Lundin Energy AB (Lundin Energy) will publish its financial report for the fourth quarter 2020 and host its annual Capital Markets Day presentation on Thursday, 28 January 2021. For the fourth quarter 2020, Lundin Energy will expense pre-tax exploration costs of approximately MUSD 58, and recognise a net foreign exchange gain of approximately MUSD 256.

Lundin Energy AB (Lundin Energy) announces that the fourth quarterly dividend instalment of USD 0.25 per share, will amount to SEK 2.08 per share, with a total amount of MSEK 591, corresponding to approximately MUSD 71.

Information about the fourth quarterly instalment of the dividend:

Lundin Energy AB (Lundin Energy) announces that Johan Sverdrup Phase 1 processing capacity has been successfully tested to over 500 thousand barrel of oil per day (Mbopd) and the full field plateau production is increased to 720 Mbopd, when Phase 2 starts up in the fourth quarter of 2022.

• Strong free cash flow generation of MUSD 546 with an achieved oil price of USD 38.07 per boe for the first nine months.
  
• Third quarter production of 157.5 Mboepd and free cash flow of MUSD 164
• Full year production guidance increased from 157 Mboepd to 161 - 163 Mboepd and fourth quarter production targeting approximately 175 Mboepd
• Edvard Grieg reserves increased by 50 MMboe to 350 MMboe gross 2P ultimate recovery and plateau production extended by a further year to late 2023
• First nine months net carbon intensity for all assets of 2.7 kg CO2 per boe