Corporate Presentation April 2020 WF12520 p01 04.20
Lundin Energy 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% Industry…
Lundin Energy 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…
Lundin Energy 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…
Lundin Energy Free Cash Flow Visibility 1,600 Free Cash Flow from 2P Reserves…
Lundin Energy Shareholder Returns - Track Record Value Returned to Shareholders 4,000 284 1520 3,000 3.6 MUSD 2,000 460 Bn USD 153 410 1,000 720 0 2010 2017 2017 2018 2019 2019 EnQuest/ IPC Dividends…
Lundin Energy 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…
Hammerfest Hammerfest Lundin Energy Key Assets Harstad Harstad Production Production/Development Alvheim Johan Sverdrup Production Development Edvard Grieg Edvard Grieg Tie-backs Alvheim Area Oslo Oslo Stavanger…
Lundin Energy 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…
Lundin Energy 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…
Lundin Energy 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 60…
Lundin Energy OPEX Carbon Johan Sverdrup - In a League of its…
Lundin Energy 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 470 Mbopd(1) 80% of…
Lundin Energy 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 1 infill well in 2020…
Lundin Energy 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…
Lundin Energy Southern Barents Sea Pipeline of New Projects Loppa High 9 Potential new projects Alta/Gohta 110300 MMboe (1) targeting 100320 MMboe Hammerfest net resources Projects Underway Harstad 2019 2020 2021 PDO First…
2020 Wells Lundin Energy Shenzhou Barents Sea 2020 Exploration and Appraisal Programme Southern Barents Sea Polmak Bask 3 wells drilled - 1 commercial discovery 1 well moved to 2021 Targeting 700 600 MMboe(1) net unrisked…
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…
Further information available in the 2020 CMD presentation on www.lundin-energy.com or the Lundin Energy IR App WF12623 p30 02.20 Lundin Energy 19
www.lundin-energy.com Access Lundin Energys latest information by downloading the Lundin Energy IR App
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