as "an important milestone on the expansion of the North Sea's largest project in years."
The agreement covers production licenses for PL501 and PL265.
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