ORRÖN ENERGY AB - 2
Operations & Financial Update
First Six Months 2021
Nick Walker, President & CEO
Teitur Poulsen, CFO
28 July 2021
Picture: Loading of the first carbon neutrally produced cargo of Johan Sverdrup
First Six Months 2021
Delivering Record Results
WF12780op p01 07.21
Growth
Record Production
Q2 190 Mboepd
Annual guidance increased
Johan Sverdrup Ph 2 on track
Capacity increased 755 Mbopd
Planned installations completed
Projects on track
Growth >200 Mboepd
by 2023
(1) CMD guidance (2) Carbon neutral at FOB
Resilience
Low Opex
H1 2.8 USD/boe
below guidance (1)
Record Financial Results
FCF H1 949 MUSD
Reduced net debt 3.2 Bn USD
Inaugural Bond Issuance
2 Bn USD
Sustainability
Carbon Neutral
from 2025
operational emissions
~60% of production
Certified Carbon Neutrally
Produced(2)
Renewable Projects
on track
Lundin Energy | 2 |
WF12780op p02 07.21
Lundin Energy
2021 Production
Record quarterly production | Full year guidance increased(1) |
190 Mboepd | 180-195Mboepd |
above top of guidance |
200 | 190 | ||||
High | |||||
183 | |||||
Revised guidance range | |||||
Low | |||||
Mboepd | 150 | Delivering guidance | 24 | ||
100 | |||||
or better for | quarters | ||||
running | |||||
50 | |||||
0
Q1 | Q2 | Q3 | Q4 |
Actual Actual
- Original guidance 170-190 Mboepd
Lundin Energy | 3 |
Lundin Energy
Top Tier Operating Performance
WF12780op p03 07.21
Production Efficiency (1)
98% Johan Sverdrup
98% Edvard Grieg
95% Alvheim Area
Carbon Intensity
Full year guidance | ||
2.9 | <4 | |
kg CO | /boe(1) | kg CO /boe |
2 | 2 |
Approximately one sixth of world average
- First six months 2021
Operating Costs
Full year guidance
2.82 3.00
USD/boe(1)USD/boe
Quarter of North Sea average
HSE Performance
Zero
material incidents (1)
Picture: Johan Sverdrup P2 Topsides
Lundin Energy | 4 |
WF12780 p12 05.21
Lundin Energy
Carbon Neutral from 2025
Carbon Intensity (2)
kg CO2/boe | ||||
Carbon | ||||
~1(3) | Neutral | |||
<4 | 0 | from 2025 | ||
2021- | 2023- | 2025 | (operational emissions) | |
2022 | 2024 | onwards |
- Carbon neutral up to point of sale
- Lundin working interest emissions net of natural carbon capture projects
- Reduced from <2 kg CO2/boe
~60% of
barrels now sold
as Certified
Carbon Neutrally
produced(1)
Lundin Energy | 5 |
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Lundin Energy AB published this content on 28 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2021 12:23:08 UTC.
