Investors

Company at a glance

Lundin Petroleum is an independent Swedish oil and gas company with a balanced portfolio of exploration and production assets located offshore Norway.

Key Investment Highlights

Strong Operating Cash Flow and Balance Sheet to fund continued growth
» 2017 EBITDA MUSD 1,501.5
» 2017 operating cash flow MUSD 1,530.0

Exploration – organic growth through the drill bit
» Giant oil discovery on Johan Sverdrup in Norway
» Significant discovery in 2014 on the Alta prospect in the Barents Sea, Norway
» Further exploration leverage in Norway
» 2018 exploration and appraisal programme
– 11 wells

Reserves Growth – converting discoveries into cash flow
» 2P reserves 726.3 MMboe
» 3P reserves 895.5 MMboe
» Contingent resources 203 MMboe

Production Growth – converting discoveries into cash flow
» Strong production and low operating costs
» 2017 production 86.1 Mboepd
» 2018 production guidance 74–82 Mboepd

Opportunistic Value Realisation – unlocking value in our asset portfolio
» Spin-off of non-Norway assets in 2017
» Spin-off of UK assets in 2010
» Distribution of Etrion shareholding in 2010

Nasdaq Stockholm Ticker: LUPE
Year low/high
(January 2018 – May 2018):
SEK 178/257
Shares outstanding: 340.4 million
Production 2017: 86.1 Mboepd
2P reserves: 726.3 MMboe
Our website uses cookies to ensure a good user experience and to collect statistics on our visitors. If you continue browsing our webpage you agree to our use of cookies. For further details on how and why we use cookies and how to change your cookie settings, please refer to our Cookie Policy.
Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.

Not readable? Change text. captcha txt