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AGM 2007 – Lundin Petroleum

Lundin Petroleum · May 16, 2007 · 31 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. AGM 2007 – Lundin Petroleum – slide 1
    AGM 2007 Ashley Heppenstall, President & CEO WF9600 Stockholm, 16 May 2007
  2. AGM 2007 – Lundin Petroleum – slide 2
    Production Development 2005 Actual 2006 2004 33,100 BOEPD Actual Actual 29,400 BOEPD 28,900 BOEPD 2003 Actual 2002 16,100 BOEPD Actual 14,010 BOEPD 2001 NIL WF9586 05.07
  3. AGM 2007 – Lundin Petroleum – slide 3
    Production Development First Quarter 2007 Actual 39,900 BOEPD 2005 Actual 2006 2004 33,100 BOEPD Actual Actual 29,400 BOEPD 28,900 BOEPD 2003 Actual 2002 16,100 BOEPD Actual 14,010 BOEPD 2001 NIL WF9586 05.07
  4. AGM 2007 – Lundin Petroleum – slide 4
    Production Development Production Increase 70% End 2007 Forecast 50,000 BOEPD First Quarter 2007 Actual 39,900 BOEPD 2005 Actual 2006 2004 33,100 BOEPD Actual Actual 29,400 BOEPD 2003 28,900 BOEPD + 70% Actual 2002…
  5. AGM 2007 – Lundin Petroleum – slide 5
    Share Price History Annualised growth over period 86% p.a. SEK / share 120 100 80 60 40 20 0 2001 2002 2003 2004 2005 2006 2007 WF9381 05.07
  6. AGM 2007 – Lundin Petroleum – slide 6
    Historical Reserves 200 180 160 140 Russia Norway 120 U.K. MMboe Venezuela 100 Tunisia 80 Indonesia Netherlands 60 France 40 20 0 2003 2004 2005 2006 2007 WF9192 05.07
  7. AGM 2007 – Lundin Petroleum – slide 7
    2007 Proven & Probable Reserves Total 176.4 MMboe Russia (30.3) France (22.6) Netherlands (5.4) Gas 10.9% Indonesia (17.6) Oil 89.1% 176.4 Norway (47.2) Tunisia (3.8) UK (49.3) Increase in Reserves 29% Reserves Replacement…
  8. AGM 2007 – Lundin Petroleum – slide 8
    A Diversified Portfolio United Kingdom Norway Russia Profit 2006 5 production licences, 1 production licence, 4 producing blocks, 1 development licence, 1 exploration licence SEK 800 Million 20 exploration licences 22 exploration…
  9. AGM 2007 – Lundin Petroleum – slide 9
    2006 Acquisition Norway Russia UK Artic Ocean SWEDEN KOMI REGION PEIK 009 ORENBURG REGION RUSSIA 0025 UKRAINE Black Sea UK KALMYKIA REGION Caspian KAZAKHSTAN Sea NORWAY 0 Kilometres 10 IRAN CHINA
  10. AGM 2007 – Lundin Petroleum – slide 10
    2006 New Venture Vietnam Ethiopia Singapore Congo (Brazzaville) GABON 0 KM 50 DJIBOUTI Ho Chi Minh 0 KM 100 CONGO (Brazzaville) ETHIOPIA VIETNAM BLOCKS 2 & 6 MARINE XI SOMALIA ANGOLA CONGO KENYA (Kinshasa) 0…
  11. AGM 2007 – Lundin Petroleum – slide 11
    USD 520 Million Capital Investment - 2007 Norway UK Russia France Development - USD 290 million Norway - Alvheim field, onstream 2007 - Volund field, onstream 2009 Sudan Indonesia UK - Broom field, infill drilling - Heather…
  12. AGM 2007 – Lundin Petroleum – slide 12
    Norway - Alvheim Project - First Oil Third Quarter WF9588 05.07
  13. AGM 2007 – Lundin Petroleum – slide 13
    Alvheim Area 0 Kilometres 10 Lundin Operator 9/10c Lundin Interest Blocks PL413 PL413 PL363 2P Reserves PL413 Contingent Alvheim VALE Resources 9/9e 9/10b W Prospective Resources PL088 PL088BS 9/15a 009 E.…
  14. AGM 2007 – Lundin Petroleum – slide 14
    Alvheim Area 0 Kilometres 10 Lundin Operator 9/10c Lundin Interest Blocks PL413 PL413 PL363 2P Reserves PL413 Contingent VALE Resources 9/9e 9/10b W Prospective Resources PL088 PL088BS 9/15a 009 E. KAMELEON…
  15. AGM 2007 – Lundin Petroleum – slide 15
    Alvheim Area 0 Kilometres 10 Lundin Operator 9/10c Lundin Interest Blocks LeadPL413 Mon PL413 2P Reserves Prospect A PL413 PL363 Contingent Resources 9/9e Lead Maybe Prospect B 9/10b W Prospective Resources Lead C PL088…
  16. AGM 2007 – Lundin Petroleum – slide 16
    Contingent Resources - Existing Discoveries 133 MMboe net Lundin Petroleum Congo (Brazzaville), 6.6 Indonesia, 9.3 Norway, 45.1 France, 12.4 Tunisia, 4.9 UK, 54.7 WF9257 03.07
  17. AGM 2007 – Lundin Petroleum – slide 17
    Norwegian Undeveloped Discoveries PL006c: South East Tor 75% interest (operator) gross resources: 22.5 mmboe PL148 7/7-2: Nemo 50% interest (operator) gross resources: 20.6 mmboe Appraisal drilling in Q3 2007 PL292: Phi South…
  18. AGM 2007 – Lundin Petroleum – slide 18
    USD 230 Million Exploration Work Programme - 2007 Other + NV (14) Vietnam (8) Indonesia Salawatis (10) UK (57) Sudan (27) Total 230 MUSD Norway (41) Russia (73) Unrisked Prospective Resource Country Wells Area Potential…
  19. AGM 2007 – Lundin Petroleum – slide 19
    2007 North Sea Drilling Activity 6204 6203 216 Lundin Petroleum assets prior 217 to 2007218 219 220 6201 6202 6203 6204 Lundin Petroleum 6103 licence awards 2007 6106 6105 6104 214 0033 208 209 0036 Tromso 213 210 0034 0035…
  20. AGM 2007 – Lundin Petroleum – slide 20
    Licence Awards in the North Sea 2006 Norway APA 2006 - 7 licences awarded UK 24th Round 2006 - 6 licences awarded Awards from APA 2006 & UK 24th Rounds (2) (1) (4) Non-operated 12 (1) Operated (2) Well commitments No of…
  21. AGM 2007 – Lundin Petroleum – slide 21
    Russia Exploration - Lagansky Block 2 exploration wells in 2007 Tengutinskoye Lundin Promyslovskoye Concession Sallkhinskaya Oleynikovskoye Mezhevoye Oil Field Gas Field Kurgannoye Petroskaya Lead Kamyshanskoye S. Gas…
  22. AGM 2007 – Lundin Petroleum – slide 22
    Russia - Lagansky Block WF9588 sw 05.07
  23. AGM 2007 – Lundin Petroleum – slide 23
    Sudan - Block 5B Block B Central EGYPT Thar Jath (Dev) LIBYA Re Duar 0 Km 20 d Se nal a Thar Jath Port Sudan lei Ca Baang 1 Block 5B Jong Jarayan 1 CHAD ERITREA Block 5A Khartoum Haar SUDAN…
  24. AGM 2007 – Lundin Petroleum – slide 24
    Sudan - Block 5B WF9588 05.07
  25. AGM 2007 – Lundin Petroleum – slide 25
    Future Production Production (Mboepd) 120 120 100 100 80 80 Contingent resources 60 60 40 40 2P Reserves 20 20 0 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 WF9259 05.07
  26. AGM 2007 – Lundin Petroleum – slide 26
    Exploration Upside Potential MMboe (unrisked, net to Lundin) 2000 2008 Russia, France, Norway, UK, Vietnam, Ethiopia 1500 Block 5B success, Sudan 2007(500) Indonesia - 6 wells, 2007 (30) 1000 UK, 2007 (100) Lagansky,…
  27. AGM 2007 – Lundin Petroleum – slide 27
    Chinas Oil Consumption China, 8.5% of World Consumption WF9592 05.07
  28. AGM 2007 – Lundin Petroleum – slide 28
    Chinas Appetite As a % of World Consumption 19 % Aluminium 20 % Copper 27 % Steel 31 % Coal 47 % Cement 33 % Fish WF9593 05.07
  29. AGM 2007 – Lundin Petroleum – slide 29
    Consumption of Oil per Habitant 26 Barrels per Year 12 Barrels per Year 2 Barrels per Year WF9594 05.07
  30. AGM 2007 – Lundin Petroleum – slide 30
    Adolf H. Lundin 1932 - 2006 WF9588 sw 05.07
  31. AGM 2007 – Lundin Petroleum – slide 31
    There are three kinds of people: Those who let it happen, Those who make it happen, Those who wonder what happened Ronald Reagan, 1911-2004 WF9595 05.07

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