Lundin Petroleum CEO Says Early Sverdrup Start Is Possible

Lundin Petroleum CEO Says Early Sverdrup Start Is Possible

Assessment

Interactive Video

Business

University

Hard

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The transcript discusses the Sverdrup project's timeline, emphasizing a November target for oil production. It highlights cost reductions achieved in phase one and anticipates similar trends in phase two. A deal with Equinor allows for share redemption without affecting dividends, as the company expects strong cash flow. The decision not to buy back Equinor's entire stake in London Petroleum is explained, with both parties content with the current arrangement.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What factors contribute to the project's complexity as mentioned in the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the company's outlook on dividends in relation to the recent transactions?

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