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August 2018 Corporate Presentation – Lundin Petroleum

Lundin Petroleum · Aug 1, 2018 · 32 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. August 2018 Corporate Presentation – Lundin Petroleum – slide 1
  2. August 2018 Corporate Presentation – Lundin Petroleum – slide 2
    Lundin Petroleum A Leading European Independent E&P Company >10 Bn USD Market Cap >160 Mboepd by 2022 ~20% CAGR growth from 2018 1.2Bn USD Liquidity Dividend Payment 4…
  3. August 2018 Corporate Presentation – Lundin Petroleum – slide 3
    Lundin Petroleum Southern Barents Sea Southeastern Trend 7.3 billion barrels(2) Norway Pure Play Loppa High Hammerfest Organic growth strategy NCS ranks in top 10 worldwide exploration areas(1)…
  4. August 2018 Corporate Presentation – Lundin Petroleum – slide 4
    Lundin Petroleum Key Operational Metrics Strong track record of organic growth and delivery 2P Reserves Production Operating Costs 714 726 86 78?82…
  5. August 2018 Corporate Presentation – Lundin Petroleum – slide 5
    Lundin Petroleum Long-term Production Growth Production Guidance (Mboepd) Opex Guidance (USD/boe) 10.70 >160 >130 6.80 86 78-82…
  6. August 2018 Corporate Presentation – Lundin Petroleum – slide 6
    Lundin Petroleum Financially Transformational-Years Ahead EBITDA Billion USD 5 70 USD/bbl + 2% pa escalation 55 USD/bbl + 2% pa escalation 4 3 2 1…
  7. August 2018 Corporate Presentation – Lundin Petroleum – slide 7
    Lundin Petroleum Commitment to Low Carbon Intensity One of lowest carbon intensity oil companies in World Significant reduction at Edvard Grieg from 2022 through power from shore ~25% of R&D funding towards emission…
  8. August 2018 Corporate Presentation – Lundin Petroleum – slide 8
    Lundin Petroleum Key Assets Production Production Alvheim Area Alvheim Volund Development…
  9. August 2018 Corporate Presentation – Lundin Petroleum – slide 9
    Lundin Petroleum Edvard Grieg ? Significant Reserves Increase 2018 production efficiency guided at 95% 2017 year-end reserves increase (+51 MMboe gross) Recovery rate increased from 38% to 50% (2P only) PDO…
  10. August 2018 Corporate Presentation – Lundin Petroleum – slide 10
    Edvard Grieg Production Plateau Extended by further 2 Years Potential for production plateau to continue to shift to the right Gross Production (Mboepd) End Plateau 2P Reserves 3P Reserves PDO Plateau to end…
  11. August 2018 Corporate Presentation – Lundin Petroleum – slide 11
    Lundin Petroleum Alvheim Area ? Continuous Reserves Growth Strong reservoir performance Portfolio of good infill drilling opportunities Frosk discovery and exploration upside >200 MMboe (3) Alvheim…
  12. August 2018 Corporate Presentation – Lundin Petroleum – slide 12
    Lundin Petroleum Organic Growth Strategy - Big Fields Get Bigger 3,200 3,000 2,800 2,600 10% 2,400 2,200 MMboe…
  13. August 2018 Corporate Presentation – Lundin Petroleum – slide 13
    Lundin Petroleum Johan Sverdrup - Key Numbers GROSS RESOURCES PRODUCTION CAPACITY BREAK EVEN PRICE GROSS CAPEX(1) 2.2?3.2 billion boe Phase 1 Full Field Full Field Phase 1 Phase…
  14. August 2018 Corporate Presentation – Lundin Petroleum – slide 14
    Johan Sverdrup Phase 1 on Schedule 2017 Phase 1 Phase 2 expected first oil 2018 PDO submitted 2019 November 2019 Topsides Riser Drilling Process LQ Installation Schedule Riser Drilling…
  15. August 2018 Corporate Presentation – Lundin Petroleum – slide 15
    Lundin Petroleum Organic Growth Strategy - Significant near Term Upside Potential Southeastern Trend Loppa High WF12414…
  16. August 2018 Corporate Presentation – Lundin Petroleum – slide 16
    Lundin Petroleum Exploration Programme 2018 programme - 11 wells 2 oil discoveries out of 3 wells drilled - Frosk and Lille Prinsen Programme update - 2 follow-up wells to Frosk discovery Southern Barents Sea 3…
  17. August 2018 Corporate Presentation – Lundin Petroleum – slide 17
    Lundin Petroleum Loppa High Appraisal - Progressing Resources to Reserves Southern Alta EWT Barents Sea Ongoing Hammerfest Luno II appraisal success Gross…
  18. August 2018 Corporate Presentation – Lundin Petroleum – slide 18
    Lundin Petroleum The Sustainable Organic Growth Story Strong production growth from committed projects Industry leading low operating costs Strong cash flow generation Sustainable dividend…
  19. August 2018 Corporate Presentation – Lundin Petroleum – slide 19
    Lundin Petroleum Financial Highlights - 2017 Operating Cash Flow from continuing operations 1,600 1,530 1,600 EBITDA from continuing operations…
  20. August 2018 Corporate Presentation – Lundin Petroleum – slide 20
    Lundin Petroleum Forecast Development Expenditure WF12414 p06 02.18 Forecast Development…
  21. August 2018 Corporate Presentation – Lundin Petroleum – slide 21
    Lundin Petroleum Cash Flow, Debt Position and Liquidity As of 1H 2018 2017 807.4 Facility Size 5 Bn USD 2018 1.2 2019…
  22. August 2018 Corporate Presentation – Lundin Petroleum – slide 22
    Lundin Petroleum Funding and Liquidity - 2018 Guidance WF12310 p06…
  23. August 2018 Corporate Presentation – Lundin Petroleum – slide 23
    Lundin Petroleum Creating Value Through Subsurface Innovation New Reservoirs Technology & Plays WF12414 p19…
  24. August 2018 Corporate Presentation – Lundin Petroleum – slide 24
    Lundin Petroleum 2018 Development Activity 2018 Budget 800 MUSD Other Alvheim Area Edvard Grieg Johan Sverdrup WF12413 p11 06.18…
  25. August 2018 Corporate Presentation – Lundin Petroleum – slide 25
    Lundin Petroleum 2018 Exploration & Appraisal Activity 2018 Budget 300 MUSD Exploration ~52% Appraisal ~48% 11 Exploration Wells 4 Appraisal…
  26. August 2018 Corporate Presentation – Lundin Petroleum – slide 26
    Lundin Petroleum Year-end 2017 Net Reserves and Resources (MMboe) 3P RRR(3): 99% 3P RLI(4): 28 Years 2P RRR(3): 144% 2P RLI(4): 23…
  27. August 2018 Corporate Presentation – Lundin Petroleum – slide 27
    Southern Barents Sea Exploration - Early Days 2017 Wells Fields 2018 Prospects Lundin Norway Licenses Large underexplored area ~120 wildcat wells drilled 7.3 Bn boe yet to find…
  28. August 2018 Corporate Presentation – Lundin Petroleum – slide 28
    Norwegian North Sea Rungne 69 MMboe(1) Exploration - Significant Potential Alvheim Area Froskel?r Significant remaining prospectivity 92 MMboe (1) Gekko appraisal Lille Prinsen Oil Discovery (2) Frosk Oil…
  29. August 2018 Corporate Presentation – Lundin Petroleum – slide 29
    Lundin Petroleum Shareholder Structure Listed on Nasdaq Stockholm Shares in free-float approx. 52% Rest of the World Lundin Family 28% 11% 340.4 million 34% Institutional USA 25% shares…
  30. August 2018 Corporate Presentation – Lundin Petroleum – slide 30
    Lundin Petroleum ESG Supported Initiatives Global Reporting Extractive Industry Initiative (GRI) Transparency Initiative Reporting according to the GRI G4 Guidelines. Support and promotion of EITI?s efforts…
  31. August 2018 Corporate Presentation – Lundin Petroleum – slide 31
  32. August 2018 Corporate Presentation – Lundin Petroleum – slide 32

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