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February 2016 Corporate Presentation – Lundin Petroleum

Lundin Petroleum · Feb 9, 2016 · 25 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. February 2016 Corporate Presentation – Lundin Petroleum – slide 1
  2. February 2016 Corporate Presentation – Lundin Petroleum – slide 2
    WF12112 pt2 p02 01.16 Lundin Petroleum AB Company History 2001 2015 (Year End) 2001 2015 (Year End) 2001 2015 2016 Guidance 116 685.3 MMboe 32,300 boepd 60,000 to 70,000 boepd 0 60 5 LICENCES RESERVES (1) PRODUCTION 2001…
  3. February 2016 Corporate Presentation – Lundin Petroleum – slide 3
    WF12112 pt1 p03 09.15 Lundin Petroleum Core Areas: Europe & SE Asia TOTAL 2P reserves: 685.3 MMboe (1) Contingent resources: 386 MMboe (1) (1) Net at end 2015 Russia Malaysia Norway Netherlands France Exploration Development…
  4. February 2016 Corporate Presentation – Lundin Petroleum – slide 4
    WF11543 p5 10.15 Financial Performance EBITDA Operating Cash Flow Total Capex 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 2010 2011 MUSD 2012 2013 2014 2015 Production (boepd) Average Brent oil price…
  5. February 2016 Corporate Presentation – Lundin Petroleum – slide 5
    WF12168 p18 01.16 2016 Funding Liquidity and Net Debt RBL ERF RBL Accordion RBL Cash Net Debt 31/12 Bertam FPSO sale 0 1,000 2,000 3,000 4,000 5,000 6,000 MUSD 4,300 3,858 760 million (committed) 1.65 billion…
  6. February 2016 Corporate Presentation – Lundin Petroleum – slide 6
    WF12112 pt1 p04 02.16 2P Reserves Lundin Petroleum (1) As per industry standards the reserve replacement ratio is defined as the ratio of reserve additions to production during the year, excluding acquisitions and sales. The reserves…
  7. February 2016 Corporate Presentation – Lundin Petroleum – slide 7
    WF12164 p03 01.16 2P Reserves History Excluding discontinued operations 0 100 200 300 400 500 600 700 800 900 MMboe Year End 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Malaysia Norway Tunisia…
  8. February 2016 Corporate Presentation – Lundin Petroleum – slide 8
    WF12158 p02 01.16 Lundin Petroleum 2016 Production Guidance High Low 2016 production guidance: 60 – 70,000 boepd Production guidance reflects the ramp up of Edvard Grieg 0 40 20 80 60 100 0 40 20 80 60 100 2016 Net…
  9. February 2016 Corporate Presentation – Lundin Petroleum – slide 9
    WF12112 pt1 p07 09.15 Production and Cash Flow Generation Step-Change 0 100 150 50 200 2015 2016 Guidance J. Sverdrup Plateau Production Guidance (Mboepd) 60 to 70 32 150 Production Costs(1) (USD/boe) 2012 2013 2014…
  10. February 2016 Corporate Presentation – Lundin Petroleum – slide 10
    WF12158 p04 01.16 Norway - Greater Alvheim Area 2015 Net Production 14,800 boepd PDO 0 50 100 150 MMboe 200 250 350 400 300 Gross Alvheim Estimated Ultimate Recovery 2C Contingent Resources Cumulative Production End of…
  11. February 2016 Corporate Presentation – Lundin Petroleum – slide 11
    WF12165 p01 01.16 Development Projects Ongoing Norwegian developments Edvard Grieg (Lundin 50% operator) Ivar Aasen Unit (Lundin 1.385%) Johan Sverdrup (Lundin 22.60%) Stavanger Norway United North Sea Kingdom Edvard Grieg…
  12. February 2016 Corporate Presentation – Lundin Petroleum – slide 12
    WF12165 p04 01.16 Norway Edvard Grieg Development Edvard Grieg Platform Luno South Ivar Aasen Platform Gas Export to SAGE Edvard Grieg Ivar Aasen Oil Export to Grane Edvard Grieg Schematic Drilling 14 wells from jack-up rig –…
  13. February 2016 Corporate Presentation – Lundin Petroleum – slide 13
    WF12112 pt2 p06 09.15 Norway Utsira High Resources and Upside Potential 0 500 1,000 1,500 MMboe (gross) 2,000 2,500 3,000 2010 2011 2012 2013 2014 2015 Utsira High Discoveries Year End Luno II/North Johan Sverdrup Apollo…
  14. February 2016 Corporate Presentation – Lundin Petroleum – slide 14
    Norway Johan Sverdrup Key Points Largest Phase 1 development on the NCS Major importance to all stakeholders Up to 40% of NCS oil production at plateau PDO approved and full field reserves are booked 513.2 million boe (2P net to…
  15. February 2016 Corporate Presentation – Lundin Petroleum – slide 15
    WF112156 p5 01.16 Norway Johan Sverdrup Development 2015 2016 2017 2018 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2019 2020 2021 Q1 Q2 Q3 Q4 2022 PDO Submitted – Phase I PDO Approval – Phase I PDO Submission – Phase II…
  16. February 2016 Corporate Presentation – Lundin Petroleum – slide 16
    WF12112 pt1 p17 09.15 Exploration Strategy Geographical focus Norway and SE Asia Shallow water and reservoirs Less than 500 metres water depth Leverage on technology extensive 3D seismic usage Targeting conventional oil play…
  17. February 2016 Corporate Presentation – Lundin Petroleum – slide 17
    WF12112 pt1 p16 09.15 Norway Finding Cost and Value Creation Ekofisk Troll II Snorre Eldfisk Valhall Statfjord øst Statfjord Nord Heidrun Oseberg Gullfaks Gullfaks Sør Oseberg Sør Oseberg øst Balder Grane Njord Jotun…
  18. February 2016 Corporate Presentation – Lundin Petroleum – slide 18
    WF12152 p02 12.15 2016 Exploration & Appraisal Activity Malaysia - 2 wells Sabah, East Malaysia Netherlands - 2 onshore exploration wells 2016 Budget: 145 MUSD 5 exploration wells in 2016 (1) Targeting net unrisked resources of…
  19. February 2016 Corporate Presentation – Lundin Petroleum – slide 19
    WF12161 p02 01.16 Norway – Southern Barents Sea Loppa High Exploration & Appraisal 6,000 4,000 2,000 0 Lundin Net Acreage (km2) Southern Barents Sea (1) Statoil CMU Feb’16, (2) NPD, (3) Expected startup in 2016 ~ 1 billion boe…
  20. February 2016 Corporate Presentation – Lundin Petroleum – slide 20
    WF12161 p02 01.16 Norway – Southern Barents Sea Loppa High Exploration & Appraisal Barents Alta appraisal programme to continue in 2016/2017 Sea Norway Loppa High Area Gohta/Alta discoveries opens up the area for significant new…
  21. February 2016 Corporate Presentation – Lundin Petroleum – slide 21
    WF12159 p2 01.16 2 exploration wells Malaysia 2016 Block Summary Malaysia Indonesia Indonesia Natuna Sea Malaysia Sabah Core Area Penyu Core Area 1 development well PM308A (WI 75%) PM307 (WI 75%) Bertam field PM319 (WI 85%)…
  22. February 2016 Corporate Presentation – Lundin Petroleum – slide 22
    WF11117 p4 23.11.15 Drilling Schedule 2016 2016 Q1 Q2 Q3 Q4 Netherlands exploration wells not included (1) Net Unrisked Prospective Resources (MMboe) (2) Chance of Geological Success (3) Net Risked Prospective Resources (MMboe) 3…
  23. February 2016 Corporate Presentation – Lundin Petroleum – slide 23
    Lundin Petroleum’s Shareholders WF11003 p01 09.15 Number of shares in issue: 311.1 million (1) Average traded volume per day for last 12 months: ~1.9 million shares Part of OMX30, NASDAQ Stockholm source: Bloomberg, 28 September…
  24. February 2016 Corporate Presentation – Lundin Petroleum – slide 24
    WF12112 pt1 p07 09.15 Production and Cash Flow Generation Step-Change 0 100 150 50 200 2015 2016 Guidance J. Sverdrup Plateau Production Guidance (Mboepd) 60 to 70 32 150 Production Costs(1) (USD/boe) 2012 2013 2014…
  25. February 2016 Corporate Presentation – Lundin Petroleum – slide 25
    WF12107 p01 08.15 Vision for Sustainable Growth Strong financial performance Sustainable growth: People are key to our success Proactively managing Health & Safety Promoting Environmental stewardship Engaging with Stakeholders…

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