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March 2020 Investor Presentation – Lundin Petroleum

Lundin Petroleum · Mar 17, 2020 · 21 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. March 2020 Investor Presentation – Lundin Petroleum – slide 1
    Corporate Presentation March 2020 WF12520 p01 09.19
  2. March 2020 Investor Presentation – Lundin Petroleum – slide 2
    Lundin Petroleum A Leading European Independent E&P Company Best Region Norway Focus Play World Class Assets Long Reserve Life 1 Bn boe Resources 10 Year Reserve Life Leading Production Growth 4.5 CAGR 2019-2023: 20%…
  3. March 2020 Investor Presentation – Lundin Petroleum – slide 3
    Lundin Petroleum Organic Growth Strategy Southern Barents Sea Multiple Organic Growth Norway Pure Play Opportunities Material Acreage Position 7 Core Areas Maximise Mature Recovery/ Basins Step-outs Significant Norwegian…
  4. March 2020 Investor Presentation – Lundin Petroleum – slide 4
    Lundin Petroleum Long-term Production Growth Target Long-term guidance 200 Mboepd with upsides 160170 145165 Mboepd Mboepd 93 Mboepd Delivering guidance or better 2019 2020 2021 onwards for 18 Quarters running WF12623…
  5. March 2020 Investor Presentation – Lundin Petroleum – slide 5
    Lundin Petroleum Capital Allocation 20202026(1) CFFO Debt Repayment Capex Good flexibility on capital allocation E&A Dividends Renewable WF12623 p10 03.20 65 USD/bbl Brent +2% ESC (1) Based on 2P reserves and…
  6. March 2020 Investor Presentation – Lundin Petroleum – slide 6
    Lundin Petroleum Free Cash Flow Visibility FCF 17USD/boe Free Cash Flow from 2P Reserves (pre-Dividend) Average 2019-2026 at 65 USD/bbl 1,800 1,600 1,400 1,200 Average Annual Free Cash Flow at 80 USD/bbl 1,000 1.15 Bn USD…
  7. March 2020 Investor Presentation – Lundin Petroleum – slide 7
    Lundin Petroleum Shareholder Returns - Track Record Value Returned to Shareholders 4,000 511 1520 3,000 3.8 MUSD 2,000 460 Bn USD 153 410 1,000 720 0 2010 2017 2017 2018 2019 2019 EnQuest/ IPC Dividends…
  8. March 2020 Investor Presentation – Lundin Petroleum – slide 8
    Lundin Petroleum Industry Leading Decarbonisation Strategy Roadmap Industry leading low carbon business targeting Carbon Neutrality by 2030(1) The Path to Carbon Neutrality Carbon Reduction Measures Starting Emissions Point…
  9. March 2020 Investor Presentation – Lundin Petroleum – slide 9
    Hammerfest Hammerfest Lundin Petroleum Key Assets Harstad Harstad Production Production/Development Alvheim Johan Sverdrup Production Development Edvard Grieg Edvard Grieg Tie-backs Alvheim Area Oslo Oslo…
  10. March 2020 Investor Presentation – Lundin Petroleum – slide 10
    Lundin Petroleum Greater Edvard Grieg Area - Keeping the Facilities Full Edvard Grieg Edvard Grieg Area Gross Reserves/Resources (MMboe)(1) 3 firm infill wells sanctioned 755 Further reserves upside 539 Extended Plateau…
  11. March 2020 Investor Presentation – Lundin Petroleum – slide 11
    Lundin Petroleum Greater Edvard Grieg Area - Solveig Phase 1 and Rolvsnes EWT Solveig 25% complete Solveig Rolvsnes EWT Rolvsnes EWT 40% complete First Oil First Oil Edvard Grieg 2020 2021 Solveig Plateau Production 30 Mboepd…
  12. March 2020 Investor Presentation – Lundin Petroleum – slide 12
    Lundin Petroleum Greater Edvard Grieg Area - Further Plateau Extension Gross (Mboepd) 120 4 yrs Plateau Extension from PDO Further Plateau Extension 100 E. Grieg PDO 80 Exploration and further upsides 2C on C…
  13. March 2020 Investor Presentation – Lundin Petroleum – slide 13
    Lundin Petroleum OPEX Carbon Johan Sverdrup - In a League of its…
  14. March 2020 Investor Presentation – Lundin Petroleum – slide 14
    Lundin Petroleum Johan Sverdrup - Phase 1 Ramp-up Ahead of Schedule Production 8 pre-drilled wells 2 more wells Development Drilling wells onstream producting to reach plateau 350 Mbopd (1) from 8 wells Plateau 440 Mbopd(1) 80% of…
  15. March 2020 Investor Presentation – Lundin Petroleum – slide 15
    Lundin Petroleum Alvheim Area - Continuous Reserves Growth Alvheim Area Gross Reserves/Resources (MMboe) 605 495 Frosk test producer on stream OPEX 6.23 +93% Alvheim infill pilots successful USD/boe (2) 257 2 infill wells in…
  16. March 2020 Investor Presentation – Lundin Petroleum – slide 16
    Lundin Petroleum Track Record of Growing Reserves Reserve Replacement Ratio (1,2) 6 consecutive year of reserves growth th while growing production 4x 6754% Johan Sverdrup 242% Reserves Growth 163% 144% 150% 133% 2P…
  17. March 2020 Investor Presentation – Lundin Petroleum – slide 17
    Lundin Petroleum Southern Barents Sea Pipeline of New Projects Loppa High 8 Potential new projects Alta/Gohta 110300 MMboe (1) targeting 100300 MMboe Hammerfest net resources Projects Underway Harstad 2019 2020 2021 PDO First…
  18. March 2020 Investor Presentation – Lundin Petroleum – slide 18
    2020 Wells Lundin Petroleum Shenzhou Barents Sea 2020 Exploration and Appraisal Programme Southern Barents Sea Polmak Bask Spissa Targeting 700 650 MMboe net unrisked resources 600 150 MMboe net risked resources Net…
  19. March 2020 Investor Presentation – Lundin Petroleum – slide 19
    160170 Long-term Target Mboepd long-term value creation Industry leading low OPEX 200 Mboepd Multiple organic 3.24.2 USD/boe 2020 onwards growth sources 1 Bn USD average free cash flow per year (1) Free Cash Flow Target…
  20. March 2020 Investor Presentation – Lundin Petroleum – slide 20
    Further information available in the 2020 CMD presentation on www.lundin-petroleum.com or the Lundin Petroleum IR App WF12623 p30 02.20 Lundin Petroleum 20
  21. March 2020 Investor Presentation – Lundin Petroleum – slide 21
    www.lundin-petroleum.com Access Lundin Petroleums latest information by downloading the Lundin Petroleum IR App

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