Lundin has agreed to acquire Equinorâs 15% in PL 359, home to the Luno II oil find, which will bring Lundinâs interest to 65%, in alignment with Edvard Grieg nearby. The cash deal will be accompanied by Lundin transferring its 20% in PL 825 (Rungne) to Equinor. Effective date of the transaction will be 1 Jan â18 subject to usual approvals. PL 359 partners are currently Lundin (op) 50%, OMV 20%, Equinor + Wintershall 15% each.
Lundin (->65%, OMV 20%, Wintershall 15%) has agreed to acquire Equinorâs 15% in PL 359, home to the Luno II oil find. The cash deal will be accompanied by Lundin transferring its 20% in PL 825 (Rungne) to Equinor. 