Lundin Petroleum discovered the 2.7 billion barrel Johan Sverdrup oil field in 2010. CEO Alex Schneiter spoke to Nick Coleman shortly before first oil was produced in early October, about the company’s strategy, the challenges for small exploration and production firms, and how the sector can respond to changing societal and environmental demands.
What does the startup of the Johan Sverdrup oil field mean for Lundin and Norway’s oil and gas industry?
It’s tremendous on all counts. Johan Sverdrup is transformational for Lundin Petroleum. If you go a little bit back in history, to 2015, Lundin Petroleum was producing about 20,000 boe/d, we quadrupled our production mainly through a field we discovered [in 2007] called Edvard Grieg, which was an important field because it gave us the key to