Skip to main content February 2019 Corporate Presentation – Lundin Petroleum | Shale Experts
Loading...
Pm

February 2019 Corporate Presentation – Lundin Petroleum

Lundin Petroleum · Feb 4, 2019 · 33 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 2019 Corporate Presentation – Lundin Petroleum – slide 1
    Corporate Presentation February 2019 WF12414 04.02.19
  2. February 2019 Corporate Presentation – Lundin Petroleum – slide 2
    Lundin Petroleum A Leading European Independent E&P Company 10 Bn USD 1 Bn boe Market Cap Resource base 2018 Dividend Payment 153 MUSD 340 320 300 170 Mboepd by 2023 Industry Leading 280 20% CAGR Low Opex 260 240 IPC…
  3. February 2019 Corporate Presentation – Lundin Petroleum – slide 3
    Southeastern Trend Lundin Petroleum Southern Barents Sea 7.3 billion barrels(2) Norway Pure Play Loppa High Hammerfest Organic growth strategy NCS ranks in top 10 worldwide exploration areas(1) Harstad Significant yet to find…
  4. February 2019 Corporate Presentation – Lundin Petroleum – slide 4
    Lundin Petroleum Industry Leading Low Carbon Intensity ESG Ratings 2018 Top 10 ESG in Europe Top 5 on human rights globally Emissions intensity (1) Prime Status kgCO2e/boe Outperformer AA 20 A- 10 0.7 5 Power from shore…
  5. February 2019 Corporate Presentation – Lundin Petroleum – slide 5
    Lundin Petroleum Key Operational Metrics Strong track record of organic growth and delivery 2P Reserves (2) Production Operating Costs Operating Cash Flow 7595 726 745 86 Long-term Guidance 1,890 714 81 10.7 654 3.24.2…
  6. February 2019 Corporate Presentation – Lundin Petroleum – slide 6
    Lundin Petroleum Increased Long-term Production Growth Target 200 Mboepd Upsides and New Projects 170 150 Increased Production Guidance Mboepd New Was 7595 Johan Sverdrup 86 81 Phase 1 Plateau 150 130 (2020) 59 Johan…
  7. February 2019 Corporate Presentation – Lundin Petroleum – slide 7
    Lundin Petroleum Free Cash Flow Average E&A spend Brent (2) Annual FCF per annum(4) 1 Free Cash Flow (Pre-Dividend)(1) 60 USD/bbl(3) Billion USD 250 MUSD 2,000 1,500 Average annual FCF at 75 USD/bbl(3) Million USD…
  8. February 2019 Corporate Presentation – Lundin Petroleum – slide 8
    Lundin Petroleum Free Cash Flow Breakeven Free Cash Flow (Pre-Dividend) Breakeven (USD/bbl) 55 20 10 2019 Average Average 2020-2022(1) 2023-2026(1) WF12416 p18 02.19 (1) Assumes E&A spend of 250 MUSD per annum…
  9. February 2019 Corporate Presentation – Lundin Petroleum – slide 9
    Alvheim Area Lundin Petroleum Key Assets Alvheim Volund Production Development Byla Production Edvard Grieg Johan Sverdrup WF12414 p18 02.18 Utsira High Area Lundin Petroleum 9
  10. February 2019 Corporate Presentation – Lundin Petroleum – slide 10
    Lundin Petroleum Greater Edvard Grieg Area Keeping the Facilities Full 2018 production efficiency 98% (96% 2019 assumption) OPEX 3.95 USD/boe(1) Production plateau extended by six months to mid 2020 2018 year-end reserves increase…
  11. February 2019 Corporate Presentation – Lundin Petroleum – slide 11
    Lundin Petroleum Greater Edvard Grieg Area - Extended Plateau Production Gross Production (Mboepd) End Plateau Latest 2P Reserves Plateau Original PDO revised to mid 2020 Plateau Extension 100 3P reserves - Edvard Grieg/Luno II…
  12. February 2019 Corporate Presentation – Lundin Petroleum – slide 12
    Lundin Petroleum Alvheim Area Continuous Reserves Growth Alvheim Gross Reserves/Resources (MMboe)(1) 607 Strong reservoir performance 494 Portfolio of good infill drilling opportunities +92% Frosk area potential 200 MMboe (3)…
  13. February 2019 Corporate Presentation – Lundin Petroleum – slide 13
    Lundin Petroleum Johan Sverdrup - Key Numbers GROSS RESOURCES PRODUCTION CAPACITY BREAK EVEN PRICE GROSS CAPEX (1) Phase 1 Full Field Phase 1 Phase 2 2.23.2 billion boe First oil Nov 2019 First oil Q4 2022 Full Field PDO 123 Bn NOK…
  14. February 2019 Corporate Presentation – Lundin Petroleum – slide 14
    Johan Sverdrup Phase 1 The Countdown to First Oil On track for expected first oil November 2019 Ramp-up to Phase 1 plateau 440 Mbopd expected summer 2020 Rapid ramp-up of 8 pre-drilled wells Drilling of further 2 to 4 wells…
  15. February 2019 Corporate Presentation – Lundin Petroleum – slide 15
    Lundin Petroleum Track Record of Growing Reserves Reserve Replacement Ratio (%) (1, 2) 6754% Johan Sverdrup 5th consecutive year of reserves growth while growing production x 4 242% Reserves Growth 163% 144% 133%…
  16. February 2019 Corporate Presentation – Lundin Petroleum – slide 16
    Lundin Petroleum Organic Growth Strategy - Significant Near-term Upside Potential Southeastern Trend Loppa High 7 70% core increase in number exploration of licences from Hammerfest areas Jan 2018 Harstad 7 15…
  17. February 2019 Corporate Presentation – Lundin Petroleum – slide 17
    Lundin Petroleum Southern Barents Sea Pipeline of Potential New Projects 7potential new projects Loppa High targeting 105350 MMboe Alta/Gohta net resources (2) 115390 MMboe (1) Hammerfest 2018 2019 2020 2021 2025 Harstad…
  18. February 2019 Corporate Presentation – Lundin Petroleum – slide 18
    WF12472 p16 02.19 Net Unrisked Prospective Resources (MMboe) 0 100 200 300 400 500 600 700 800 900 Gjksen Shallow Pointer / Setter Q1 Froskelr Main Lundin Petroleum Gjksen Deep Frosklr NE…
  19. February 2019 Corporate Presentation – Lundin Petroleum – slide 19
    Long-term 500 MUSD value creation dividend in 2019 Sustainable 1 Bn USD dividends average free cash flow below 50 USD/bbl per year (1) 4 USD/boe industry leading low OPEX 170 Mboepd Targeting by 2023 200 Mboepd + organic…
  20. February 2019 Corporate Presentation – Lundin Petroleum – slide 20
    Lundin Petroleum Key Messages Lundin Petroleum 10.7 OPEX Production Guidance Appendix (USD/boe) (Mboepd) 150 120 6.8 86.1 4.5 59.3 4.25 20.7 32 2015 2016 2017 J. Sverdrup J. Sverdrup 2015 2016 2017 J. Sverdrup Phase 1…
  21. February 2019 Corporate Presentation – Lundin Petroleum – slide 21
    Lundin Petroleum CAPEX CAPEX commitments for CAPEX (Base) 2P + Luno II and Rolvsnes EWT 1,000 900 800 700 600 Million USD 500 8.24 400 7.97 300 7.82 200 7.59 100 8.04 0 2019 2020 2021 2022 2023 2024 2025…
  22. February 2019 Corporate Presentation – Lundin Petroleum – slide 22
    Lundin Petroleum Tax Depreciation Special Petroleum Tax 9,000 8,000 7,000 6,000 Million NOK 5,000 4,000 3,000 2,000 1,000 0 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Brent price 2019 2020-22 2023-26…
  23. February 2019 Corporate Presentation – Lundin Petroleum – slide 23
    Full Year 2018 Cash Flow, Debt Position and Liquidity 1,718.3 -1,055.3 Facility Size 5 Bn USD Available Liquidity 1.6 3.9 Bn USD Headroom 3.4 MUSD Bn USD Free Cashflow -490.0 MUSD 663.0 -153.1 -14.3 -17.3 -4.6…
  24. February 2019 Corporate Presentation – Lundin Petroleum – slide 24
    Lundin Petroleum Organic Value Creation Through Innovation New reservoirs and plays Maximising recovery Cutting-edge technology Subsurface expertise TOPSEIS WF12414 p19 11.18 Developed by Lundin and CGG…
  25. February 2019 Corporate Presentation – Lundin Petroleum – slide 25
    Lundin Petroleum 2019 Production Guidance 2019 production guidance: 7595 Mboepd Edvard Grieg plateau production, no material planned shutdowns Alvheim Area decline arrested by new wells Johan Sverdrup expected first oil November…
  26. February 2019 Corporate Presentation – Lundin Petroleum – slide 26
    Lundin Petroleum Year-end 2018 Net Reserves and Resources (MMboe) 3P RRR(3): 118% 3P RLI(4): 29 Years 2P RRR(3): 163% 2P RLI(4): 24 Years (1) 2P Reserves is Proved plus Probable remaining reserves (2) 3P Reserves is…
  27. February 2019 Corporate Presentation – Lundin Petroleum – slide 27
    Southern Barents Sea Exploration - Early Days Large underexplored area 120 wildcat wells drilled 7.3 Bn boe yet to find (1) Korpfjell Deep Prospect Wisting 201 MMboe (2) 440 MMbo 5 significant discoveries to date 2.5 Bn boe of…
  28. February 2019 Corporate Presentation – Lundin Petroleum – slide 28
    North Sea Exploration Significant Potential Northern North Sea Significant remaining prospectivity Bergen Alvheim Area 4.6 Bn boe yet to find (2) Froskelr Main Discovery Gladsheim Continue to build position 45153 MMboe (3)…
  29. February 2019 Corporate Presentation – Lundin Petroleum – slide 29
    Lundin Petroleum Barents Sea 2019 Development Activity 2019 Budget 930 MUSD Utsira High Other Johan Sverdrup Phase 1 Alvheim Area Installation/hook-up Rolvsnes Start-up Drilling Johan Sverdrup Phase 2 Norwegian Sea Luno II…
  30. February 2019 Corporate Presentation – Lundin Petroleum – slide 30
    PL859 Southern Barents Sea Lundin Petroleum PL767 Pointer/Setter Barents Sea 2019 Exploration and Appraisal Activity PL859 Korpfjell Deep PL857 Gjksen Shallow PL857 Gjksen Deep PL609/492 PL857 PL609/492 Alta/Gohta appraisal…
  31. February 2019 Corporate Presentation – Lundin Petroleum – slide 31
    Lundin Petroleum Shareholder Structure Listed on Nasdaq Stockholm Shares in free-float approx. 52% Tickers: LUPE.SS, LUPE.ST, ADR: LUPEY Rest of the World 11% Sweden Lundin Family 28% 18% Institutional USA 26% Scandinavia…
  32. February 2019 Corporate Presentation – Lundin Petroleum – slide 32
    Lundin Petroleum ESG Supported Initiatives Global Reporting Extractive Industry Initiative (GRI) Transparency Initiative Reporting according to the GRI G4 Guidelines. Support and promotion of EITIs efforts to combat…
  33. February 2019 Corporate Presentation – Lundin Petroleum – slide 33
    www.lundin-petroleum.com

From the store

Browse maps, data & reports in the Shale Experts store