Posted inEnergy

Lundin floats unit

Swedish oil and gas exploration group, Lundin Petroleum will float its Norwegian and UK businesses and form a newly formed Norwegian company called Viking Oil & Gas.

Swedish oil and gas exploration group, Lundin Petroleum will float its Norwegian and UK businesses and form a newly formed Norwegian company called Viking Oil & Gas.

The company will launch an initial public offering for 50.1% of Viking shares in an Oslo market listing.

“Forecast production from Viking assets in 2007 is greater than 20 000 barrels of oil equivalent per day,” said the company.

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