| Business Summary | | Lundin
Oil
AB
is
a
Swedish
oil
company
engaged
primarily
in
the
exploration
for,
and
the
development
and
production
of
oil
and
natural
gas,
with
a
geographical
focus
on
Europe,
North
and
East
Africa,
the
Middle
East
and
Southeast
Asia.
Lundin
has
a
balanced
portfolio
of
assets
at
various
stages
of
development,
ranging
from
frontier
exploration
to
mature
production.
The
Company
has
development
projects
in
Malaysia/Vietnam
and
Libya,
and
ongoing
exploration
projects
in
Malaysia/Vietnam,
Albania
and
Sudan.
In
2000,
the
Company's
production
of
oil
and
gas
from
the
United
Kingdom
and
Malaysia/Vietnam
amounted
to
approximately
five
millions
of
barrels
of
equivalent
(mmboe).
In
total,
Lundin's
proven
and
probable
reserves
amounted
to
289
mmboe
at
year-end
2000.
In
August
2001,
the
Company
was
acquired
by
Talisman
AB,
a
subsidiary
of
Talisman
Energy
Inc. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Lundin
Oil
AB
is
a
Swedish
independent
oil
company
exclusively
engaged
in
the
exploration
and
production
of
hydrocarbons
with
a
geographical
focus
on
Europe,
North
and
East
Africa,
the
Middle
East
and
South
East
Asia.
For
the
fiscal
year
ended
12/31/00,
revenues
increased
32%
to
SEK977.8
million.
Net
income
according
to
U.S.
GAAP
rose
from
SEK98.1
million
to
SEK351.3
million.
Results
reflect
higher
average
selling
prices
of
oil
and
gas,
and
lower
operating
expenses
as
a
%
of
sales. | More
from
Market Guide: Significant
Developments |
| Officers | | Adolf
H. Lundin,
Chmn. Ian
H. Lundin,
Pres./CEO Ashley
Heppenstall,
CFO Alexander
Schneiter,
VP. | More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|