Lundin Looks To Refocus With African Sale

Swedish independent explorer Lundin Petroleum has announced the sale of its African subsidiaries Lundin East Africa and Lundin Kenya to Canada's Africa Oil. Lundin East Africa holds 85% interests in and operatorship of four blocks (2, 6,7 and 8) in the Ogaden region and the Adigala area of Ethiopia, while Lundin Kenya holds a 100% operating stake in Block 10a and a 30% stake in Block 9, both in the Anza Basin. In addition, the deal will involve the transfer of an option that Lundin holds over Blocks 35 and M10-A in Somalia, which are currently subject to force majeure

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