Lundin is emerging from the first phase of a development cycle and the start-up of the Edvard Grieg field in late 2015 was a major milestone. The project is the catalyst for a long period of peer-leading growth and crucial to supporting debt reduction and investment on the Johan Sverdrup project - Lundin’s flagship asset which will underpin high-return growth from 2020. But capital investment through the down-cycle has stretched the balance sheet and low oil prices, asset underperformance and project execution challenges could trigger new exploration cuts or asset sales.
The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.
This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.
This Upstream Oil and Gas Company report offers thought-provoking insight into corporate financial health, investment strategy and operational outlook supported by our proprietary asset data and energy research experts.
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Full price and modelling methodology descriptions are available in the 'Methodology and Assumptions' section of the Wood Mackenzie portal. The key prices and global assumptions used in the making of this report are summarised below.
In this report there are 19 tables or charts, including:
Valuation: Table 1
Cash flow breakeven
Net debt outlook
Resources, reserves and production
Lundin: reported and WM forecast production
Benchmark: production CAGRs
Lundin: reserves and resources detail
Benchmark: WM reserve and resource life
Benchmark: International Mid-Cap value creation (2005 - 2014)
Benchmark: International Mid-Cap WM exploration success rates (new-field exploration)
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Company report | Jun 2016
Lundin Petroleum corporate report
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