Lundin Petroleum has a proven track record of finding, developing and producing oil and gas resources. With our energy, expertise and an exciting portfolio of assets we aim to deliver long-term sustainable growth.
Letter to shareholders – C. Ashley Heppenstall, CEO Words from the Chairman – Ian H. Lundin Our business, vision and strategy Market overview 4 6 8 9
Operations Reserves, resources and production Core area - Europe Core area - Russia Core area - South East Asia Other operations 12 13 16 21 22 23
Corporate responsibility Corporate governance report - Internal control and risk management - Board of directors - Management - Risk factors 24 30 36 38 39 40
The Lundin Petroleum share and shareholders Five year financial summary Directors’ report Income statement Statement of comprehensive income Balance sheet Statement of cash flow Statement of changes in equity Key financial data Accounting principles Notes to the financial statements of the group Annual accounts of the parent company Notes to the financial statements of the parent company Board assurance Financial reporting dates Auditors’ report Reserve quantity information Definitions 41 44 45 54 55 56 57 58 59 60 67 84 88 90 90 91 92 93
Definitions: References to “Lundin Petroleum” or “the Company” pertain to the corporate group in which Lundin Petroleum AB (publ) (company registration number 556610–8055) is the parent company or to Lundin Petroleum AB (publ), depending on the context.
Lundin Petroleum ANNUAL REPORT 2009