Exploration and Marginal Field Development Growth in Africa Alex Schneiter, Executive VP & Chief Operating Officer WF9679 07.07 Cape Town, October 2007
Lundin Petroleum - A Diversified Portfolio United Kingdom Norway Russia 1 production licence, 4 producing licences, 5 production licences, 2 development licences, 1 exploration licence 20 exploration licences 22 exploration…
The Lundin Group Areas of Operation - Africa LUNDIN PETROLEUM Tunisia - Oudna Field Oil production LUNDIN MINING Eritrea / Morocco / Burkina Faso Investments in mineral exploration RED BACK MINING Mauritania / Ghana Gold…
Company Profile PRODUCTION (BOEPD) 2P RESERVES (MMBOE) MARKET CAPITALISATION (MUSD) as at 16 October 2007 40,000 200 10,000 30,000 150 8000 20,000 100 6000 10,000 50 0 0 4000 02 03 04 05 06 07 02 03 04 05 06 07 Contingent…
Last Decade - African Developments 1998 - En Naga Field, Onshore Libya 1999 -Thar Jath Field, Onshore Sudan 2006 - Oudna Field, Offshore Tunisia Lundin as operator discovers and Lundin as operator discovers the Lundin Petroleum…
Africa Exploration - Increasing Company Focus Forecast approximately 20% of the Companys total production in 2007 to come from Africa Estimate 25% of the Companys total 5.4bn barrels of unrisked prospective resources to be in…
Lundin Petroleums African Strategy High risk, high reward frontier exploration target prospects with significant resource potential Marginal field development creative designs quick pay-back WF9807 10.07
Lundin Petroleum - African Assets Nigeria ATL ANTI C OCEAN Sudan TUNISIA - 5B: Partner with Petronas MOROCCO Tunisia (operator) Sudapet, ONGC Videsh. ALGERIA WESTERN - 2D seismic ongoing SAHAR A LIBYA EGYPT - Produced 7…
Africa - an Increasing New Ventures Focus Exploration Ethiopia - Signed PSC in fourth quarter 2006 Ethiopia - Signed two PSCs in third quarter 2007 Kenya - Signed PSC in fourth quarter 2007 Congo Brazzaville - Signed PSC in first…
Exploration - Sudan, Block 5B Block B Central EGYPT Thar Jath (Dev) LIBYA 0 Km 20 Re Duar d Se nal a Thar Jath Port Sudan lei Ca Baang 1 Block 5B Jong Jarayan 1 CHAD ERITREA Block 5A Haar Khartoum…
Exploration - Sudan, Block 5B UD-1 well site preparation Nuong Dock seismic camp Barges and drilling equipment at Kosti logistics base before transit to well location WF9171 10.07
Exploration - Ethiopia Three PSAs signed in 2006 and 2007 100% operated by Lundin East Africa BV Ogaden Basin Adigala Calub 2.7 Tcf & Blocks 2 & 6 (Nov 06) Hilala 1.35 Tcf - 24,514 km2 Blocks 7 & 8 (July 07) Gelenso heavy oil…
Exploration - Kenya El Harr Block 3E a Unity 1A Afric UnityMunga 1B South Beneshangul Gumuz Kaikang 4 Mala 1 Miyan 1 Thar Jath (Dev) Block 7E Block 5A Block B North-East Block A PSA signed for Block 10A, Anza…
Tunisia, Oudna Field - Marginal Field Development Discovery well in 1978 (Shell) Tested cumm. rate of 7,000 bopd (41) Miocene sandstone reservoirs Negotiated fiscal and technical solution Water Depth: 264m Successful testing of…
Tunisia, Oudna Field - Marginal Field Development Lundin Petroleum 40% (operator) Atlantis 40% ETAP 20% back-in right exercised March 2007 Production forecast for 2007 of 14,000 bopd (gross) Water breakthrough and production…
Conclusion Over 20 years of operational experience in Africa Well established projects across Africa Proven track record in Africa Exploration success resulting in commercial developments (Libya, Sudan) Able to secure new…
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