Updated guidance:
Updated | Previous | |
2020 Production | Targeting 157 Mboepd | 160 – 170 Mboepd |
2020 Operating Cost | ||
Long term Production | 170 – 180 Mboepd | 160 – 170 Mboepd |
The production restriction measures being introduced will impact production output from the Company’s assets from June through
Due to the recently announced increased production capacity at Johan Sverdrup, the Company is increasing its long term production guidance to 170 – 180 Mboepd from 2021, from the previous guidance of 160 – 170 Mboepd.
Operating cost guidance for 2020 remains unchanged at
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For further information, please contact:
VP Investor Relations Tel: +41 22 595 10 14 edward.westropp@lundin-energy.com | Head of Tel: +46 701 11 26 15 robert.eriksson@lundin-energy.com |
Forward-looking statements
Certain statements made and information contained herein constitute “forward-looking information” (within the meaning of applicable securities legislation). Such statements and information (together, “forward-looking statements”) relate to future events, including Lundin Energy’s future performance, business prospects or opportunities. Forward-looking statements include, but are not limited to, statements with respect to estimates of reserves and/or resources, future production levels, future capital expenditures and their allocation to exploration and development activities, future drilling and other exploration and development activities. Ultimate recovery of reserves or resources are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management.
All statements other than statements of historical fact may be forward-looking statements. Statements concerning proven and probable reserves and resource estimates may also be deemed to constitute forward-looking statements and reflect conclusions that are based on certain assumptions that the reserves and resources can be economically exploited. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe” and similar expressions) are not statements of historical fact and may be “forward-looking statements”. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations and assumptions will prove to be correct and such forward-looking statements should not be relied upon. These statements speak only as on the date of the information and
Attachment
Lundin Energy - Norwegian production restrictions V5 20200518en
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