aktiebolag traded as nasdaq stockholm lupe industry petroleum founded 2001 ; 15 years ago 2001 founder adolf h. lundin headquarters stockholm sweden key people alex schneiter president and ceo ian h. lundin chairman revenue us 569.3 million 2015 1 operating income us 384.7 million 2015 1 profit us 866.3 million 2015 1 total assets us 4 785.3 million end 2015 1 total equity us 474.1 million end 2015 1 number of employees 589 end 2015 1 website www.lundin petroleum.com lundin petroleum is an independent international petroleum company formed in 2001 and based in sweden . contents 1 history 2 leadership 3 criticism 4 references 5 external links history edit the company was formed in 2002 following the takeover of lundin oil ab by canadian independent talisman energy lundin petroleum ab is a swedish oil company traded on the stockholm stock exchange . in the summer of 2003 lundin petroleum sold its working interest in block 5a to petronas carigali for usd 142.5 million . in 1998 the company discovered the en naga north and west field in southern part of the sirte basin libya . after a successful appraisal program in 1998 and 1999 the field was declared . the commercial and development program commenced . development included the construction of a central production facility 100 km pipeline together with the drilling of 20 production 15 injector and 15 water supply wells . recoverable reserves were estimated to be approximately 100 mmbbls . in tunisia the oudna field development lundin petroleum 40 % working interest was successfully completed and production commenced in november 2006 . 2 in april 2010 it demerged its assets on the united kingdom continental shelf into petrofac s energy developments unit to form the stand alone company enquest . in february 2015 it has started drilling exploration well 16 1 24 located in the gemini prospect of the north sea . the well is located in pl338c south west of the edvard grieg field offshore norway . it will test the reservoir properties and hydrocarbon potential of lower paleocene aged sandstones of the ty formation . the gemini prospect is estimated to contain unrisked gross prospective resources of 93 million barrels of oil equivalent mmboe . the island innovator semi submersible drilling rig will be used to drill the well to a planned total depth of 2 192m below mean sea level . 3 4 leadership edit founder adolf h. lundin has founded also lundin mining in 1994 . 5 in june 2015 alex schneiter was appointed president and chief executive officer effective october 2015 . 6 criticism edit in her book aff rer i blod och olja lundin petroleum i afrika 7 business in blood and oil lundin petroleum in africa journalist kerstin lundell claims that the company had been complicit in several crimes against humanity including death shootings and the burning of villages . 8 in june 2010 ecos european coalition on oil in sudan published the report unpaid debt which called upon the governments of sweden austria and malaysia to look into allegations that the companies lundin omv and petronas had been complicit in the commission of war crimes and crimes against humanity whilst operating in sudan during the period 1997 2003 . the reported crimes include indiscriminate attacks and intentional targeting of civilians burning of shelters pillage destruction of objects necessary for survival unlawful killing of civilians rape of women abduction of children torture and forced displacement . thousands of people died and almost two hundred thousand were violently displaced . satellite pictures taken between 1994 and 2003 show that the lundin consortium s activities in sudan coincided with a spectacular drop in agricultural land use in its area of operation . 9 10 consequently the swedish public prosecutor for international crimes opened a criminal investigation into links between sweden and the reported crimes . lundin petroleum has confirmed that the company is under investigation . the company strongly believes that it was a force for good in sudan and that its activities contributed to the improvement of the lives of the people of sudan . 11 the investigation is expected to be finalized late 2016 early 2017 . suspects of international crimes in sweden can face charges up to 18 years imprisonment . total material damages suffered by the population have been estimated by ecos to have been in excess of 600 million . the criminal investigation raises the issue of access to remedy and reparation for victims of human rights violations linked with business activities . a criminal conviction in sweden can only provide remedy for victims who are represented before the court . lundin petroleum endorses the un guiding principles on business and human rights acknowledging the duty of business enterprises to contribute to effective remedy of adverse impact that it has caused or contributed to . 12 however the company never substantiated its claim that its activities contributed to the improvement of the lives of the people of sudan rather than having adversely affected them . 13 criticism has also been directed towards former minister for foreign affairs carl bildt a former board member for the company with oppositional voices questioning his suitability as foreign minister . 14 15 ethiopia arrested two swedish journalist johan persson and martin schibbye and held them for 14 months before the release . conflict ethiopian judicial authority v swedish journalists 2011 was caused as the journalist studied the human rights violation claims in ogaden by an oil explorer in a case connected to lundin petroleum . 16 references edit a b c d e f annual report 2015 . lundin petroleum . retrieved 5 september 2016 . annual report 2006 pdf . lundin petroleum . retrieved 2011 10 21 . lundin petroleum starts 16 1 24 exploration well drilling on gemini prospect . lundin spuds test well in offshore norway gemini prospect . petro global news . retrieved 18 february 2015 . company history lunding mining . investors alex schneiter appointed as president and ceo of lundin petroleum . globenewswire . globenewswire . j rtelius arne . blod och olja . nationalencyklopedin . retrieved 2011 10 21 . lundell kerstin 2010 . tystnadens triumf 2 . ordfront magazine . unpaid debt the legacy of lundin petronas and omv in sudan 1997 2003 pdf . european coalition on oil in sudan . june 8 2010 . retrieved 2011 10 21 . sudan oilgate article on ips pdf . 2015 https www.lundin petroleum.com documents cr corp gov 15 e.pdf . missing or empty title help pdf https www.lundin petroleum.com ... cr humanrights policy e.pdf . missing or empty title help pdf . 2015 https www.lundin petroleum.com documents cr corp gov 15 e.pdf . missing or empty title help pm nilsson bildt m ste g expressen 11 january 2007 swedish . fredrik malm bildt m ste byta politik eller avg expressen 15 january 2007 swedish . reporters without borders hails swedish journalists release reporters without borders 10 september 2012 external links edit official website company profile at bloomberg businessweek sudan oil and human rights human rights watch september 2003 isbn 1 56432 291 2 . companies portal v t e omx stockholm 30 companies of sweden abb alfa laval assa abloy astrazeneca atlas copco boliden electrolux ericsson getinge hennes & mauritz investor ab kinnevik lundin petroleum modern times group nokia nordea sandvik sca seb securitas skanska skf ssab svenska handelsbanken swedbank swedish match tele2 teliasonera volvo retrieved from https en.wikipedia.org w index.php title lundin petroleum & oldid 744336107 categories oil companies of swedenswedish brands2001 establishments in swedencompanies established in 2001companies based in stockholmcompanies listed on the stockholm stock exchangehidden categories pages with citations lacking titlespages with citations having bare urlsarticles with swedish language external links navigation menu personal tools not logged intalkcontributionscreate 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