Delivering Growth 5 October 2020 WF12694 p01 09.20
Lundin Energy Delivering on our Growth Strategy Multiple Organic Growth Edvard Grieg Reserves Increase Opportunities +33 MMboe (1) Plateau extension Maximise Mature Recovery/ Idemitsu Barents Deal Step-outs Basins +70…
Greater Edvard Grieg Area Keeping the Facilities Full in the Long-term EDVARD GRIEG Edvard Grieg Lille Prinsen 3 firm infill wells in 2021 Tellus East Jorvik Reserves increase and plateau extension to late 2023, 5 years…
Edvard Grieg Significant Reserves Increase to 350 MMboe gross Excellent 4D siesmic imaging 50 MMboe(1) gross additional reserves 4D seismic and low water production 2018 waterfront drives higher oil-in-place estimates Water…
0 KM 4 Oil Gas Prospect Greater Edvard Grieg Area Lead Lille Prinsen Lundin Petroleum Licences Operated Significant Upside Opportunities Non-operated Ivar Aasen 410 MMboe (1) 916 338 Producing / Under Development…
Idemitsu Barents Deal Strategic Acquisition of Pre-development Resources Oil Field/Discovery PL537 & B Wisting Oil Discovery Gas Field/Discovery LUNE, 10% Prospects/Leads 500 MMbo (1) Lundin Energy (LUNE) Assets Idemitsu…
Southern Barents Sea 2020/21 Wells High Impact Exploration Programme Prospects/Leads Lundin Energy Licences Shenzhou (2021) 360 MMbo (1) LUNE 20% Area Upside 1,200 MMbo(1) 3 high impact wells Wisting in Q4 2020 500 MMbo…
Lundin Energy Tax Change Improving Returns and Liquidity Example of tax treatment of a projects capex assuming PDO is submitted by end 2022 (1) New Tax Regime New Tax Regime - Tax Shield on Capex 100 120 80 100 100 91.4% Tax…
Lundin Energy Delivering Growth Multiple growth paths - maximising recovery, high impact exploration and strategic acquisition Delivering growth 2020 resource replacement 180% Maintaining a resilient and sustainable business…