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1 Nov 2018

Lundin Petroleum

Lundin Petroleum receives information regarding a potential corporate fine and forfeiture of economic benefits in relation to past operations in Sudan

Lundin Petroleum AB…received notification from the Swedish Prosecution Authority on 1 November 2018 that the Company may be liable to a corporate fine…and forfeiture of economic benefits…in connection with the preliminary investigation into past operations in Sudan from 1997 to 2003...

The notification indicates that the Prosecutor may seek: a corporate fine of SEK 3 million; and forfeiture of economic benefits from the alleged offense in the amount of SEK 3,282 million…

[In the event that this case is brought to court] Lundin Petroleum...will firmly contest any corporate fine or forfeiture of economic benefits...[because] there are absolutely no grounds for any allegations of wrongdoing by any Company representatives...

In June 2010, the Swedish Prosecution Authority initiated a preliminary investigation...[and since then] Lundin Petroleum and its representatives have cooperated extensively and proactively with the investigation by providing information regarding the past operations in Sudan and by participating in interviews...


Part of the following timelines

Sweden authorises indictment of Lundin Oil executives over alleged complicity in war crimes in So. Sudan; co. denies allegations

Lundin Energy lawsuit (re complicity in war crimes, Sudan)