Lundin Petroleum through its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has entered into an agreement to sell an additional 15 percent interest in PL359, which contains the Luno II discovery. Lundin Norway will sell a 15 percent interest to Wintershall Norge AS (Wintershall) on the same terms as the PL359 transactions announced on 17 June 2014.

The Luno II discovery was made by Lundin Petroleum in 2013 and is located in PL359 in the central North Sea sector of the Norwegian Continental Shelf on the south western flank of the Utsira High approximately 15 kilometres south of the Lundin Petroleum-operated Edvard Grieg field. An appraisal well is currently being drilled.

Tags: Lundin Petroleum