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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Lundin Petroleum    LUPE   SE0000825820

LUNDIN PETROLEUM (LUPE)
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Lundin Petroleum : receives consent to use COSL rig for North Sea well

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01/13/2018 | 03:55pm CEST

The Petroleum Safety Authority (PSA) has given its consent to Lundin Norway AS to use the COSLInnovator rig for an exploration well 16/4-11 in production license 359 in the North Sea.

Drilling is planned to start in February 2018, with a duration of around 47 days, depending on whether a discovery is made.

The well is to be drilled by COSLInnovator, which is a semi-submersible drilling facility constructed at the Yantai Raffles Shipyard in China. The facility was issued with an Acknowledgement of Compliance (AoC) by the PSA in 2012.

(c) 2018 Saudi Research and Publishing Co. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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EBIT 2018 1 467 M
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Yield 2018 2,13%
P/E ratio 2018 20,61
P/E ratio 2019 21,28
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Mean consensus HOLD
Number of Analysts 22
Average target price 31,4 $
Spread / Average Target -2,7%
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NameTitle
Alexandre Schneiter President, Chief Executive Officer & Director
Ian Henrik Lundin Chairman
Nicholas J. R. Walker Chief Operating Officer
Teitur Nolsøe Poulsen Chief Financial Officer
Lukas Henrik Lundin Independent Director
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