Lundin Petroleum to Acquire Additional 30% Interest in PL148

Lundin Petroleum AB (TSX:LUP) has signed an agreement with Talisman Energy Norge AS to acquire further 30% interest in PL148 including the Brynhild field, offshore Norway.

As quoted in the press release:

The Plan of Development for the Brynhild field was approved by the Norwegian government in November 2011 and execution of the project is proceeding. The Brynhild field is forecast to produce first oil in late 2013 at a gross plateau production of 12,000 barrels of oil per day.

Click here to read the Lundin Petroleum AB (TSX:LUP) press release.