Lundin Petroleum Russia Capital Market Day Presentation WF9244 01.07 30th January 2007
Lundin Petroleum Russia Artic Ocean Offshore Caspian Lagansky Exploration Block 70% Lundin Petroleum Onshore Kalmykia Kaspiskoye Field Komi / Nenets 51% Lundin Petroleum Region Moscow Onshore Orenburg Ashirovskoye Field 50%…
WF9303 01.07 bopd Au g- 0 0 1000 2000 3000 4000 5000 6000 7000 Se 6 p- 0 O 6 ct -0 N 6 Komi ov -0 D 6 Kalmykia Orenburg ec -0 Ja 6 n- 0 Fe 7 b- 0 M 7 ar -0 Ap 7 r- M 07 ay -0 Ju 7 Short…
Growth Forecast (Net to Lundin) 12.0 Komi Kalmykia Orenburg As per 3rd party Reserves reports 2P 10.0 8.0 Mbopd 6.0 4.0 2.0 - 2007 2008 2008 2009 2009 2010 2010 2011 2011 2012 2012 2013 2013 2014 WF9304…
Reserves Base MMboe Komi Caspiskaya Orenburg 80 70 60 50 40 30 20 10 0 1P 2P 3P Third party certified as per 1.1.06 WF9305 01.07
Ashirovskoye Oil Field Location Moscow Office Ashirovskoye Field Astrakhan Black Sea Laganskaya Block Caspian Sea WF9308 01.07
Ashirovskoye Oil Field Located 320km NW of Orenburg Field History Discovered in August 1949. 15 wells drilled by Soviet Union No oil production until May 2006. Total of 18 wells 3 recent Five prospective production intervals…
Production Facility - Ashirovskoye Oil Field WF9308 01.07
Ashirovskoye Oil Field - 2007 Plan Base production from 2 wells Drill 7 New Wells Reactivate 2 old wells Upgrade Production Facility Complete main field collection pipeline Internal Field Development Plan WF9308 01.07
Kaspiskoye Oil Field Location Moscow Office Astrakhan Black Sea Kaspiskoye Field Caspian Sea WF9309 01.07
Kaspiskoye Oil Field Anticlinal feature discovered in 1960s but not brought on stream until late 1990s less than 1% of oil in place produced Relatively tight Jurassic sandstone reservoirs resulted in low initial recovery efficiency…
Kaspiskoye Oil Field Infrastructure WF9309 01.07
Kaspiskoye Oil Field - 2007 Plan Facilities Upgrades Oil treatment facilities Oil loading facilities Oil gathering system Power Improve Well performance ESP performance Stimulation, additional perforations Water Injection…
Komi Republic - Fields PECHORA SEA Sotchemyu Talyu Operated by Arawak (Vitoil) Started production in 1990 from Devonian Reef Intervals Acquired 3D Seismic in 2005 Based on re-interpretation, started infill drilling 7 New wells…
Sochemyu Talyu Facilities WF9310 01.07
Russia New Business Experienced and well-connected team in Moscow Looking for existing under-developed discoveries Generally not on the radar screen of the big Russian Companies Generally need a cash investment OR in need of…
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