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INVESTOR PRESENTATION – Lundin Petroleum

Lundin Petroleum · Jan 30, 2009 · 40 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. INVESTOR PRESENTATION – Lundin Petroleum – slide 1
    60 Exploration Chris Wynn, Group Exploration Manager WF10581 January 2009
  2. INVESTOR PRESENTATION – Lundin Petroleum – slide 2
    61 Lundin Petroleum - Value Creation through Exploration United Kingdom Norway 29 exploration licences 18 exploration licences - 25th round licences being reviewed Netherlands Russia 1 exploration licence 1 exploration…
  3. INVESTOR PRESENTATION – Lundin Petroleum – slide 3
    62 Lundin Exploration Licences 90 80 70 60 Far East number of licences Africa ORGANIC Russia 50 GROWTH Holland France 40 Ireland GROWTH BY ACQUISITION UK Norway 30 20 10 0 LUPE creation Coparex…
  4. INVESTOR PRESENTATION – Lundin Petroleum – slide 4
    63 Exploration Strategy - Four Core Areas Four Core Areas: Europe, Africa, Russia, Far East Aberdeen / Oslo - Regional hubs for North Sea Moscow - Regional hub for Russia The Hague Villeperdue Astrakhan Geneva - Corporate…
  5. INVESTOR PRESENTATION – Lundin Petroleum – slide 5
    64 Successful Strategy - Discoveries 2008 Four Core Areas: Europe, Africa, Russia, Far East Norway - Pi North - Oil and gas discovery adjacent to existing UK fields & infrastructure Russia - Morskaya - Major oil field on trend…
  6. INVESTOR PRESENTATION – Lundin Petroleum – slide 6
    65 Exploration Highlights 2009 NORWAY - 9 wells - Appraisal of SE Tor - 3D seismic - Pre-development studies (Nemo, Pi, Luno) FRANCE - Paris Basin - Appraisal drilling - Dordives-2 RUSSIA - Langansky - 1 exploration well…
  7. INVESTOR PRESENTATION – Lundin Petroleum – slide 7
    66 Prospective Resources 2008 Prospective Resources*: 3.1 bn boe net unrisked 2009 Prospective Resources*: 2.7 bn boe net unrisked 2008 Prospective Resources*: 740 MMboe net risked 2009 Prospective Resources*: 674 MMboe net…
  8. INVESTOR PRESENTATION – Lundin Petroleum – slide 8
    67 Core Area - Europe Norway No of Exploration Licences: 29 No of Prospects: 40 Total PR (prospects only): 1,527 MMboe United Kingdom No of Exploration Licences: 24 No of Prospects: 12 Total PR (prospects only): 98…
  9. INVESTOR PRESENTATION – Lundin Petroleum – slide 9
    68 Europe Exploration 2009 Net Net 2009 Targeted Prospective Resources(1) Prospective Resources Country (unrisked) - MMboe Prospects 2009 Wells (unrisked) 2009 Rig Contracts Norway 1,527(2) 40(2) 9 512 Deep Sea Delta West…
  10. INVESTOR PRESENTATION – Lundin Petroleum – slide 10
    69 Europe - Exploration Drilling Schedule Gross Likely Drilling Schedule 2009 Unrisked Net Country Licence Prospect MMboe Interest Operator Q1 Q2 Q3 Q4 Norway PL338 Luno appraisal 65-190 50% Lundin PL006c Hyme 38 75%…
  11. INVESTOR PRESENTATION – Lundin Petroleum – slide 11
    70 Norwegian Assets - 2009 Exploration WP & Budget 7220 7128 7030 7219 7127 7029 7218 7126 7216 7217 7125 7215 7124 7123 0 KM 240 7120 7121 7122 Barents Sea Area 7119 7118 7117 7116 7022 Lundin Licence 7019…
  12. INVESTOR PRESENTATION – Lundin Petroleum – slide 12
    71 Greater Alvheim Area - Exploration PL340 (15%) PL363 Marihone prospects A/B 37 MMboe - drilling 2009 Padde prospect 42 MMboe PL413 PL412 PL363 (60%) PL363 Mon prospect 123 MMboe - drilling 2009 3 P090 (9/15a) PL088…
  13. INVESTOR PRESENTATION – Lundin Petroleum – slide 13
    72 Greater Luno Area PL413 PL088 PL363 Peik field P090 PL036c Alvheim field Volund field PL203 PL150 PL412 008 00 09 PL340 0025 0026 PL505 0024 UK PL304 Norway PL167 PL167B Luno discovery PL338 PL501 PL359…
  14. INVESTOR PRESENTATION – Lundin Petroleum – slide 14
    73 Major New Upside from Luno Extensions PL501 (Lundin 40%) Luno Discovery PL167 (Lundin 20%) Luno Extensions Luno extensions (sub-basins) Exploration well to be drilled in second half 2009 PL338 (Lundin 50%) Luno…
  15. INVESTOR PRESENTATION – Lundin Petroleum – slide 15
    74 Schematic Illustration of Luno Discovery 16/1-8 16/1-10 (Luno discovery well) (Luno appraisal well) Tested 4,000 bopd OWC WF10598 01.09
  16. INVESTOR PRESENTATION – Lundin Petroleum – slide 16
    75 Further Exploration Potential in Greater Luno Area Seismic PL501 (Lundin 40%) Greater Luno Area 3D acquisition Luno Discovery PL167 (Lundin 20%) planned for 2009 Luno Extensions PL 338 (50%) Luno extension (sub-basins) -…
  17. INVESTOR PRESENTATION – Lundin Petroleum – slide 17
    76 Barents Sea - Core Area PL438 Lundin Petroleum Operator Lundin Petroleum 35% (operator) Lundin Petroleum Partner 7b 8 9a 9b 9 b 7223 10 11 1 2 9 7 7222 11 12 2 3 0 KM 12a 40 7221 12 10 1 PL490 8 11 3 5b…
  18. INVESTOR PRESENTATION – Lundin Petroleum – slide 18
    77 Norway Continental Shelf - Prospective Resources Gross* Net* Net* Licence Prospect Unrisked Equity % Unrisked CoS % Risked Net Prospective Resources PL438 PL359 Lemond 198 70% 138.6 20% 27.7 Unrisked: 1,527 MMboe , Risked: 406…
  19. INVESTOR PRESENTATION – Lundin Petroleum – slide 19
    78 Rest of Europe - Prospective Resources Gross* Net* Net* Total Europe Net Prospective Resources Licence Prospect Unrisked Equity % Unrisked CoS % Risked Unrisked: 1,688 MMboe , Risked: 449.4 MMboe UK Norway P1406 3/11 Delta…
  20. INVESTOR PRESENTATION – Lundin Petroleum – slide 20
    79 Core Area - Russia RUSSIA Kazhakstan Sea Russia Exploration Caspain Mongolia China Morskaya discovery well Kazakhstan drilled 2008 Astrakhan Field CPC Pipeline Laganskaya (with shows) 100 tcfg drilled…
  21. INVESTOR PRESENTATION – Lundin Petroleum – slide 21
    80 Russia - Lagansky Block Initial work programme 0 KM 20 Petrovskaya Prospect Lundin Northern Caspian Concession commitment of 4 wells Oil Field Morskaya Discovery Gas Field Remaining commitment Kaspiskoye Prospects…
  22. INVESTOR PRESENTATION – Lundin Petroleum – slide 22
    81 Petrovskaya Prospect Example seismic line and structure map PETROVSKAYA PROSPECT S N Base Cenomanian WG_k2cm_Depth Top Barremian WG_k1br_g_Depth WF10591 01.09
  23. INVESTOR PRESENTATION – Lundin Petroleum – slide 23
    82 Russia Exploration Net Net 2009 Targeted Prospective Resources* Prospective Resources Country (unrisked) - MMboe Prospects 2009 Wells (unrisked) 2008 Rig Contracts Russia 149 1 1 149 Eurasia BU3200 (Lagansky block)…
  24. INVESTOR PRESENTATION – Lundin Petroleum – slide 24
    83 Core Area - South East Asia THAILAND Cambodia Exploration Licences: 1 No of Leads: 7 Vietnam CAMBODIA VIETNAM Exploration Licences: 1 No of Prospects: 7 Total PR (prospects only): 182 MMboe Block 06/94 SB303 Block E…
  25. INVESTOR PRESENTATION – Lundin Petroleum – slide 25
    84 South East Asia Exploration Net Net 2009 Targeted Prospective Resources* Prospective Resources Country (unrisked) - MMboe Prospects 2009 Wells (unrisked) 2008 Rig Contracts Vietnam 182 7 1 53 YES Indonesia 134 53 2 18…
  26. INVESTOR PRESENTATION – Lundin Petroleum – slide 26
    85 Vietnam - Block 06-94 Ho Chi Minh 11-2 05-3 05-2 Lundin Petroleum interest: 33.33% Pearl Energy: 33.33% (operator) Lan Do (0.4 TCF) VIETNAM Lan Tay Serica: 33.33% 06-94 (1.6 TCF) 06-1 Block 06/94 located in southern C…
  27. INVESTOR PRESENTATION – Lundin Petroleum – slide 27
    86 Vietnam - 06/94 Lan Do Gas Field Lan Tai Gas Field Northern Basin Block Limit 06/94 Dua Oil Field Dua Terrace Central Fault Block Hoa Dao 0 KM 10 A (Tuong Vi) Prospect High WF10059 01.09
  28. INVESTOR PRESENTATION – Lundin Petroleum – slide 28
    87 Vietnam - 06/94 NW-SE seismic line through Tuong Vi prospect Planned well location A (Tuong Vi) Prospect Block boundary Possible gas effect over structure crest Reef Carbonate reservoir Carbonate patch reef…
  29. INVESTOR PRESENTATION – Lundin Petroleum – slide 29
    88 South East Asia - Prospective Resources Gross* Net* Net* Licence Prospect Unrisked Equity % Unrisked CoS % Risked VIETNAM A Ngnoc Bich (Jade or 06-94 Tuong Vi, well name 91 33.3% 30.2 34% 10.3 06-94-1X) Carbonates…
  30. INVESTOR PRESENTATION – Lundin Petroleum – slide 30
    89 Indonesia - SE Walio Discovery, Salawati Basin W. Klagagi Klagagi Salawati Island Klalin Salawati Basin N.Sele Arar Block Lundin Petroleum interest: 25.936% Gas Field Arar Oil Field Salawati Island PetroChina: 30%…
  31. INVESTOR PRESENTATION – Lundin Petroleum – slide 31
    90 Other Area - Africa Tunisia No of Licences: 3 No of Prospects: 5 Total PR (prospects only): 18 MMboe Ethiopia No of Licences: 3 Only leads defined on sparse 2D seismic Sudan No of Licences: 1 No of Prospects: 7 Total…
  32. INVESTOR PRESENTATION – Lundin Petroleum – slide 32
    91 Africa Exploration Net Net 2009 Targeted Prospective Resources* Prospective Resources Country (unrisked) - MMboe Prospects 2009 Wells (unrisked) 2009 Rig Contracts Sudan 76 7 - - - Tunisia 18 5 - - - Congo1 46 11 1 14 High…
  33. INVESTOR PRESENTATION – Lundin Petroleum – slide 33
    92 Exploration: Sudan Block 5B Block B Central Thar Jath (Dev) 0 Km 20 EGYPT LIBYA Thar Jath Re nal d lei Ca Se a Block 5B Port Sudan Jong Jarayan CHAD Block 5A ERITREA Khartoum SUDAN Wan…
  34. INVESTOR PRESENTATION – Lundin Petroleum – slide 34
    93 Appraisal: Congo Brazzaville - Blocks Marine XI and XIV Gabon 0 9 18 Km Nyanga Mayombe Blocks Marine XI and XIV Marine XI - Lundin Petroleum 18.75% Marine XIV - Lundin Petroleum 21.55% M'Bya Marin M'Wengui Marine…
  35. INVESTOR PRESENTATION – Lundin Petroleum – slide 35
    94 East Africa SA Y MA MA UN- Eritrea RI B- BA SILA Ethiopia Yemen SH AB WA BA SIN SIN 2D seismic acquisition 2009/2010 Kenya Gulf of Aden Djibouti Bogal-1 well AL ME DO Scheduled for Q3 2009 BE RB ER BA…
  36. INVESTOR PRESENTATION – Lundin Petroleum – slide 36
    95 Africa - Prospective Resources Gross* Net* Net* Licence Prospect Unrisked Equity % Unrisked CoS % Risked Congo Oudna/Zelfa Marine XI Sendji S1 73 18.75 13.7 21.0 2.9 Tunisia Marine XI M'Pouli North 28.0 18.75 5.3 21.0 1.1…
  37. INVESTOR PRESENTATION – Lundin Petroleum – slide 37
    96 Exploration and Appraisal Activity 2009 Gross Likely Drilling Schedule 2009 Unrisked Net Country Licence Prospect MMboe Interest Operator Q1 Q2 Q3 Q4 Norway PL338 Luno appraisal 65-190 50% Lundin PL006c Hyme 38 75% Lundin…
  38. INVESTOR PRESENTATION – Lundin Petroleum – slide 38
    97 2009 Targeted Prospective Resources 15 Wells 15 Wells 2009 Net Unrisked Prospective Resources: 843 MMboe 2009 Net Risked Prospective Resources: 293 MMboe Congo 1.6% Congo 1.0% Kenya 11.6% Kenya 4.5% Indonesia 2.1%…
  39. INVESTOR PRESENTATION – Lundin Petroleum – slide 39
    98 Reserves Upside Potential PROSPECTIVE RESOURCES MMboe 674 MMboe MMboe net risked* 700 700 2009 drilling 600 targeting 600 293 MMboe net risked 500 500 400 CONTINGENT 400 RESOURCES 294 MMboe 300 300 200 200…
  40. INVESTOR PRESENTATION – Lundin Petroleum – slide 40
    99 Success Rate and Finding Costs (Status as of December 2008) Exploration wells 2002-2008* 24 Technical discoveries 2002-2008* 9 Commercial discoveries 2002-2008* 6 Significant commercial discoveries 2002-2008…

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