Lundin Petroleum
Operations Production

Lundin Petroleum's production forecast for 2012 is in the range of 32,000 - 38,000 boepd.
Production 2011
Lundin Petroleum produced a total of 33,300 boepd in 2011 from fields in Norway, France, Netherlands, Russia, Tunisia and Indonesia. Production throughout the year has been at the upper end of the production guidance.

Sales 2011
Lundin Petroleum sold a total of 12.45 MMboe at an average oil price achieved of USD 101.04 per boe. The average Dated Brent price for 2011 was USD 111.26 per barrel.

Production forecast 2012
Lundin Petroleum has a forecast net production range for 2012 of 32,000-38,000 boepd.
PRODUCTION 2011

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FRANCE

» 20 licences
  - 14 production
  -  6 exploration
» Net reserves 24.7 MMboe

IRELAND

» 1 exploration licence

NORWAY

» 55 licences
  - 5 production
  - 2 development
  - 48 exploration
» Net reserves 162.2 MMboe

NETHERLANDS

» 21 licences
  -  18 production
  -  3 exploration
» Net reserves 3.6 MMboe

RUSSIA

» 3 licences
  -  2 production
  -  1 exploration
» Net reserves 16.0 MMboe

TUNISIA

» 2 licences
  -  1 production
  -  1 development
» Net reserves 0.3 MMboe

CONGO (Brazzaville)

» 2 exploration licences

INDONESIA

» 7 licences
  -  1 production
  -  6 exploration
» Net reserves 3.9 MMboe

MALAYSIA

» 5 exploration licences