Lundin Energy’s oil and gas business was purchased by Aker BP in July 2022 in a deal worth more than US$14 billion.

[9] 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.

In January 2021 they signed a partnership with Land Life Company,[16] to invest MUSD 35 in reforestation projects capturing approximately 2.6 million tonnes of CO2.

In April 2021, Lundin Energy made the world´s first certified carbon-neutrally produced crude sale from its Edvard Grieg field.

In 1998 the company discovered the En Naga North and West field in southern part of the Sirte Basin, Libya.

In Tunisia, the Oudna field development (Lundin Petroleum 40% working interest) was successfully completed and production commenced in November 2006.

[31] 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.

In early 2003, Lundin Petroleum entered Norway for the first time by acquiring 75 percent of the shareholding in Norwegian OER oil.

[30] In 2004, Lundin Petroleum acquired a portfolio of producing assets in the UK from DNO AS, doubling Lundin Petroleum's reserves to 21.9 million m3 (138 million bbl) of oil equivalent and increased production to 4,590 cubic metres (28,900 bbl) per day of oil equivalent.

[32] 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.

[41] In June 2015, Alex Schneiter was appointed president and chief executive officer of Lundin Petroleum, effective October 2015.

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.

[49] 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.

‘We believe we have sufficient grounds for a prosecution’, said Chief Prosecutor Henrik Attorps to Dagens Nyheter,[52] indicating a firm intention to take the case to court.

The Lundin case raises the issue of access to remedy and reparation for victims of human rights violations linked with business activities.

[53] 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.

[57] Criticism has also been directed towards former Minister for Foreign Affairs Carl Bildt, a former board member for the company, responsible for ethics.

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.

Asser Institute for International Law in The Hague organized a Towards criminal liability of corporations for human rights violations: The Lundin case in Sweden.

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.

On 11 November 2021, top executives Ian Lundin and Alex Schneiter were indicted in Stockholm District Court for abetting grave war crimes in Sudan.

[63][64][65] 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.