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

May 2019 Corporate Presentation – Lundin Petroleum

Lundin Petroleum · May 6, 2019 · 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. May 2019 Corporate Presentation – Lundin Petroleum – slide 1
    Corporate Presentation May 2019 WF12520 p01 02.19
  2. May 2019 Corporate Presentation – Lundin Petroleum – slide 2
    Lundin Petroleum A Leading European Independent E&P Company First quarterly 2019 dividend of 125 MUSD 11 Bn USD 1 Bn boe Market Cap Resource base 2018 Dividend Payment 153 MUSD 340 320 300 170 Mboepd by 2023 Industry Leading…
  3. May 2019 Corporate Presentation – Lundin Petroleum – slide 3
    Lundin Petroleum Successful Organic Growth Strategy Southeastern Trend Loppa High 7 65% core increase in number exploration of licences from Hammerfest areas Jan 2018 Harstad 7 new Targeting 10 projects…
  4. May 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 4.5 0.7 Power from…
  5. May 2019 Corporate Presentation – Lundin Petroleum – slide 5
    Lundin Petroleum Strong Track Record 2P Reserves (2) Production Operating Costs Operating Cash Flow 7595 726 745 86 Long-term Guidance 1,848 714 81 10.7 654 3.24.2 USD/boe(3) 1,530 59 Net Mboepd Net MMboe Million USD…
  6. May 2019 Corporate Presentation – Lundin Petroleum – slide 6
    Lundin Petroleum 2019 - A Transformational Year Production Sustained Low Opex 7595 Mboepd 4.25 USD/boe Johan Sverdrup on Track 4 Project Sanctions first oil Nov 2019 Solveig, Rolvsnes EWT, Edvard Grieg infills, Frosk Organic…
  7. May 2019 Corporate Presentation – Lundin Petroleum – slide 7
    Lundin Petroleum Targeting 200 Mboepd Beyond 2023 Target 200 Mboepd Upsides and New Projects 170 150 7595 86 81 59 21 2015 2016 2017 2018 2019 J. Sverdrup J. Sverdrup Guidance Phase 1 Full Field Plateau Plateau…
  8. May 2019 Corporate Presentation – Lundin Petroleum – slide 8
    Lundin Petroleum Sustainable Free Cash Flow Average E&A spend Brent (2) Annual FCF per annum(3) Free Cash Flow (Pre-Dividend) (1) 60 USD/bbl 1 billion USD 250 MUSD 2,000 1,500 MUSD 1,000 Dividend Strategy (4) 500…
  9. May 2019 Corporate Presentation – Lundin Petroleum – slide 9
    Lundin Petroleum Industry Leading Free Cash Flow Breakeven Free Cash Flow (Pre-Dividend) Breakeven (USD/bbl) 55 20 10 2019 Average Average 2020-2022(1) 2023-2026(1) WF12520 p09 02.19 (1) Assumes E&A spend of 250 MUSD…
  10. May 2019 Corporate Presentation – Lundin Petroleum – slide 10
    Hammerfest Hammerfest Lundin Petroleum Key Assets Harstad Harstad Production Development Alvheim Johan Sverdrup Production Development Edvard Grieg Edvard Grieg Tie-backs Alvheim Area Oslo Oslo Stavanger…
  11. May 2019 Corporate Presentation – Lundin Petroleum – slide 11
    Lundin Petroleum Greater Edvard Grieg Area - Keeping the Facilities Full Edvard Grieg Gross Reserves/Resources (MMboe) 357 282 +52% 186 Edvard Grieg Reserves upside and 3P Reserves infill opportunities 2C Contingent…
  12. May 2019 Corporate Presentation – Lundin Petroleum – slide 12
    Lundin Petroleum Greater Edvard Grieg Area - Solveig Phase 1 and Rolvsnes EWT PDO/Sanction Goddo Solveig Rolvsnes EWT Key contracts awarded exploration well First Oil First Oil 2019 2020 2021 Edvard Grieg Rolvsnes and Goddo…
  13. May 2019 Corporate Presentation – Lundin Petroleum – slide 13
    Lundin Petroleum Greater Edvard Grieg Area - Extended Plateau Production End Plateau Latest 2P Reserves Original PDO Plateau to mid 2020 Plateau Extension 100 3P reserves - Edvard Grieg/Solveig upsides 80 Rolvsnes -…
  14. May 2019 Corporate Presentation – Lundin Petroleum – slide 14
    Lundin Petroleum Alvheim Area - Continuous Reserves Growth Alvheim Gross Reserves/Resources (MMboe)(1) 607 494 +92% 257 Alvheim FPSO 3P Reserves 2C Contingent Resources Cumulative Production Remaining 2P Reserves PDO…
  15. May 2019 Corporate Presentation – Lundin Petroleum – slide 15
    Lundin Petroleum Johan Sverdrup - World Class Project 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…
  16. May 2019 Corporate Presentation – Lundin Petroleum – slide 16
    Lundin Petroleum Johan Sverdrup Phase 1 - Main Offshore Installation Complete First Oil Nov 2019 Phase 1 plateau Phase 1 (expected) 440 Mbopd installation completed [Range Oct 2019 early 2020] expected summer 2020 Hook-up and…
  17. May 2019 Corporate Presentation – Lundin Petroleum – slide 17
    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%…
  18. May 2019 Corporate Presentation – Lundin Petroleum – slide 18
    Lundin Petroleum Southern Barents Sea 7 Pipeline of New Projects potential new projects targeting 105350 MMboe Loppa High net resources (2) Alta/Gohta 115390 MMboe (1) Hammerfest 2019 2020 2021 2025 PDO First oil Harstad…
  19. May 2019 Corporate Presentation – Lundin Petroleum – slide 19
    Lundin Petroleum Targeting 400 MMboe 2019 Prospective Resources net unrisked resources 450 13 wells remaining out of 17 400 350 300 MMboe 250 lls e W n 200 Froskelr Main tio ra 150 discovery 60130 MMboe…
  20. May 2019 Corporate Presentation – Lundin Petroleum – slide 20
    Long-term 500 MUSD value creation dividend in 2019 1 Bn USD average free cash flow Sustainable per year (1) dividends below 50 USD/bbl 4 USD/boe industry leading low opex 170 Mboepd Targeting by 2023 200 Mboepd + organic…
  21. May 2019 Corporate Presentation – Lundin Petroleum – slide 21
    Lundin Petroleum 2019 Production 160 140 7595 Mboepd Full year guidance 120 Q1 78.8 Mboepd upper end of guidance range 100 Mboepd 80 Delivering guidance or better for 60 15 Quarters Running 40 20 0 Q1 Q2 Q3 Q4…
  22. May 2019 Corporate Presentation – Lundin Petroleum – slide 22
    Lundin Petroleum CAPEX CAPEX commitments for CAPEX (Base) 2P + Solveig 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…
  23. May 2019 Corporate Presentation – Lundin Petroleum – slide 23
    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…
  24. May 2019 Corporate Presentation – Lundin Petroleum – slide 24
    Lundin Petroleum First Quarter 2019 - Cash Flow, Debt Position and Liquidity 345.8 -250 Facility Size 5 Bn USD Available Liquidity 1.7 Bn USD Headroom 3.4 3.3 (2) MUSD Bn USD Free Cashflow -70.9(1) MUSD 95.8 24.9…
  25. May 2019 Corporate Presentation – Lundin Petroleum – slide 25
    Lundin Petroleum Organic Value Creation Through Innovation New reservoirs and plays Maximising recovery Cutting-edge technology Subsurface expertise WF12520 p25 02.19 TOPSEIS Developed by Lundin and CGG Lundin…
  26. May 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 WF12520 p26 02.19 (1) 2P Reserves is Proved plus Probable remaining reserves (4)…
  27. May 2019 Corporate Presentation – Lundin Petroleum – slide 27
    Southern Barents Sea Exploration - Early Days Large underexplored area 120 wildcat wells drilled 7 Bn boe yet to find (1) 5 significant discoveries to date Korpfjell Deep Prospect 201 MMboe (2) 2.5 Bn boe of commercial resources…
  28. May 2019 Corporate Presentation – Lundin Petroleum – slide 28
    North Sea Exploration Significant Potential Northern North Sea Significant remaining prospectivity Bergen Alvheim Area 4.4 Bn boe yet to find (2) Froskelr Main Discovery Evra/Iving Gladsheim 60130 MMboe (3) Continue to build…
  29. May 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 Solveig…
  30. May 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 PL767 2019 Budget 300…
  31. May 2019 Corporate Presentation – Lundin Petroleum – slide 31
    Lundin Petroleum Safe Operations Total Recordable Incident Rate (TRIR) (1) 2.7 1.0 Norway (2) Lundin (3) Zero serious injuries (3) Zero process safety incidents (3) No material environmental incidents (3) WF12520…
  32. May 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. May 2019 Corporate Presentation – Lundin Petroleum – slide 33
    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 Sweden 11% 16% Lundin Family 29% Scandinavia 8% excluding Sweden…
  34. May 2019 Corporate Presentation – Lundin Petroleum – slide 34
    www.lundin-petroleum.com

From the store

Browse maps, data & reports in the Shale Experts store