OREANDA-NEWS. Lundin Petroleum AB ("Lundin Petroleum") is pleased to announce that its wholly owned subsidiary Lundin Norway AS has been awarded eight exploration license interests in the 2014 Norwegian Licensing Round (Awards in Predefined Areas, APA). The awarded licenses include six licenses in the North Sea, one license in the Norwegian Sea and one license in the Barents Sea. Six of the awarded licenses will be operated by Lundin Petroleum.

The license interests are detailed below.

License

Lundin Norway AS license interest

PL778 (Block 15/6)*:

40%

- Central North Sea

PL779 (Block 16/1):

20%

- Central North Sea

PL674CS (Block 26/10)*:

35%

- Central North Sea

PL678C (Blocks 25/3, 6):

20%

- Central North Sea

PL579B (Block 33/5)*:

50%

- Northern North Sea

PL789 (Blocks 33/5, 6)*:

40%

- Northern North Sea

PL700B (Block 6407/10)*:

40%

- Norwegian Sea

PL805 (Blocks 7120/2, 3 & 7121/1)*:

40%

- Barents Sea

*operator Lundin Norway AS

Lundin Petroleum is a Swedish independent oil and gas exploration and production company with a well balanced portfolio of world-class assets primarily located in Europe and South East Asia. The Company is listed on NASDAQ Stockholm (ticker "LUPE"). Lundin Petroleum has proven and probable reserves of 187.5 million barrels of oil equivalent (MMboe).