Our strong operational performance combined with an improving macro environment has positioned Lundin Energy to be able to grow dividends at the same time as leaving capacity to fund 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.
Strong production growth and low operating costs
» Long-term production target of >200 Mboepd (2021 guidance of 170-190 Mboepd)
» Industry leading low opex 3–4 USD/boe (2021 guidance of 3.0 USD/boe)
Resilient and sustainable financial growth
» Strong cash flow generation and liquidity even down to low oil prices
» Capacity to fund growth, repay debt and pay dividends
Continued focus on organic growth
» Proven track record of company making discoveries
» Pipeline of future organic growth opportunities
» Sustainable dividend growth