Our strong operational performance combined with an improving macro environment has positioned Lundin Energy to be able to grow dividends while at the same time funding an active organic growth strategy.
By maintaining our very low operating costs we will be able to deliver increased free cash flows and sustainable dividends, thereby continuing to create long-term value for our shareholders.
record production
190
Mboep
Operating Cost
2.82
USD/boe
Project on track for
200
Mboepd by 2023
record quarterly revenue of
1.3
Bn USD
free cash flow
422.9
MUSD
bond insuance
2
Bn USD
carbon neutral from
2023
operational emissions
approximately
60%
of production certified as carbon neutrally produced
absolute scope 1 + 2 emissions
-50%
by 2023 vs. 2020
Strong production growth and low operating costs
Long-term production target of >200 Mboepd
(2021 guidance of 180-195 Mboepd)
Industry leading low opex 3–4 USD/boe
(2021 guidance of 3.00 USD/boe)
Strong cash flow generation and liquidity even down to low oil prices
Capacity to fund growth, repay debt and pay dividends
Proven track record of company making discoveries
Pipeline of future organic growth opportunities
For more information please contact
Edward Westropp, Vice President Investor Relations
Tel: +41 22 595 10 14
