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JUNE 2015 INVESTOR PRESENTATION – Lundin Petroleum

Lundin Petroleum · Jun 17, 2015 · 34 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. JUNE 2015 INVESTOR PRESENTATION – Lundin Petroleum – slide 1
    Lundin Petroleum Corporate Presentation June 2015 WF12012 12 Jun 15 Lundin Petroleum 1
  2. JUNE 2015 INVESTOR PRESENTATION – Lundin Petroleum – slide 2
    Lundin Petroleum AB Company Overview and History Lundin Petroleum AB 2001 USD 50 million Raised cash equity Ticker - Nasdaq Stockholm LUPE No cash equity raised since Shares in Issue, million 311.1 2015 USD 5.0 billion Market…
  3. JUNE 2015 INVESTOR PRESENTATION – Lundin Petroleum – slide 3
    Lundin Petroleum Asset Overview Core Areas: Europe, SE Asia Exploration Norway Development Production Russia Netherlands France Malaysia TOTAL Indonesia 2P reserves: 187.5 MMboe (1) Contingent resources: 404 MMboe…
  4. JUNE 2015 INVESTOR PRESENTATION – Lundin Petroleum – slide 4
    Full Year Full Year Financial 2013 2014 Performance EBITDA (MUSD) 960.9 671.3 Operating cash flow (MUSD) 975.6 1,138.5 Net result (MUSD) 72.9 -431.9 Production (boepd) 32,700 24,900 Average Brent oil price (USD/boe) 108.66…
  5. JUNE 2015 INVESTOR PRESENTATION – Lundin Petroleum – slide 5
    First Quarter 2015 Liquidity MUSD at 31 March 2015 Debt Outstanding 3,115 Cash Balances 52 Net Debt Position 3,063 Full access to USD 4 billion under low oil price sensitivity Margin on Loan Facility: 2.75% Conservative…
  6. JUNE 2015 INVESTOR PRESENTATION – Lundin Petroleum – slide 6
    2P Reserves 31 December 2014 Gas, 8% Total 187.5 MMboe Malaysia, 13.8 Indonesia, 1.4 France, 21.1 Oil & NGL, 92% Netherlands, 2.5 MMboe Brynhild, 20.5 End 2013 194.1 Alvheim, 19.1 - 2014 Production -9.1 - Sales -5.6 +…
  7. JUNE 2015 INVESTOR PRESENTATION – Lundin Petroleum – slide 7
    2P Reserves History Johan Sverdrup 300 250 Cumulative 200 Production Malaysia Norway MMboe 150 Tunisia Netherlands 100 Indonesia France 50 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014…
  8. JUNE 2015 INVESTOR PRESENTATION – Lundin Petroleum – slide 8
    Contingent Resource Growth 1,200 1,000 Norway - J. Sverdrup 800 Malaysia Russia MMboe 600 Others Norway 400 200 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 WF12010 p5 12.14 Year End Excluding…
  9. JUNE 2015 INVESTOR PRESENTATION – Lundin Petroleum – slide 9
    Lundin Petroleum 2015 Forecast Production Malaysia, 16% Q1 2015 production: 25,800 boepd Indonesia, 4% Volund outperformed (reservoir), Netherlands, 3% Brynhild underperformed (facilities, weather) 2015 production guidance:…
  10. JUNE 2015 INVESTOR PRESENTATION – Lundin Petroleum – slide 10
    Production Forecast From Ongoing Development Johan Other existing contingent and Sverdrup prospective resources not included in production forecast Bertam, 05.04.15 Ivar Byla, 19.01.15 Aasen Edvard Brynhild, 25.12.14…
  11. JUNE 2015 INVESTOR PRESENTATION – Lundin Petroleum – slide 11
    Norway - Greater Alvheim Area 2P Reserves (net): 19.1 MMboe 2C Contingent Resources (net): 4.9 MMboe 2014 Net Production: 17,030 boepd 2014 net production: 9,670 boepd Operating costs (1) 6 USD/boe Future activity Gross Volund…
  12. JUNE 2015 INVESTOR PRESENTATION – Lundin Petroleum – slide 12
    New Production Brynhild, Byla, Bertam New fields will add a plateau production capacity of 25,000 boepd Plateau Production Reserves Field Net Boepd(1) Net MMboe Brynhild Brynhild 10,800 20.5 First Oil: 29 December 2014…
  13. JUNE 2015 INVESTOR PRESENTATION – Lundin Petroleum – slide 13
    Overview France & Netherlands France Netherlands Hydrocarbon Type Oil Gas 2014 Production Net, MMboe 2.9 1.9 2P Reserves Net (1), MMboe 21.1 2.5 Offshore Best Estimates Contingent 13.1 Netherlands Resources Net (1), MMboe…
  14. JUNE 2015 INVESTOR PRESENTATION – Lundin Petroleum – slide 14
    Norway Norway & Malaysia Development Projects United Kingdom Byla Stavanger Ongoing Norwegian Developments Ivar Aasen Unit Edvard Grieg Johan Sverdrup Edvard Grieg (Lundin 50% operator) North Sea Norway Brynhild (Lundin 90%…
  15. JUNE 2015 INVESTOR PRESENTATION – Lundin Petroleum – slide 15
    Lundin Norway Norway - Southern Utsira High Edvard Grieg Development 0 KM 20 UK PL625 PL779 PL167 & PL167B PL501 Lundin Petroleum interest: 50% (operator) Remaining Workload PL673 Ivar Aasen Unit OMV 20%, Wintershall 15%,…
  16. JUNE 2015 INVESTOR PRESENTATION – Lundin Petroleum – slide 16
    Peninsular Malaysia Bertam Development Facilities Bertam Development PM307 - Lundin Petroleum 75% (operator), Petronas Carigali 25% PDO approved in October 2013 Gross 2P reserves: 18.4 MMbo Gross plateau production: 15,000 bopd…
  17. JUNE 2015 INVESTOR PRESENTATION – Lundin Petroleum – slide 17
    Development Projects Edvard Grieg Work Status Edvard Grieg development drilling and topsides load-out Topsides - LQ and Helideck en route to Stord WF11898 p01 04.15 Lundin Petroleum 17
  18. JUNE 2015 INVESTOR PRESENTATION – Lundin Petroleum – slide 18
    Norway Johan Sverdrup Development Working Interest (2) Johan Sverdrup Lundin Norway 22.1200% Phase 1 PDO submitted in February 2015 Statoil 40.0267% 22 wells + 7 sidetracks drilled to date on Johan Sverdrup Maersk 8.1200% Gross…
  19. JUNE 2015 INVESTOR PRESENTATION – Lundin Petroleum – slide 19
    Norway - Johan Sverdrup Phase I - Concept Development Key Facts Facilities Phase 1 Four bridge linked steel jacket platforms to be installed during 2018 and 2019 Power supply from shore Wells Phase 1 35 production and injection…
  20. JUNE 2015 INVESTOR PRESENTATION – Lundin Petroleum – slide 20
    Norway Johan Sverdrup Development Contract awards Kvrner Verdal for delivery of jacket for the riser platform Aker engineering & procurement management for the riser & processing platform topsides Aibel EPC contract for the drilling…
  21. JUNE 2015 INVESTOR PRESENTATION – Lundin Petroleum – slide 21
    Norway Neiden Barents Sea Remaining 2015 prospects Alta (2) 2015 Appraisal wells rnen Exploration & Appraisal Drilling Barents Sea Area Norway 3 exploration wells drilled Gemini (PL338C) - Dry Norwegian Sea Zulu (PL674BS) -…
  22. JUNE 2015 INVESTOR PRESENTATION – Lundin Petroleum – slide 22
    Remaining 2015 Prospective Resources 2015 net unrisked prospective resources 600 Norway SE Asia Unrisked 500 Million boe 400 Target Unrisked 300 450 MMboe 200 100 0 y n g as rth n en n…
  23. JUNE 2015 INVESTOR PRESENTATION – Lundin Petroleum – slide 23
    0 KM 400 0 KM 400 Svalbard Norway Southern Barents Sea Norway North Sea Barents Sea Denmark Russia Norway 700'0N Netherlands Ireland Lundin Petroleum is a major licence United Germany holder in the Loppa High area…
  24. JUNE 2015 INVESTOR PRESENTATION – Lundin Petroleum – slide 24
    Norway - Southern Barents Sea Loppa High Exploration Lundin Petroleum Licences Fields Operated Non Operated Oil Gas Prospects Alta Discovery 0 KM 20 PL609 (Lundin 40%, operated) Bjrnya Bassenget 46 metres gross oil column / 11…
  25. JUNE 2015 INVESTOR PRESENTATION – Lundin Petroleum – slide 25
    Norway Utsira High Area Evolution Lundin Petroleum Operator Lundin Petroleum Partner Oil Gas Prospect Lead NGL 2004 - 2007 2008 - 2010 2011 - 2014 024 025 024 PL546 (2010) 025 PL625 024 (2012) 025 I. Aasen Unit PL674 Ivar…
  26. JUNE 2015 INVESTOR PRESENTATION – Lundin Petroleum – slide 26
    Field Discovery Prospect Norway - Utsira High 2015 Exploration Drilling Zulu Significant remaining potential in the Utsira High Exploration 4 wells PL359 (50%): Luno II North 24 MMboe (1) Hanz Johan Sverdrup PL338C (50%)(2):…
  27. JUNE 2015 INVESTOR PRESENTATION – Lundin Petroleum – slide 27
    Norway Lundin Petroleum - The Most Successful Explorer Second largest holder of operated acreage Largest resources discovered on NCS 20072014 (1) Licence acreage 25,000 Shell ENI Suncor Talisman Cumulative km2 20,000 APA 2014…
  28. JUNE 2015 INVESTOR PRESENTATION – Lundin Petroleum – slide 28
    Why Invest Undiscovered Resources on the NCS 17.8 Bn bbls Source: NPD Wells drilled in Norway Norwegian Sea 5.2 Bn bbls Barents Sea 7.6 Bn bbls Excellent exploration potential remains No independents until recently Lower…
  29. JUNE 2015 INVESTOR PRESENTATION – Lundin Petroleum – slide 29
    Norway Finding Cost & Value Creation Lundin Petroleum most successful exploration company in Norway during the last decade Continue to pursue value creation through exploration OMV Acquisition of PL338 (20%) Norway - Cumulative…
  30. JUNE 2015 INVESTOR PRESENTATION – Lundin Petroleum – slide 30
    South East Asia 2015 Activity Total Exploration Licences: 12 Cambodia Production Licences: 1 Vietnam Joint Study Area: 1 Philippines Cakalang WI: 90% SB303 WI:75% Lundin Petroleum Operator Lundin Petroleum Partner WI: 50%…
  31. JUNE 2015 INVESTOR PRESENTATION – Lundin Petroleum – slide 31
    2015 Exploration & Appraisal Drilling Schedule Well LUPE CoGS(2) 2015 Country Licence - Prospect type Operator WI % NUPR(1) NRPR(3) Q1 Q2 Q3 Q4 1 Norway PL579 - Morkel exp Lundin 50.00 - - - Discovery 2 Norway PL359 - Luno II North…
  32. JUNE 2015 INVESTOR PRESENTATION – Lundin Petroleum – slide 32
    Lundin Petroleums Shareholder structure Shareholders Others, 14% Lundin Family, 32% Retail, 14% Number of shares in issue: 311.1 million Market Cap: USD 5.0 billion Institutional Owned by Lundin Petroleum: approx. 2 million…
  33. JUNE 2015 INVESTOR PRESENTATION – Lundin Petroleum – slide 33
    Production Forecast From Ongoing Development Johan Other existing contingent and Sverdrup prospective resources not included in production forecast Bertam, 05.04.15 Ivar Byla, 19.01.15 Aasen Edvard Brynhild, 25.12.14…
  34. JUNE 2015 INVESTOR PRESENTATION – Lundin Petroleum – slide 34
    www.lundin-petroleum.com

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