Lundin Petroleum definition

Lundin Petroleum means Lundin Petroleum AB, the Swedish independent oil and gas exploration and production company that was indirectly the major shareholder of Etrion until November 12, 2010;
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Lundin Petroleum means Lundin Petroleum AB, the Swedish independent oil and gas exploration and production company that is indirectly the major shareholder of Etrion;
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Examples of Lundin Petroleum in a sentence

  • The Company receives services from various subsidiary companies of Lundin Petroleum AB (“Lundin”), a shareholder of the Company.

  • Frykman is currently Vice President Legal of Lundin Petroleum and before joining the company in 2008, she worked with Loyens & Loeff in Geneva focusing on Swiss and international corporate tax matters.

  • Ashley HeppenstallCurrently, President and Chief Executive Officer of Lundin Petroleum since 2001.

  • Lorito is an investment company wholly owned by a Lundin family trust and holds 24% of the shares of Lundin Petroleum AB (“Lundin Petroleum”), which indirectly owned 45% of Etrion at the date of acquisition.

  • The final settlement of USD 14 million was paid in June 2019 and no further amounts are outstanding to Lundin Petroleum in respect of the working capital.

  • Zebra Holdings and Investments SARL, Lorito Holdings SARL and Lundin Petroleum BV, the Company’s major shareholders, subscribed for 43,463,618 shares, 16,984,621 shares and 17,800,000 shares, respectively, in the Private Placement.

  • IPC has a residual liability for working capital owed to Lundin Petroleum – see Transactions with Related Parties section below.

  • The dominant owner in the Kinnevik concern is the Stenbeck family, while Vostok Nafta was founded by the Lundin family, whose other interests include Lundin Petroleum.

  • In April 2017, Lundin Petroleum AB (“Lundin Petroleum“) spun-off its oil and gas assets in Malaysia, France and the Netherlands into a newly formed company called International Petroleum Corporation (“IPC” or the “Corporation” and, together with its subsidiaries, the “Group”) and distributed the IPC shares, on a pro-rata basis, to Lundin Petroleum shareholders (the “Spin-Off”).

  • Basis of preparation prior to the Spin-Off date Prior to the Spin-Off date, separate financial statements were not prepared for the assets that were spun-off as they were not operated as a single business by Lundin Petroleum AB and accordingly, the results up until the Spin-Off date have been carved out from the historical consolidated financial statements of Lundin Petroleum AB.

Related to Lundin Petroleum

  • Petroleum means the crude oil removed from the earth and the oils derived from tar sands, shale, and coal.

  • Liquefied petroleum gas means a mixture of light hydrocarbons (predominantly propane, butane) that is gaseous under conditions of ambient temperature and pressure and that is maintained in a liquid state by an increase of pressure or lowering of temperature;

  • Crude Petroleum means the direct product of oil wells or a mixture of the indirect products transportable like the direct products and containing not more than two percent (2%) of sediment, water, and other impurities.

  • Natural Gas Liquids means those hydrocarbon components that can be recovered from natural gas as a liquid including, but not limited to, ethane, propane, butanes, pentanes plus, and condensates;

  • Oil sands means impregnated bituminous sands that:

  • Embalmer means any person engaged in the practice of embalming.

  • Petroleum liquids means crude oil, condensate, and any finished or intermediate products manufactured or extracted in a petroleum refinery.

  • Solid Waste Management Unit , or “SWMU” means any discernible unit at which solid wastes have been placed at any time, irrespective of whether the unit was intended for the management of solid or hazardous wastes. Such units include any area at a facility at which solid wastes have been routinely or systematically released.

  • oil tanker means a ship constructed or adapted primarily to carry oil in bulk in its cargo spaces and includes combination carriers and any “chemical tanker” as defined in Annex II of the present Convention when it is carrying a cargo or part cargo of oil in bulk.

  • Fossil fuel-fired means, with regard to a unit:

  • Natural uranium means uranium with the naturally occurring distribution of uranium isotopes, which is approximately 0.711 weight percent uranium-235, and the remainder by weight essentially uranium-238.

  • CAISO Global Resource ID means the number or name assigned by the CAISO to the CAISO- Approved Meter.

  • Gas Corporation means the body corporate established by section 4 of the Gas Corporation Act 1994;

  • Natural Gas or "Gas" shall mean natural gas, processed, unprocessed, vaporized liquid natural gas, synthetic gas, propane-air mixture or any mixture of these gases.

  • IOSCO means the International Organisation of Securities Commissions.