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4,006.7 1 Excludes the reported after tax accounting gain of MUSD 756.7 in 2019 on the divestment of a 2.6 percent working interest in the Johan Sverdrup project. Comment from Nick Walker, President and CEO of Lundin Energy: “I’m pleased to report that in 2020 Lundin Energy delivered another strong set of results. Our operations and key projects remain on track, despite the impact of COVID-19 and unprecedented oil price volatility, demonstrating the resilience of our industry leading, low-cost business. “This was a challenging year for all, with the impact from COVID-19 on people’s he...

Lundin Energy announces its 2021 budget and accelerated Decarbonisation Strategy 28 Jan 2021 Lundin Energy has announced its 2021 programme, with a capital budget of USD 1.2 billion and production guidance of between 170 to 190 thousand barrels of oil equivalent per day (Mboepd). The long-term production guidance is increased to over 200 Mboepd by 2023. The Company will achieve carbon neutrality for operational emissions from 2025, which is accelerated from the original target of 2030. Production Guidance The average production in 2020 was 165 Mboepd, which was at the top end of the original ...

Lundin Energy announces Year End Report 2020 28 Jan 2021 Lundin Energy has announced its Year End Report 2020. The Company's operations and key projects remain on track, despite the impact of COVID-19 and unprecedented oil price volatility, demonstrating the resilience of its industry leading, low-cost business. Strong financial performance with free cash flow generation of MUSD 448, operating cost below guidance at USD 2.69 per boe and reduced net debt to USD 3.9 billion Balance sheet re-financed with USD 5 billion corporate facility with significantly improved terms Board of Directors propo...