The planned development scheme in the frontier Loppa High play remains firmly on the radar screen of the Swedish operator as it prepares to issue a resource update for its entire portfolio later this year following ongoing appraisal work at the Alta discovery.
Managing director of Lundin Petroleum’s country subsidiary, Kristin Faerovik, said the company sees the prospective play as “a new core area” in the Barents that may be the first of several in the sub-Arctic region, having added more acreage in the area with recent awards in Norway’s 23rd licensing round.
“We
