Lundin Petroleum - United Kingdom Capital Market Day Presentation 30th January 2007
UK Northern North Sea Asset Location Otter Nor UK THISTLE way Eider 16 1 b Tern Hudson 2 Statfjord aS a Melville 211/28b 28b 2 29F F1 Hutton HEATHER North Terrace c 1 Strathspey 4a 5F1 5 Lyell 4b…
Thistle 2005 to 2007 Improving Performance Plant stability investment Water injection capability now in excess of 150,000 bwpd Power generation reliability Increasing oil production Average water injection rate 2007 forecast…
Heather 2005 to 2007 Improving Performance Plant stability investment Water injection capacity now in excess of 55,000 bwpd Heather injection shut in during Triassic drilling Process uptime Average water injection rate 2007…
Broom 2005 to 2007 Improving Performance Recovery from April low Stable water injection at 45,000 bwpd Oil production ahead of forecast Average water injection rate 2007 forecast Produced water rate 2007 injection forecast Actual…
Thistle Redevelopment 7a 8a 6b 5 Nor MAGNUS NORTH WEST UK way Magnus 6c PENGUIN CLUSTER 11a a 13a 13 a 12 2a 14 4 033 12b 13b 6a Don West 18a 18 18 8aF4 Don 9d 18c PLAYFAIR 1 17 THISTLE 19a 9b…
Thistle Redevelopment Value Creation 409 MMboe produced STOIIP 846 MMboe No drilling since 1990 No active reservoir management since 1990s Water injection critical Lundin Petroleum commitment to Thistle regeneration in May 2006…
Thistle Redevelopment Potential Third Party Business 7a 8a 6b 5 Nor MAGNUS NORTH WEST West Don UK way Magnus 6c Subsea tie back PENGUIN CLUSTER 11a 12a 13a Active tari negotiations 14 033 Targeting late 2008/ early…
Securing the Thistle Upside in 2007 Ongoing redevelopment investment Subsurface detective work with existing data 2007 seismic shoot 2007/8 revamp of Thistle reservoir model Reactivation of drilling package Preparing for 2008…
Heather Development and Production Hub 21a 21 1aF aF1 25d 22b 24a 21b 25b MELVILLE 26b CORMORAN 210 F1 211 211 29 30 26c HUTTON 27a a 2 26a 26 26d PELICAN 27e Heather 1c c 5F1 4a LYELL 4b 5 2F1 2F 1…
Heather Development and Production Hub Value Creation 131 MMboe produced STOIIP 507 MMboe Broom host Drilling facilities reactivated Life extension investment Greater Heather area 3D seismic shot in 2006 Ongoing Projects…
Heather Development and Production Hub 21a 21 1aF aF1 25d 22b 24a 21b 25b Melville MELVILLE South West Heather (CR) Lundin Petroleum 55% 26b CORMORAN Brent reservoir tested at 5 Mbopd Sterling 210 21 100 F1 211 211…
Securing the Heather Upside in 2007 Ongoing life extension investment Subsurface detective work integrating new 3D seismic 2007 revamp of Heather reservoir model Generating Heather inll candidates Preparing for 2008 workover…
Broom First oil August 2004 20 MMbbls produced 3D seismic shot in 2006 Contracted GSF Arctic II Heather Alpha for next 2 wells 6 Gas Import BROOM FIELD* SSIV Manifold Water Injector West 16 ndle Heather 7 km Bu O il…
Broom Ongoing Projects First oil August 2004 2007 revamp of Broom reservoir 20 MMbbls produced model integrating new seismic 3D seismic shot in 2006 Installation of water handling equipment on Heather Contracted GSF Arctic II…