Lundin Energy
{{Short description|Former Swedish oil and gas company}}
{{press release|date=October 2023}}
{{Use dmy dates|date=November 2021}}
{{Infobox company
| name = Lundin Energy AB
| logo = Lundin Energy logo.svg
| logo_caption =
| type = Publicly traded Aktiebolag
| traded_as = {{OMX|SSE22335|LUNE}}
| founder = Adolf H. Lundin
| key_people = {{nowrap|Nick Walker (President and CEO)}}
Ian Lundin (Chairman)
| industry = Petroleum
| num_employees = 448 (end 2020{{Cite news|url=https://www.lundin-energy.com/about-us/lundin-people/|title = Lundin people| newspaper=Lundin Energy }})
| homepage = [http://www.lundin-energy.com www.lundin-energy.com]
| foundation = {{start date and age|2001}}
| location = Stockholm, Sweden
| subsid = Third Energy Onshore and Viking Oil and Gas
}}
Lundin Energy (former Lundin Petroleum) was an independent oil and gas exploration and production company formed from Lundin Oil in 2001 and based in Sweden with focus on operations in Norway.
Lundin Energy’s oil and gas business was purchased by Aker BP in July 2022 in a deal worth more than US$14 billion.{{cite web|title=Aker BP completes $14bn acquisition of Lundin Energy's E&P business|website=Offshore Technology|date=July 1, 2022|accessdate=February 12, 2023|url=https://www.offshore-technology.com/news/aker-bp-lundin-ep/}} The rest of the company continues to operate as a pure renewable energy business under the new name of Orrön Energy.{{cite web|title=Lundin Energy changes its name to Orrön Energy|website=Orrön Energy|date=July 1, 2022|accessdate=April 12, 2024|url=https://www.orron.com/lundin-energy-changes-its-name-to-orron-energy/}}
Lundin Energy had {{convert|671|e6oilbbl|e6m3|abbr=off|order=flip|lk=on|sigfig=3}} of oil equivalent of proven plus probable reserves at the end of 2020{{cite web | url=https://www.lundin-energy.com/investors/financial-reporting/ | title=Lundin-Energy | access-date=19 November 2021 | archive-date=19 November 2021 | archive-url=https://web.archive.org/web/20211119144558/https://www.lundin-energy.com/investors/financial-reporting/ | url-status=dead }} whereas contingent resources amounted to {{convert|276|e6oilbbl|e6m3|abbr=unit|order=flip|sigfig=2}}. The company's commercial success is overshadowed by a Swedish war crimes investigation into its past operations in Sudan. Chairman Ian Lundin and former CEO Alex Schneiter are the suspects of the preliminary investigation. In April 2020, the company changed its name from Lundin Petroleum AB to Lundin Energy AB.
Operations
Lundin Energy is fully focused on Norway where the company holds 89 licenses. Core areas are the Utsira High Area and Alvheim in the North Sea and the Loppa High in the southern Barents Sea.{{cite news |url=https://www.lundin-petroleum.com/operations/ |title=Operations |newspaper=Lundin Petroleum |publisher=Lundin Petroleum AB |accessdate=15 December 2017}}
In 2010, Lundin Energy discovered the Johan Sverdrup oil field, one of the largest oil discoveries ever made on the Norwegian continental shelf. Lundin Energy has a 20 percent working interest in the Johan Sverdrup oil field development project.{{cite news|url=https://www.lundin-energy.com/operations/licence-summary/|title=License Summary |newspaper=Lundin Energy |accessdate=26 May 2020}} Production from Phase 1 started on 5 October 2019 and reached plateau in April 2020, with plateau production of 535 thousand barrels (Mboepd) of oil per day.{{cite web|url=https://www.lundin-energy.com/increased-phases-1-2-plateau-rates-and-accelerated-ramp-up-at-johan-sverdrup/|title=Increased plateau production at Johan Sverdrup |date=30 March 2020 |publisher=Lundin Energy|accessdate=26 May 2020}} Phase 2 will add another processing platform to the field centre which is estimated to increase the processing capacity for the full field to 755 Mboepd.{{cite web|url=https://www.lundin-energy.com/operations/developments/norway-johan-sverdrup/|title=Johan Sverdrup project |publisher=Lundin Energy |accessdate=26 May 2020}} Phase 2 is scheduled to start production in 2022.{{cite press release|title=Further improvements on the Johan Sverdrup project|url=https://globenewswire.com/news-release/2017/09/04/1106818/0/en/Further-improvements-on-the-Johan-Sverdrup-project.html|year=2017|publisher=GlobeNewswire}}
Another important part of Lundin Energy's production is the Edvard Grieg oil field, located in PL338 on the Utsira High in the central North Sea. The Edvard Grieg field was discovered in 2007 and started production in November 2015.{{cite press release |url=https://globenewswire.com/news-release/2015/11/30/791113/0/en/First-oil-from-the-Edvard-Grieg-field-offshore-Norway.html |title=First oil from the Edvard Grieg field, offshore Norway |date=30 November 2015 |publisher=GlobeNewswire}} Another production hub is in the Alvheim area, located in the central part of the North Sea, and production from the fields in this hub started in 2008, 2010 and 2015.
Lundin Energy is one of the largest operated acreage holders and has been one of the most active explorers in Norway over the past 10 years. In October 2021, Lundin Energy announced it had acquired an additional 25 percent working interest{{cite web | url=https://www.upstreamonline.com/finance/lundin-energy-buys-omv-stake-in-norways-wisting-oilfield/2-1-1090880 | title=Lundin Energy buys OMV stake in Norway's Wisting oilfield | Upstream Online | date=29 October 2021 }} in the Wisting development,{{Cite web|url=https://www.offshore-technology.com/projects/wisting-oil-discovery-barents-sea/|title = Wisting Oil Discovery, Barents Sea}} increasing Lundin Energy´s working interest to 35 percent. Wisting is set to be one of the largest development projects{{Cite web|url=https://thebarentsobserver.com/en/industry-and-energy/2020/02/plenty-oil-barents-sea-says-petroleum-authority|title = Plenty of more oil in Barents Sea, says petroleum authority| date=24 February 2020 }} in the Barents sea over the next few years.
Decarbonisation plan
Lundin Energy is investing MUSD 800 to achieve carbon neutrality by 2023{{cite web | url=https://www.aa.com.tr/en/energy/news-from-companies/swedish-lundin-energy-accelerates-its-carbon-neutrality-aim-by-2-years/33611 | title=Swedish Lundin Energy accelerates its carbon neutrality aim by 2 years }} from operational emissions. As part of the decarbonization strategy, the company also replaced “Petroleum” with “Energy” in its name.{{Cite web |last=Meredith |first=Sam |date=2020-01-27 |title=Oil major pledges to become carbon neutral by 2030, drawing sharp criticism from climate activists |url=https://www.cnbc.com/2020/01/27/oil-lundin-petroleum-pledges-to-become-carbon-neutral-by-2030.html |access-date=2023-09-05 |website=CNBC |language=en}}
=Carbon capture projects=
To neutralise the residual emissions, Lundin Energy is investing in carbon capture projects. In January 2021 they signed a partnership with Land Life Company,{{Cite web|url=https://landlifecompany.com/news/land-life-company-launches-unparalleled-reforestation-program-in-spain-and-ghana|title = Landlife}} to invest MUSD 35 in reforestation projects capturing approximately 2.6 million tonnes of CO2. Another partnership was signed with EcoPlanet Bamboo[https://www.ecoplanetbamboo.com/ EcoPlanet Bamboo website] in September 2021 where the company will invest MUSD 9 in sustainable bamboo plantations capturing approximately 1.7 million tonnes of CO2 over 10 years.
= Carbon neutrally produced oil =
In April 2021, Lundin Energy made the world´s first certified carbon-neutrally produced crude sale from its Edvard Grieg field.{{cite news| url = https://www.spglobal.com/platts/en/market-insights/latest-news/oil/042621-norway-focused-lundin-makes-first-ever-certified-carbon-neutral-crude-sale| title = Norway-focused Lundin makes first-ever certified carbon-neutral crude sale {{!}} S&P Global Platts| date = 26 April 2021}} The field was independently certified{{Cite web|url=https://www.intertek.com/news/2020/07-29-intertek-issues-first-carbonclear-certification-to-lundin-energy-edvard-grieg-field/|title = Intertek issues world's first CarbonClear certification to Lundin Energy's Edvard Grieg Field, jointly demonstrating commitment to a low carbon energy future| date=29 July 2020 }} by Intertek Group plc (Intertek), under its CarbonClear certification at 3.4 kg of CO2e per boe. '
= Accusations of greenwashing =
Lundin Energy's decarbonisation plan has been called greenwashing by environmental organizations.{{Cite web |last=Sandin |first=Ossian |date=2021-08-31 |title=Lundin energy anmält för att marknadsföra koldioxidneutral oljeproduktion |url=https://tidningensyre.se/2021/31-augusti-2021/lundin-energy-anmalt-for-att-marknadsfora-koldioxidneutral-oljeproduktion/ |access-date=2023-09-05 |website=Syre |language=sv}} Isadora Wronski, head of Greenpeace Sweden told CNBC in 2020 that “Ridding ‘Petroleum’ from the company name does not change the fact that Lundin is in the oil business and their product is one of the environmentally most harming products there is."
The Lundin Foundation
The Lundin Foundation established and funded by the Lundin Group[https://thelundingroup.com/ Lundin Group] of Companies. As part of its wider decarbonisation strategy, Lundin Energy currently supports seven start-ups and accelerators in low-carbon technology and innovation through the Lundin Foundation. One of these is Ocean Harvesting Technologies (OHT),[https://oceanharvesting.com/ Ocean Harvesting Technologies] a pre-commercial wave energy company that explores the use of wave energy converters (WECs){{Cite web|url=http://www.coastalwiki.org/wiki/Wave_energy_converters|title=Wave energy converters - Coastal Wiki}} used to cut emissions from oil and gas production at sea. Lundin Energy is currently involved in a project with OHT on its Edvard Grieg field,{{Cite web|url=https://www.upstreamonline.com/energy-transition/lundin-probes-wave-power-for-significant-challenges-of-offshore-decarbonisation/2-1-1003213|title = Lundin probes wave power for 'significant challenges' of offshore decarbonisation | Upstream Online|date = 29 April 2021}} to explore the potential of using wave energy to decarbonise production of oil and gas on platforms. If successful, it could be used to decarbonise platforms far from shore.{{Cite web|url=https://www.offshore-energy.biz/ocean-harvesting-commissions-infinitywec-test-rig/|title = Ocean Harvesting commissions InfinityWEC test rig|date = 19 November 2021}}
Lundin Energy also supports{{Cite web|url=https://nordic9.com/news/evoy-raised-nok-9-5m-from-lundin-foundation-planet-9-ventures-link-vc-greenstat-and-presttun-as-news3078981307/|title = Evoy raised NOK 9.5M from Lundin Foundation, Planet 9 Ventures, Link VC, Greenstat and Presttun AS}} Evoy,https://www.evoy.no/ {{Bare URL inline|date=August 2024}} a company that develops 100% electric motor systems for high-speed boats which has the potential of reducing emissions in the boating industry. Lundin Energy further support Katapult Climate{{cite web | url=https://www.openframe.org/2021/10/18/katapult-announces-its-2021-portfolio-companies/ | title=Katapult announces its 2021 portfolio companies | date=18 October 2021 }} with its Climate Accelerator Program{{Cite web|url=https://katapult.vc/climate/|title = Katapult Climate | Investing in climate tech startups}} that targets innovative tech entrepreneurs that advance zero and low carbon solutions at scale.
History
Lundin has been involved in oil exploration and production for over thirty years. Lundin Petroleum can trace its roots back to the early eighties in the form of International Petroleum, then International Petroleum Corporation, followed by Lundin Oil in the late nineties before emerging as Lundin Petroleum in 2001{{cite web |url=https://www.lundin-petroleum.com/the-company/history/ |title=History |publisher=Lundin Petroleum AB |accessdate=15 December 2017}} and becoming Lundin Energy in 2020.
The company was formed in 2001 following the takeover of Lundin Oil AB by Canadian independent Talisman Energy, Lundin Petroleum AB is a Swedish oil company traded on the Stockholm Stock Exchange. In the summer of 2003, Lundin Petroleum sold its working interest in Block 5A to Petronas Carigali for US$142.5 million. In 1998 the company discovered the En Naga North and West field in southern part of the Sirte Basin, Libya. After a successful appraisal program in 1998 and 1999 the field was declared. The commercial and development program commenced. Development included the construction of a central production facility, 100 km pipeline together with the drilling of 20 production, 15 injector and 15 water supply wells. Recoverable reserves were estimated to be approximately {{convert|100|e6oilbbl|e6m3|abbr=off|lk=on}} of oil equivalent. In Tunisia, the Oudna field development (Lundin Petroleum 40% working interest) was successfully completed and production commenced in November 2006.{{cite web |url=http://www.lundin-petroleum.com/Documents/ar_2006_e.pdf |title=Annual Report 2006 |publisher=Lundin Petroleum |date= |accessdate=2011-10-21 |archive-date=26 October 2007 |archive-url=https://web.archive.org/web/20071026190842/http://www.lundin-petroleum.com/Documents/ar_2006_e.pdf |url-status=dead }}
In 2002, Lundin Petroleum acquired Coparex International from BNP Paribas, adding exploration and production assets in France, Netherlands, Tunisia, Venezuela, Indonesia and Albania to the existing portfolio. The acquisition transformed Lundin Petroleum from a pure exploration company into a larger E&P player. In early 2003, Lundin Petroleum entered Norway for the first time by acquiring 75 percent of the shareholding in Norwegian OER oil. In 2004, Lundin Petroleum acquired a portfolio of producing assets in the UK from DNO AS, doubling Lundin Petroleum's reserves to {{convert|138|e6oilbbl|e6m3|abbr=unit|order=flip}} of oil equivalent and increased production to {{convert|28,900|oilbbl|m3|order=flip}} per day of oil equivalent.
In April 2010 it demerged its assets on the United Kingdom Continental Shelf into Petrofac's Energy Developments unit to form the stand-alone company EnQuest.{{citation needed|date=November 2021}}
In 2010, Lundin Petroleum made a large discovery on the Avaldsnes prospect in PL501 on the Utsira High in the North Sea, estimated to contain recoverable resources of {{convert|100|to|400|e6oilbbl|e6m3|order=flip|abbr=unit}} of oil equivalent. The discovery was later renamed Johan Sverdrup oil field.{{cite press release|url=https://globenewswire.com/news-release/2010/09/17/248472/0/en/LUNDIN-PETROLEUM-MAKES-A-SIGNIFICANT-DISCOVERY-OFFSHORE-NORWAY.html |title=Lundin Petroleum makes a significant discovery offshore Norway |date=17 September 2010 |publisher=Globe Newswire}}
In 2014, Lundin Petroleum made an oil and gas discovery on the Alta prospect in PL609 on the Loppa High in the southern Barents Sea. The discovery is located 20 km northeast of the Gohta discovery well and some 160 km from the Norwegian coast and is estimated to contain resources of {{convert|125|to|400|e6oilbbl|e6m3|order=flip|abbr=unit|sigfig=2}} of oil equivalent.{{cite press release|url=https://globenewswire.com/news-release/2014/10/14/672812/0/en/Lundin-Petroleum-finds-oil-and-gas-in-the-Alta-well-in-PL609-in-the-Barents-Sea.html |title=Lundin Petroleum finds oil and gas in the Alta well in PL609 in the Barents Sea |date=14 October 2014 |publisher=Globe Newswire}}
In February 2015, it has started drilling exploration well 16/1-24, located in the Gemini prospect of the North Sea. The well is located in PL338C south-west of the Edvard Grieg field, offshore Norway. It will test the reservoir properties and hydrocarbon potential of Lower Paleocene aged sandstones of the Ty Formation. The Gemini prospect is estimated to contain unrisked, gross prospective resources of {{convert|93|e6oilbbl|e6m3|order=flip|abbr=unit}} of oil equivalent. The Island Innovator semi-submersible drilling rig will be used to drill the well to a planned total depth of 2,192m below mean sea level.{{cite web|url=http://www.offshore-technology.com/news/newslundin-petroleum-starts-161-24-exploration-well-drilling-gemini-prospect-4513703 |title=Lundin Petroleum starts 16/1-24 exploration well drilling on Gemini prospect|date=16 February 2015}}{{cite news|title=Lundin spuds test well in offshore Norway Gemini prospect|url=http://petroglobalnews.com/2015/02/lundin-spuds-test-well-in-offshore-norway-gemini-prospect/|accessdate=18 February 2015|publisher=Petro Global News}} The Gemini exploration well was completed as a dry well in March 2015.{{cite press release|url=https://globenewswire.com/news-release/2015/03/17/715762/0/en/The-Gemini-exploration-well-offshore-Norway-has-been-completed-as-a-dry-well.html |title=The Gemini exploration well, offshore Norway has been completed as a dry well |date=17 March 2015 |publisher=Globe Newswire}}
In 2015, three field developments were completed and started production: the Bøyla field and the Edvard Grieg oil field in Norway and the Bertam field in Malaysia.{{cite web |url=https://www.lundin-petroleum.com/Documents/ar_2015_e.pdf |title=Annual Report 2015 |publisher=Lundin Petroleum AB |accessdate=15 December 2017}}
In April 2017, Lundin Petroleum spun-off its producing assets outside of Norway into a new company called International Petroleum Corporation (IPC). Following the spin-off, Lundin Petroleum is a fully Norway focused company.{{cite press release|url=https://globenewswire.com/news-release/2017/02/13/916254/0/en/Lundin-Petroleum-proposes-spin-off-of-its-non-Norwegian-producing-assets-into-an-independent-oil-and-gas-company.html |title=Lundin Petroleum proposes spin-off of its non-Norwegian producing assets into an independent oil and gas company |date=13 February 2017 |publisher=Globe Newswire}}
Following the approval by the AGM 2020, the company changed its name from Lundin Petroleum to Lundin Energy, to better reflect its decarbonization strategy and broadening of its energy mix.{{cite web|url=https://www.lundin-energy.com/launch-of-the-decarbonisation-strategy-targeting-carbon-neutrality-by-2030-and-proposed-name-change-to-lundin-energy-ab/|title=Lundin Petroleum changes name to Lundin Energy |date=27 January 2020 |publisher=Lundin Petroleum}}
Leadership
Founder Adolf H. Lundin also founded Lundin Mining in 1994.[http://www.lundinmining.com/s/History.asp Company History] Lunding mining. Investors Lundin died in 2006 at the age of 73.{{cite web |url=https://www.lundin-petroleum.com/the-company/history/page/2/ |title=History |publisher=Lundin Petroleum AB |accessdate=15 December 2017}} In June 2015, Alex Schneiter was appointed president and chief executive officer of Lundin Petroleum, effective October 2015.{{cite press release|title=Alex Schneiter appointed as President and CEO of Lundin Petroleum|url=http://globenewswire.com/news-release/2015/06/22/746027/0/en/Alex-Schneiter-appointed-as-President-and-CEO-of-Lundin-Petroleum.html|website=GlobeNewsWire|date=22 June 2015}} The Company announced the appointment of Nick Walker as the company's new president and CEO In August 2020, effective 1 January 2021.{{Cite web|title=Lundin Energy Appoints New CEO|url=https://www.rigzone.com/news/lundin_energy_appoints_new_ceo-19-aug-2020-163059-article/|access-date=2020-08-20|website=www.rigzone.com|language=en}}
Accusations of complicity in war crimes
In her book Affärer i blod och olja: Lundin Petroleum i Afrika{{cite web |url=http://www.ne.se/report/fullreport.jsp?i_sect_id=RP94080&blogVisit=podium |first=Arne |last=Järtelius |title=Blod och olja |publisher=Nationalencyklopedin |date= |accessdate=2011-10-21}} (Business in blood and oil: Lundin Petroleum in Africa) journalist Kerstin Lundell claims that the company had been complicit in several crimes against humanity, including death shootings and the burning of villages.{{cite web|url=http://www.ordfront.se/Ordfrontmagasin/Artiklar%202010/Kerstin%20Lundell%20Tystnadens%20triumf%202_10.aspx |archive-url=https://web.archive.org/web/20100822164917/http://www.ordfront.se/Ordfrontmagasin/Artiklar%202010/Kerstin%20Lundell%20Tystnadens%20triumf%202_10.aspx |url-status=dead |archive-date=2010-08-22 |title=Tystnadens triumf |publisher=Ordfront Magazine |first=Kerstin |last=Lundell |issue=2 |year=2010 }}
In June 2010, the European Coalition on Oil in Sudan (ECOS){{cite web |url=https://ecosonline.org |publisher=European Coalition on Oil in Sudan |title=ECOS Database}} published the report Unpaid Debt,{{cite web |url=https://unpaiddebt.org/unpaid-debt-report |publisher=European Coalition on Oil in Sudan |accessdate=28 June 2019 |title=Unpaid Debt, The legacy of Lundin, Petronas, and OMV in Block 5A, Sudan, 1997-2003}} which called upon the governments of Sweden, Austria and Malaysia to look into allegations that the companies Lundin Petroleum, OMV, and Petronas have been complicit in the commission of war crimes and crimes against humanity whilst operating in Block 5A, South Sudan (then Sudan) between 1997 and 2003. The reported crimes include indiscriminate attacks and intentional targeting of civilians, burning of shelters, pillage, destruction of objects necessary for survival, unlawful killing of civilians, rape of women, abduction of children, torture, and forced displacement. Approximately {{formatnum:12000}} people died and {{formatnum:160000}} were forcibly displaced from their land and homes, many forever. Satellite pictures taken between 1994 and 2003 show that the activities of the three oil companies in Sudan coincided with a spectacular drop in agricultural land use in their area of operation.{{cite web |url=http://www.ecosonline.org/reports/2009/Satellite_mapping_Block5a_small.pdf |publisher=Prins Engineering |date=30 August 2009 |title=Satellite mapping Block 5A |accessdate=28 June 2019}}
Also in June 2010, the Swedish public prosecutor for international crimes opened a criminal investigation into links between Sweden and the reported crimes. In 2016, Lundin's Chairman Ian H. Lundin and CEO Alex Schneiter were informed that they were the suspects of the investigation. Sweden's Government gave the green light for the Public Prosecutor in October 2018 to indict the two top executives.{{cite web |url=https://www.justiceinfo.net/en/reparations/39348-lundin-faces-prosecution-for-sudan-oil-war-abuses.html |title=Lundin faces prosecution for Sudan oil war abuses |publisher=Justice Info |date=23 October 2018 |accessdate=28 June 2019}} On 1 November 2018, the Swedish Prosecution Authority notified Lundin Petroleum that the company may be liable to a corporate fine and forfeiture of economic benefits of 3,285 million SEK (app. €315 million) for involvement in war crimes and crimes against humanity.{{cite web |url=https://www.lundin-petroleum.com/download/lundin-petroleum-receives-information-regarding-a-potential-corporate-fine-and-forfeiture-of-economic-benefits-in-relation-to-past-operations-in-sudan/?wpdmdl=14539/ |publisher=Lundin Petroleum website |title=Regulatory disclosure |accessdate=28 June 2018}} Consequently, the company itself will also be charged albeit indirectly, and will be legally represented in court. On 15 November 2018 the suspects were served with the draft charges and the case files.{{cite web |url=https://unpaiddebt.org/lundin-petroleum-receives-indictment/ |title=Lundin Petroleum Receives Final Notice before Indictment |accessdate=29 June 2019}} In June 2020, the Swedish Prosecution Authority announced that the investigation was complete. ‘We believe we have sufficient grounds for a prosecution’, said Chief Prosecutor Henrik Attorps to Dagens Nyheter,{{cite web |url=https://unpaiddebt.org/lundin-investigation-completed-the-prosecutor-sufficient-grounds-for-prosecution/ |publisher=Unpaid Debt | title=Lundin investigation completed. Prosecutor: "Sufficient grounds for indictment" |accessdate=5 July 2021}} indicating a firm intention to take the case to court. Defence lawyers have been filing series of legal requests to end the investigation, that have all been denied by the Courts. In June 2021, the prosecutor wrote to the District Court of Stockholm that he planned to finish the investigation before July.
The Lundin case raises the issue of access to remedy and reparation for victims of human rights violations linked with business activities. Lundin Energy now endorses the UN Guiding Principles on Business and Human Rights, acknowledging the duty of business enterprises to contribute to effective remedy of adverse impact that it has caused or contributed to.{{cite web |url=https://www.lundin-energy.com/download/cr_humanrights_policy_e/ |title=Lundin Energy Human rights Policy |accessdate=23 April 2020}} In May 2016, representatives of communities in Block 5A claimed their right to remedy and reparation and called upon Lundin and its shareholders to pay off their debt.{{cite web |url=https://unpaiddebt.org/remedy-claim/ |publisher=Unpaid Debt |title=Victim's Remedy Claim |accessdate=2 July 2018}} The company has denied responsibility and therefore has not yet provided remedies and reparations to the victims.
The company has never refuted publicly reported incriminating facts. Nor has it substantiated its claim that its activities contributed to the improvement of the lives of the people of Sudan.{{cite web |url=https://www.lundin-petroleum.com/Documents/cr_corp_gov_15_e.pdf |title=Corporate Governance Report 2015 |accessdate=28 June 2019}} It never showed an interest in the consequences of the oil war for the communities in its concession area. A shareholder proposal to adopt a human rights friendly legal strategy that takes into account the victims' right to access to justice and prompt redress, was almost unanimously rejected by the 2021 Annual General Meeting of the company. The company maintains a website about its activities in Sudan,{{cite web |url=https://www.lundinhistoryinsudan.com |title=Lundin History in Sudan}} as well as one that is dedicated to the criminal case.{{cite web |url=https://lundinsudanlegalcase.com |title=Lundin Sudan Legal Case}}
Criticism has also been directed towards former Minister for Foreign Affairs Carl Bildt, a former board member for the company, responsible for ethics.PM Nilsson, [http://expressen.se/index.jsp?a=827463 "Bildt måste gå"] {{Webarchive|url=https://web.archive.org/web/20070212131050/http://expressen.se/index.jsp?a=827463 |date=2007-02-12 }}, Expressen, 11 January 2007 {{in lang|sv}}.Fredrik Malm, [http://expressen.se/index.jsp?a=832593 "Bildt måste byta politik eller avgå"] {{Webarchive|url=https://web.archive.org/web/20070218054723/http://expressen.se/index.jsp?a=832593 |date=18 February 2007 }}, Expressen, 15 January 2007 {{in lang|sv}}. Ethiopia arrested the two Swedish journalists Johan Persson and Martin Schibbye and held them for 14 months before releasing them. Conflict Ethiopian Judicial Authority v Swedish journalists 2011 was caused as the journalist studied report of human rights violation in the Ogaden in connection with activities of Lundin Petroleum.[https://web.archive.org/web/20121014180916/http://en.rsf.org/ethiopia-reporters-without-borders-hails-10-09-2012,43357.html Reporters Without Borders hails Swedish journalists’ release] Reporters Without Borders 10 September 2012
As a corporation, Lundin has not yet been charged criminally. A criminal trial of this nature against Lundin would become a landmark case because of the novelty and complexity of the legal issues that the Swedish court will have to decide. On 23 May 2019, the T.M.C. Asser Institute for International Law in The Hague organized a Towards criminal liability of corporations for human rights violations: The Lundin case in Sweden.{{cite web |url=https://www.youtube.com/watch?v=PEwrVwXN-nA |title=Towards criminal liability of corporations for human rights violations: The Lundin case in Sweden|website=YouTube|date=23 May 2019 }}
Thomas Alstrand from the Swedish Prosecution Authority in Gothenburg on 13 February 2019 announced that a second criminal investigation had been opened into threats and acts of violence against witnesses in the Lundin war crimes investigation.{{cite news |url=https://www.dn.se/ekonomi/lundintoppar-misstanks-for-anstiftan-till-overgrepp-i-rattssak |title=Lundintoppar misstänks för anstiftan till övergrepp i rättssak|newspaper=Dagens Nyheter |date=13 February 2019|language=sv |trans-title=Lundin top management suspected of perverting the course of justice |accessdate=28 June 2019}} They have allegedly been pressured not to testify in court. Several witnesses have been granted asylum in safe countries through UNHCR supported emergency protection procedures. The company has confirmed that its CEO and chairman have been officially informed by the prosecutor about the allegation, noting that it believes that it is completely unfounded. Witness tampering is usually intended to prevent the truth from being exposed in court. The second investigation into obstruction of justice seems to contradict the company's assertions of its good faith cooperation with the war crimes investigation.
On 11 November 2021, top executives Ian Lundin and Alex Schneiter were indicted in Stockholm District Court for abetting grave war crimes in Sudan. They risk life sentences if convicted.{{Cite news|date=2021-11-11|title=Sweden charges Lundin Energy executives with complicity in Sudan war crimes|language=en|work=Reuters|url=https://www.reuters.com/world/africa/sweden-charges-lundin-energy-executives-complicity-sudan-war-crimes-2021-11-11/|access-date=2021-11-11}}{{Cite news|last=Sweden|first=Radio|date=2021-11-11|title=Swedish oil representatives indicted on complicity in grave war crimes in Sudan|language=en|work=Sveriges Radio|url=https://sverigesradio.se/artikel/swedish-oil-representatives-indicted-on-complicity-in-grave-war-crimes-in-sudan|access-date=2021-11-11}}{{Cite web|title=Prosecution for complicity in grave war crimes in Sudan|url=https://www.aklagare.se/en/media/press-releases/2021/november/prosecution-for-complicity-in-grave-war-crimes-in-sudan/|access-date=2021-11-11|website=Åklagarmyndigheten|language=en}}
The Dutch peace organization PAX and Swedish NGO Global Idé will provide daily English language coverage of proceedings, expert analyses and comments on the website Unpaid Debt.{{cite web|last=|first=|date=|title=Unpaid Debt|url=https://www.paxforpeace.nl/stay-informed/in-depth/unpaid-debt|access-date=|website=}}
References
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External links
{{Portal|Energy|Sweden|Companies}}
- {{Official website|http://www.lundin-petroleum.com}}
- [https://archive.today/20130118151749/http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=LUPE:SS Bloomberg Businessweek.com: Company profile of Lundin Petroleum]
- [https://www.hrw.org/reports/2003/sudan1103/index.htm Human Rights Watch.org: "Sudan, Oil, and Human Rights"] — (September 2003, {{ISBN|1-56432-291-2}})
- [https://www.ejiltalk.org/the-road-less-traveled-how-corporate-directors-could-be-held-individually-liable-in-sweden-for-corporate-atrocity-crimes-abroad/ EJIL: Talk! Blog of the European Journal of International Law "The Road Less Traveled: How Corporate Directors Could be Held Individually Liable in Sweden for Corporate Atrocity Crimes Abroad"] – (13 November 2018)
- [https://www.unpaiddebt.org Website by PAX dedicated to the case of Lundin Petroleum and its senior managers, OMV and Petronas]
- [https://lundinhistoryinsudan.com Website by Lundin Petroleum about the war crimes allegations]
- [https://www.youtube.com/watch?v=PEwrVwXN-nA T.M.C. Asser Institute talk: Towards criminal liability of corporations for human rights violations: The Lundin case in Sweden]
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Category:Oil companies of Sweden
Category:Companies based in Stockholm
Category:Energy companies established in 2001
Category:Non-renewable resource companies established in 2001
Category:2001 establishments in Sweden