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NORDIC ENERGY SUMMIT – Lundin Petroleum

Lundin Petroleum · Mar 28, 2012 · 23 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. NORDIC ENERGY SUMMIT – Lundin Petroleum – slide 1
    Lundin Petroleum Presentation Nordic Energy Summit 11460 03.12 Nordic Energy Summit, 28th March 2012 C. Ashley Heppenstall, President & CEO
  2. NORDIC ENERGY SUMMIT – Lundin Petroleum – slide 2
    2 Lundin Petroleum - Overview Norway Core Areas: Europe, SE Asia - Reserves : 162.2 MMboe (1)(2) - 15 exploration/appraisal wells in 2012 Russia - Reserves (1): 16.0 MMboe Ireland - 1 exploration licence Netherlands -…
  3. NORDIC ENERGY SUMMIT – Lundin Petroleum – slide 3
    3 Lundin Petroleum in Norway Why Norway Historically controlled by majors, now an opportunity for independents Incentivised by an attractive fiscal and licensing regime Long term stability No ring-fencing of licences…
  4. NORDIC ENERGY SUMMIT – Lundin Petroleum – slide 4
    4 Lundin Organic Exploration Growth Strategy in Norway Barents Sea Area Build licence position Focus on core North Sea area New acreage in Barents Sea Primary focus on operated exploration Invest in technology such as…
  5. NORDIC ENERGY SUMMIT – Lundin Petroleum – slide 5
    5 10 15 20 25 30 35 40 45 50 55 WF11401p1 03.12 2004 2005 2006 2007 2008 2009 Number of licences 2010 2011 55 2012 0 10 20 30 40 50 60 70 80 90 100 Norway Licence Summary Statoil…
  6. NORDIC ENERGY SUMMIT – Lundin Petroleum – slide 6
    6 Exploration Wells on the Norwegian Continental Shelf Exploration wells on Continental Shelf Norway, 2009-2011 Exploration wells drilled in 2011: Lundin Petroleum 8 wells Statoil 17 wells 35 30 25 20 15 10 2011 5…
  7. NORDIC ENERGY SUMMIT – Lundin Petroleum – slide 7
    7 Lundin-Norway AS Employees 350 319 Admin 296 LNAS Employees (end of year) 300 Finance Commercial 250 233 Contract IT 200 168 HSEQ 150 Operations 104 Project 100 77 Field Develpmnt 53 60 Drilling 50 31 11…
  8. NORDIC ENERGY SUMMIT – Lundin Petroleum – slide 8
    8 A Successful Growth Story PRODUCTION RESERVES CONTINGENT boepd MMboe RESOURCES MMboe 696.9(1) 168.3(2) 23,300 WF11443 p3 01.12 0 0 0 2003 2011 end 2003 end 2011 end 2003 end 2011 WF11420 (1) Includes Statoil…
  9. NORDIC ENERGY SUMMIT – Lundin Petroleum – slide 9
    9 The Creation of Value from Exploration 2P Reserves from Discoveries, and Johan Sverdrup Cumulative post tax exploration spend 900 900 800 800 700 700 600 600 500 500 Million USD MMboe 400 400 300 300 200…
  10. NORDIC ENERGY SUMMIT – Lundin Petroleum – slide 10
    10 Production Growth from Development Projects 75,000 boepd Luno 60,000 boepd 45,000 boepd USD 2.5-3 Billion Future Net Investment Programme 30,000 boepd Byla Volund Brynhild Excludes 15,000 boepd Gaupe Johan…
  11. NORDIC ENERGY SUMMIT – Lundin Petroleum – slide 11
    11 The Southern Utsira High - Greater Luno Area 0 KM 20 A Sleeping Giant Oil APA 2012 awakened by Gas PL625 Lundin Norway APA 2010 PL546 A 4th generation exploration PL501 APA 2009 and a major oil province 45 years after…
  12. NORDIC ENERGY SUMMIT – Lundin Petroleum – slide 12
    12 The Luno/Apollo Discoveries in PL338 0 KM 20 Oil Gas PL625 PL546 PL501 Lundin Petroleum 50% (operator) Partners: RWE Dea 20%, Wintershall 30% Draupne Luno discovery: Apollo Gross reserves: 186 MMboe Luno PDO…
  13. NORDIC ENERGY SUMMIT – Lundin Petroleum – slide 13
    13 Johan Sverdrup, a New Giant in Norway 0 15 KM 60 In the heart of the North Sea Located in the southern Utsira High Snorre Norway Close to existing infrastructure Statfjord Mapped area Sweden 35 km south of Grane -…
  14. NORDIC ENERGY SUMMIT – Lundin Petroleum – slide 14
    14 Johan Sverdrup - A World Class Reservoir Excellent reservoir quality High porosity & permeability sands Normal pressure & temperature Easily producible oil Oil dripping out of the cores 3 full scale production tests…
  15. NORDIC ENERGY SUMMIT – Lundin Petroleum – slide 15
    WF11463 p4 10.11 Recoverable Oil (Million bbl) 500 1,000 1,500 2,000 2,500 3,000 3,500 Statfjord Ekofisk Oseberg Gullfaks Troll Snorre Heidrun Valhall Draugen Eldfisk Grane Asgard Norne Ula Balder Tordis…
  16. NORDIC ENERGY SUMMIT – Lundin Petroleum – slide 16
    * L * * L * L L 16 L L * Avaldsnes 2012 Appraisal Programme L L * L L L Luno Johan Sverdrup PL501 & PL265 will be developed as one field Pre-Unit Agreement 16/2-9S Aldous Major North Discovery discussions ongoing…
  17. NORDIC ENERGY SUMMIT – Lundin Petroleum – slide 17
    17 Exploration Drilling to Continue 2012 Norway exploration budget: MUSD 364 Barents Sea 8 exploration & 7 appraisal wells in 2012 in 4 core areas 2012 net unrisked prospective resources: 446 MMboe 2012 net risked prospective…
  18. NORDIC ENERGY SUMMIT – Lundin Petroleum – slide 18
    18 Greater Luno Area Exploration 2012 Exploration Drilling 0 4 KM 16 PL359 (Lundin 40% operated) 0024 0025 Lundin Petroleum Operator Luno II prospect Lundin Petroleum Partner Gross unrisked prospective resources: 139 MMboe…
  19. NORDIC ENERGY SUMMIT – Lundin Petroleum – slide 19
    19 Mre Basin Area - A New Core Area 2012 Exploration Drilling PL519 (Lundin 40% operated) Albert prospect 0 KM 20 Gross unrisked prospective resources: 177 MMboe PL639 Drilling: 2Q 2012 Albert PL519 Norway Further…
  20. NORDIC ENERGY SUMMIT – Lundin Petroleum – slide 20
    20 Barents Sea The Exploration History Norwegian side: Some 80+ wells drilled since 1980 0 00'0 KM 100'0E 400 Longyearbyen Svalbard 200'0E 300'0E 400'0E 500'0E 600'0E Most wells drilled in the Hammerfest Basin NPD:…
  21. NORDIC ENERGY SUMMIT – Lundin Petroleum – slide 21
    NORWAY 7221 21 7220 Barents Sea Area 7219 6915 6917 Tromso PL532 0 5 KM 20 PL609 2012 Exploration 6916 Drilling Rauto 6914 PL533 Pulk (Salinas) PL533 (Lundin 20%) Bieksu & Geres Pulk (Salinas) prospect PL609B Rein Gross…
  22. NORDIC ENERGY SUMMIT – Lundin Petroleum – slide 22
    22 Conclusion Lundin Petroleum has established itself as the most successful independent in Norway in exploration in people in technology Future strategy for Lundin Petroleum in Norway continue to focus on operated…
  23. NORDIC ENERGY SUMMIT – Lundin Petroleum – slide 23
    Lundin Petroleum Presentation WWW.LUNDIN-PETROLEUM.COM

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