Lundin Energy A Leading European Independent E&P Company Long Industry Leading Financial Best in class Best region reserves life leading production discipline industry low costs growth & strength emissions Norway focus play 1 Bn…
Lundin Energy Coronavirus Crisis - Successfully Continuing Operations Main Focus Safeguarding well-being of our people Minimise risk to operations Mitigating Actions Detailed contingency plans Engaged in strong industry…
Lundin Energy Resilient to Low Oil Prices High Quality, Low Cost Assets Improved Liquidity 780 MUSD(1) Industry Leading Low Operating Costs Cost Reductions and Deferrals in 2020 2.80 USD/boe 300 MUSD Low Cash Flow Breakeven…
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 200 Mboepd guidance with upsides Target 170180 157 Mboepd 93 Mboepd(1) Mboepd 2019 2020 2021 onwards Delivering guidance or better for 19 quarters…
Lundin Energy Financial Performance Portfolio Cash Generation 90% of reserves…
Lundin Energy Shareholder Returns - Track Record Value Returned to Shareholders 284 MUSD 1520 3,000 2,000 3.6 460 Bn USD 153 410 1,000 720 0 2010 2017 2017 2018 2019 2019 EnQuest/ IPC Dividends Dividends Share…
Lundin Energy Industry Leading Decarbonisation Strategy Roadmap Industry leading low carbon business The Path to Carbon Neutrality Carbon Reduction Measures Starting Emissions Point Reduction/Energy Efficiency…
Lundin Energy Key Assets Production/Development Johan Sverdrup Norway Alvheim Area Production Alvheim Utsira High Area Production Development WF12623 p11 02.20 Edvard Grieg Edvard Grieg Tie-backs Lundin…
Lundin Energy Greater Edvard Grieg Area - Keeping the Facilities Full 755 Gross Reserves/Resources (MMboe) 539 3P 360 2C EDVARD GRIEG 186 2P + 94% 2P 2P Produced Edvard Grieg End Upside Prospective(2) PDO 2019 (1) Per…
Lundin Energy Greater Edvard Grieg Area - Solveig Phase 1 and Rolvsnes EWT Solveig Development 40100 MMboe (1) Breakeven oil…
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 Johan Sverdrup - In a League of its Own OPEX Carbon Footprint Phase…
Lundin Energy Johan Sverdrup - Phase 1 Ramp-up Ahead of Schedule Production wells onstream 10 wells producing Development Drilling 470 Mbopd (1) Increased plateau 470 Mbopd(1, 2) from 10 wells (from 440 Mbopd) Revised Phase 1…
Lundin Energy Alvheim Area - Continuous Reserves Growth Gross Reserves/Resources (MMboe) 3P 495 2C +93% 257 Produced ALVHEIM FPSO 2P 2P PDO 2019 Upside Frosk Boa 2 infill wells in 2020 Frosk development Alvheim -…
Lundin Energy Track Record of Growing Reserves Reserve Replacement Ratio (1,2) 6 consecutive year of reserves growth th 6,754% while growing production 4x Johan Sverdrup 242% Reserves Growth 163% 133% 144% 150% 2P…
Southern Barents Sea Lundin Energy Alta/Gohta 110300 MMboe (1) Loppa High Organic Growth Polmak Spissa Bask Harstad 9 potential new projects targeting 100320 MMboe(2) 4 projects underway Norwegian Sea Frosk Area Frosk…
Lundin Energy Long-term Value Creation 170180 Mboepd long-term Target 200 Mboepd Multiple organic growth sources Industry leading low OPEX 3.24.2 USD/boe long-term Resilient to low oil…
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 20
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