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September 2021 Corporate Presentation – Lundin Petroleum

Lundin Petroleum · Sep 1, 2021 · 24 slides

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Slides

  1. September 2021 Corporate Presentation – Lundin Petroleum – slide 1
    Lundin Energy Corporate Presentation September 2021 WF12736 p01
  2. September 2021 Corporate Presentation – Lundin Petroleum – slide 2
    Lundin Energy A Leading European Independent E&P Company Industry FCF Carbon Neutral Production leading Opex breakeven 1 Dividend by 1bn 200 3.0 10 1.8 2023 barrels of reserves and resources Mboepd USD/boe 2021 USD/boe…
  3. September 2021 Corporate Presentation – Lundin Petroleum – slide 3
    Lundin Energy Consistent Focused Strategy Capital discipline Organic Strong production free cash flow growth generation Low Resilience Sustainable breakeven price Sustainability dividend growth projects Growth…
  4. September 2021 Corporate Presentation – Lundin Petroleum – slide 4
    Lundin Energy Southern Growth Strategy Barents Sea Norway Pure Play Maximise 7 Core Areas recovery/ step-outs 90 Licences Opportunistic Multiple acquisitions Mature Lundin Growth prospective Opportunities Basin Norwegian…
  5. September 2021 Corporate Presentation – Lundin Petroleum – slide 5
    Lundin Energy Long-term Production Growth Sustain 200 Mboepd Full year guidance 200 with upsides/ new projects Mboepd 180195 165 Mboepd(1) Mboepd 2020 2021 2023 Delivering guidance 24 or better for quarters…
  6. September 2021 Corporate Presentation – Lundin Petroleum – slide 6
    Lundin Energy Financial Resilience Average FCF Breakeven (1) 20212026 10 USD/boe 2P 15 USD/boe 2P + 2C HIGH MA RG N I N IO Free Cash Flow BA AT 46 Bn USD RR ER (2) ELS G FCF GEN 3 Investment Grade…
  7. September 2021 Corporate Presentation – Lundin Petroleum – slide 7
    Lundin Energy A Proven Track Record of Shareholder Returns Cash In Kind Buy 4.0 Dividends Dividends Backs 1.4 1.1 1.5 Bn USD (2) Bn USD Bn USD Bn USD Lundin Energy Share Price Material, growing & sustainable 2010 2021…
  8. September 2021 Corporate Presentation – Lundin Petroleum – slide 8
    Lundin Energy Xxx Carbon Neutral by 2023 60% of production carbon neutral Carbon Intensity (1) in 2021 kg CO2/boe…
  9. September 2021 Corporate Presentation – Lundin Petroleum – slide 9
    Lundin Energy Powered by Renewables Metslamminkangas Windfarm Norway Renewable Power Generation offsetting usage (1) Finland Johan Sverdrup phase 1 power usage Leikanger Hydropower 2021 160 50% GWhr Electrification Sweden…
  10. September 2021 Corporate Presentation – Lundin Petroleum – slide 10
    Lundin Energy Key Assets High quality, low cost assets Production/Development Johan Sverdrup Alvheim Area Production / Development Norway Alvheim Area Utsira High Area Production / Development Greater Edvard Grieg…
  11. September 2021 Corporate Presentation – Lundin Petroleum – slide 11
    Johan Sverdrup Delivering Above Expectations Excellent Carbon Production Footprint (1) Efficiency (1) Reservoir…
  12. September 2021 Corporate Presentation – Lundin Petroleum – slide 12
    P2 Platform Succesfully assembled in Norway Johan Sverdrup Phase 2 Offshore installation Q2 2022 Successful Installation Programme P2 Jacket 60% First Oil on schedule Installed June 2021 complete Q4 2022 41 Bn NOK Capex…
  13. September 2021 Corporate Presentation – Lundin Petroleum – slide 13
    Greater Edvard Grieg Area Gross Reserves/Resources (1) (MMboe) Keeping the Facilities Full 800 589 3P EDVARD GRIEG 410 2C 2P 186 Online 2021 Programme 2P Produced Reserves Original Current Upside Prospective (2)…
  14. September 2021 Corporate Presentation – Lundin Petroleum – slide 14
    Tellus North 0 KM 1 Edvard Grieg OW C 4 Water injectors 10 Oil producers Infill Well Programme - Good Results Tellus 2021 Infill wells East Fishbones installed 3 infill wells Jorvik 18 MMboe(1) Waterfront A-16 Basin…
  15. September 2021 Corporate Presentation – Lundin Petroleum – slide 15
    Edvard Grieg Solveig Phase 1 First Oil Q3 2021 Topsides modifications & subsea facilities completed Solveig Phase 1 40100 MMboe (1) Plateau 30 Mboepd (2) Rolvsnes Breakeven oil…
  16. September 2021 Corporate Presentation – Lundin Petroleum – slide 16
    Rolvsnes Extended Well Test Lille Prinsen First Oil Achieved Ivar Aasen Delivered on schedule Rolvsnes full field potential Tellus and on budget 1478 MMboe (2) Edvard Grieg Full field PDO EWT Jorvik High 3k submission…
  17. September 2021 Corporate Presentation – Lundin Petroleum – slide 17
    Greater Edvard Grieg Area Sustaining Long-term Production PDO1 Latest 2 yrs 7 yrs Plateau production 5 year plateau extension since PDO 140 120 t ci e Exploration y a p n l Ca ecli and further a t i o n en d i A d d…
  18. September 2021 Corporate Presentation – Lundin Petroleum – slide 18
    Gross Reserves/Resources (1) Alvheim Area (MMboe) 616 3P Continuous Reserves Growth 508 2C +98% 257 Produced ALVHEIM FPSO 2P Online 2P Future opportunities Original Current Upside Reserves Reserves Reserves Resources…
  19. September 2021 Corporate Presentation – Lundin Petroleum – slide 19
    Lundin Energy Track Record of Growing Reserves Total Resource Replacement Ratio (%) (1) Resources Growth 210% 150% 100% 2P 2P + 2C Reserves Resources 2020 20162020 671 946 MMboe(2) MMboe(2) WF12736 p11 01.21 (1)…
  20. September 2021 Corporate Presentation – Lundin Petroleum – slide 20
    Lundin Energy Sustaining Production 200 Mboepd Delivering Growth Sustaining Production Delivering Future Value 200 Mboepd by 2023 Pipeline of new projects 2021 E&A Programme 1 project online 3 heading to sanction 3 being de-risked…
  21. September 2021 Corporate Presentation – Lundin Petroleum – slide 21
    Sustaining Production Pipeline of Projects Projects 4 under development 3 moving towards PDO Wisting 2021 PDO 2022 3 require de-risking Southern Barents Sea PDO Kobra East/Gekko PDO submitted PDO Wisting Concept studies…
  22. September 2021 Corporate Presentation – Lundin Petroleum – slide 22
    Lundin Energy Barents Sea 2021 Exploration & Appraisal Programme Southern Barents Sea E&A Programme 5 wells drilled, 2 small discoveries 3 remaining wells targeting 180 MMboe net unrisked resources Norwegian Sea Net unrisked…
  23. September 2021 Corporate Presentation – Lundin Petroleum – slide 23
    Photo: Loading of the first carbon neutrally produced cargo of Johan Sverdrup Lundin Energy Focused Value Creation Growth Resilience Sustainability Production Long-term Opex Average Carbon Neutral 200 34 FCF breakeven 2023…
  24. September 2021 Corporate Presentation – Lundin Petroleum – slide 24
    www.lundin-energy.com Follow us Access Lundin Energys latest information on anytime, anywhere by downloading the social media Lundin Energy App

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