Type
Business expansion
Country
Norway
Region
Location of affected unit(s)
Sector
Mining / Quarrying
Mining And Quarrying
Extraction Of Crude Petroleum And Natural Gas
06.1 - Extraction of crude petroleum

100 jobs
Number of planned job creations
Job creation
Announcement Date
7 March 2014
Employment effect (start)
7 March 2014
Foreseen end date
31 December 2014

Description

Petroleum company Lundin Norway has announced that it will employ 100 new staff members.

Lundin is currently investing heavily in its activities on the Norwegian continental shelf and is increasing its search activities in the Barents Sea as other petroleum companies are reducing their budgets. Lundin is to invest between USD 1.5 billion and USD 1.7 billion on the Norwegian continental shelf in 2014, more than half of which will be invested in search activity.


Sources

  • 5 March 2014: Stavanger Aftenblad
  • 7 March 2014: Stavanger Aftenblad

Citation

Eurofound (2014), Lundin Norway, Business expansion in Norway, factsheet number 76835, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76835.