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May 2020 Corporate Presentation – Lundin Petroleum

Lundin Petroleum · May 19, 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. May 2020 Corporate Presentation – Lundin Petroleum – slide 1
    Corporate Presentation May 2020 WF12520 p01 04.20
  2. May 2020 Corporate Presentation – Lundin Petroleum – slide 2
    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…
  3. May 2020 Corporate Presentation – Lundin Petroleum – slide 3
    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…
  4. May 2020 Corporate Presentation – Lundin Petroleum – slide 4
    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…
  5. May 2020 Corporate Presentation – Lundin Petroleum – slide 5
    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…
  6. May 2020 Corporate Presentation – Lundin Petroleum – slide 6
    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…
  7. May 2020 Corporate Presentation – Lundin Petroleum – slide 7
    Lundin Energy Financial Performance Portfolio Cash Generation 90% of reserves…
  8. May 2020 Corporate Presentation – Lundin Petroleum – slide 8
    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…
  9. May 2020 Corporate Presentation – Lundin Petroleum – slide 9
    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…
  10. May 2020 Corporate Presentation – Lundin Petroleum – slide 10
    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…
  11. May 2020 Corporate Presentation – Lundin Petroleum – slide 11
    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…
  12. May 2020 Corporate Presentation – Lundin Petroleum – slide 12
    Lundin Energy Greater Edvard Grieg Area - Solveig Phase 1 and Rolvsnes EWT Solveig Development 40100 MMboe (1) Breakeven oil…
  13. May 2020 Corporate Presentation – Lundin Petroleum – slide 13
    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…
  14. May 2020 Corporate Presentation – Lundin Petroleum – slide 14
    Lundin Energy Johan Sverdrup - In a League of its Own OPEX Carbon Footprint Phase…
  15. May 2020 Corporate Presentation – Lundin Petroleum – slide 15
    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…
  16. May 2020 Corporate Presentation – Lundin Petroleum – slide 16
    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 -…
  17. May 2020 Corporate Presentation – Lundin Petroleum – slide 17
    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…
  18. May 2020 Corporate Presentation – Lundin Petroleum – slide 18
    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…
  19. May 2020 Corporate Presentation – Lundin Petroleum – slide 19
    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…
  20. May 2020 Corporate Presentation – Lundin Petroleum – slide 20
    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
  21. May 2020 Corporate Presentation – Lundin Petroleum – slide 21
    www.lundin-energy.com Access Lundin Energys latest information by downloading the Lundin Energy IR App

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