Swedish independent Lundin Petroleum expects a sizeable gain from the sale of a portion of its stake in the giant Johan Sverdrup oilfield off Norway to largely offset expected financial losses in its upcoming third-quarter results, writes Steve Marshall.
The company expects to post a $757 million post-tax accounting gain from the sale of a 2.6% stake in Johan Sverdrup to operator and state-controlled player Equinor in a $910 million deal.
