Utbyggnad - Lundin Petroleum

FRANKRIKE

» 20 licenser
- 14 produktion
- 6 prospektering
» Nettoreserver 24,7 MMboe

NORGE

» 55 licenser
-  5 produktion
-  2 utbyggnad
-  48 prospektering
» Nettoreserver 162,2 MMboe

NEDERLÄNDERNA

» 21 licenser
- 18 produktion
- 3 prospektering
» Nettoreserver 3,6 MMboe

RYSSLAND

» 3 licenser
- 2 produktion
- 1 prospektering
» Nettoreserver 16,0 MMboe

TUNISIEN

» 2 licenser
- 1 produktion
- 1 utbyggnad
» Nettoreserver 0,3 MMboe

INDONESIEN

» 7 licenser
- 1 produktion
- 6 prospektering
» Nettoreserver 3,9 MMboe

DEVELOPMENT PROJECT SUMMARY		GAUPE DEVELOPMENT
		Country: Norway Licence: PL292 Operator: BG Group 60% Partners: Lundin Petroleum 40% Net reserves 12.5 MMboe Forecast net production 5,000 boepd Project sanction date PDO approved by the Norwegian Ministry of Petroleum and Energy in June 2010 First oil Q1 2012 Development description Subsea tie-back to Armada (BG operated) in UK

DEVELOPMENT PROJECT SUMMARY		BRYNHILD DEVELOPMENT
		Country: Norway Licence: PL148 Operator: Lundin Petroleum 100% Partners: Talisman 30% Net reserves 20.4 MMboe Forecast net production 12,000 boepd Project sanction date PDO approved November 2011 First oil 2013 Development description Subsea tie-back to Shell's Pierce field in the UK.

DEVELOPMENT PROJECT SUMMARY		BØYLA DEVELOPMENT
		Country: Norway Licence: PL340 Operator: Marathon 65% Partners: Lundin Petroleum 15%, Norske ConocoPhillips AS 20% Net resources 3 - 4.5 MMboe Project sanction date PDO submission in 2012 First oil 2014 Development description Subsea tie-back to Alvheim. Caterpillar likely to be included in the Bøyla development.

DEVELOPMENT PROJECT SUMMARY		EDVARD GRIEG DEVELOPMENT
		Country: Norway Licence: PL338 Operator: Lundin Petroleum 50% Partners: Wintershall 30%, RWE Dea Norge AS 20% Net reserves 93.0 MMboe Forecast net production 45,000+ bopd Project sanction date PDO submitted in January 2012 First oil 2015 Development description Conceptual development studies ongoing. The Tellus discovery will be developed as part of the Edvard Grieg development plan.

DEVELOPMENT PROJECT SUMMARY		GRANDVILLE DEVELOPMENT
		Country: France Licence: Grandville, Paris Basin Operator: Lundin Petroleum 100% Net resources 5 MMboe of which 2 MMboe is currently on production. The infill drilling programme is estimated to increase 2P reserves in the field by 3 MMboe. Forecast net production Current production of 300 boepd. Once the incremental investment in Grandville is completed the total field’s production is forecast to increase to a plateau rate of 600 boepd in 2013. Project start date 3Q 2011. First oil Incremental production from the infill drilling programme is estimated to commence in Q1 2012. Development description 8 well infill drilling programme has commenced.