The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Mining / Quarrying 06 - Extraction of crude petroleum and natural gas 06.1 - Extraction of crude petroleum 06.1 - Extraction of crude petroleum
100 jobs Number of planned job creations
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://apps.eurofound.europa.eu/restructuring-events/detail/76835.