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  September 5, 2001
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Home > Company Index > Energy > Oil & Gas Exploration & Production > Lundin Oil AB

Lundin Oil AB
Nasdaq (SC): LOILY
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 PROFILE
Independent oil and gas company Lundin Oil produces from the North Sea, Malaysia, and Vietnam. It also owns gas reserves in the Gulf of Papua, and it has interests in Albania, the Falkland Islands, Libya, Russia, Somalia, and the Sudan. Worldwide, Lundin Oil has proved and probable reserves of 289 million barrels of oil equivalent. The company has agreed to be acquired by Canada's Talisman Energy, which wants the fim's assets in the North Sea, Malaysia, Vietnam, and Papua New Guinea. Lundin Oil's interests in Russia, Somalia, and Sudan are to be spun off to shareholders before the Talisman deal closes, and its Libyan operations are to be sold. Chairman Adolph Lundin and his family own about 30% of the company.

 COMPETITION
Enterprise Oil plc (ETP)
Exxon Mobil Corporation (XOM)
Royal Dutch/Shell Group (dossier)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 101.10
1-Yr. Sales Growth: 16.6%
Employees: 135
Revenue per employee: $748,888.89

 KEY PEOPLE
• Ian H. Lundin
    CEO
• Ashley Heppenstall
    CFO

 CONTACT INFO
Hovslagargatan 5
SE-111 48 Stockholm, Sweden
Phone: 46-8-440-5450
Fax: 46-8-440-5459
Online: Web Site

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