Lundin Petroleum AB

Lundin Petroleum AB

Lundin Petroleum AB

Overview
Date Founded

2001

Headquarters

Hovslagargatan 5,Stockholm 111 48

Type of Company

Public

Employees (Worldwide)

407

Industries

Oil & Gas

Company Description

Lundin Petroleum is an independent Swedish oil and gas exploration and production company. Production is generated from assets in Norway, France, Tunisia, Netherlands, Russia and Indonesia. In addition there is significant upside potential within these areas of operation including undeveloped oil and gas discoveries and ongoing exploration programmes. Together with the exploration assets in Malaysia and Ireland, Lundin Petroleum has a balanced portfolio of world-class assets. Lundin Petroleum has existing proven and probable reserves of 202 million barrels of oil equivalent (MMboe) and a forecast net production range for 2013 of 33,000-38,000 barrels of oil equivalent per day (boepd)

Executives & Employees

President, Chief Executive Officer & Director

Chief Finance Officer

Vice President Corporate Responsibility

Vice President-Legal

Chief Financial Officer

Chief Operating Officer

Vice President-Communications & Investor Relations

Secretary & Vice President-Legal

Manager, Media Communications

Investor Relations Officer

Board of Directors

Former Chairman & Chief Executive Officer at Lundin International SA

Co-Founder at Lucara Diamond Corp.

Former President, Chief Executive Officer & Director at Lundin Petroleum AB

President, Chief Executive Officer & Director at Lundin Petroleum AB

Former Chairman at Lundin Norway AS

Former Secretary, Senior Vice President & General Counsel at Electrolux AB

Former Chief Executive Officer at Maersk Olie Og Gas A/S

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Owners & Shareholders
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Skagen AS Investment Management is an active, risk-averse, value-oriented, contrarian investor with a focus on long-term performance. They exclusively manage equity and fixed-income funds across regions and sectors, with a focus on Norwegian equity.The firm performs in-house research, following a bottom-up stock picking process and seeks to identify high quality firms which are undervalued, under-researched and unpopular. They base investment decisions on fundamental research and invest in firms with solid business models, a sensible debt exposure and whose management focuses on creating shareholder value. They are a socially responsible investor and consider ethical factors before investing in companies.Portfolio managers have the freedom to select companies from equity and fixed-income markets around the world. The firm minimizes risk by maintaining a geographic and sector balance. They generally hold investments for three to five years.

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Hermes Equities is an active, long-term manager which specializes in high-alpha, unconstrained European equity portfolios. They aim to build portfolios of high-conviction, original ideas that will outperform the benchmark without excessive volatility.The firm selects stocks based on a bottom-up approach where they can identify sustained structural change in businesses yet to be recognized by the market. They conduct in-house research, focusing on the key drivers of a business model including capital and product cycles, cash flow, relative value, buyer and supplier power, barriers to entry and secular growth trends.Hermes Equities tests investment ideas against a macroeconomic and thematic framework, seeking emerging fundamental themes that can lead to structural bottlenecks and which could spark a re-pricing of the stocks operating in these areas.

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MAM is an active manager which offers a range of equity, bond and multi-asset products.The firm makes equity investments with a mid- to long-term outlook and across geographical borders with a focus on European markets. Their core expertise also includes growth- and value-oriented strategies, European small-caps and Japanese equity. In terms of fixed-income MAM's expertise covers money-market instruments, European and global bonds as well as US and high-yield issues. The firm’s partner, Payden & Rygel, with whom they have set up a joint venture, offers global bond products and provides access to North American and global equity markets.MAM gives equal importance to alpha strategy, portfolio composition and risk management in their investment process. The process is team-oriented and decisions are based on fundamental research.

Recent Transactions
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CapeOmega AS, Capeomega Holding AS purchase Lundin Norway AS /Brynhild Field from Lundin Petroleum AB

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purchases International Petroleum Corp. - British Columbia from Lundin Petroleum AB

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Lundin Petroleum AB, Lundin Norway AS purchase Statoil Petroleum AS /Edvard Grieg Field Assets

Transaction Advisors
Legal Advisor

Advised onLundin Petroleum AB purchases DNO International ASA /UK & Ireland Oil Operations (2) from DNO ASA

Legal Advisor

Advised on purchases International Petroleum Corp. - British Columbia from Lundin Petroleum AB

Investment Advisor

Advised on purchases International Petroleum Corp. - British Columbia from Lundin Petroleum AB

Advisors & Consultants
Legal Advisor

Partner at Herbert Smith Freehills

Clients

ShaMaran Petroleum Corp. operates as a pre-production company, which focuses on oil development and exploration vehicles. It has interests in the Atrush petroleum property, located in Kurdistan. The company was founded on October 3, 1991 and is headquartered in Vancouver, Canada.

Key Stats and Financials As of 2017
Market Capitalization
$95.6B
Total Enterprise Value
$95.2B
Earnings Per Share
$9.57
Revenue
$16.7B
Net Profit
$3.24B
EBITDA
$12B
EBITDAMargin
71.66%
Total Debt
$31.8B
Total Equity
$-2.87B
Enterprise Value Sales
5.69x
Enterprise Value EBITDAOperating
7.94x
TEVNet Income
29.38x
Debt TEV
0.33x
Three Year Compounded Annual Growth Rate Of Revenue
46.65%
Five Year Compounded Annual Growth Rate Of Revenue
13.03%
Investors
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Founder at Rand Capital Corporation

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Former President & Chief Executive Officer at Saga Petroleum ASA

Suppliers
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ProSafe SE Oil & Gas | Larnaca, LA

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Eidesvik Offshore ASA Oil & Gas | Bomlo, HL

Eidesvik Offshore ASA engages in the provision of shipping activities. It operates through the following segments: Seismic, Subsea, and Platform Vessel Services. The Seismic segment includes oceanic champion, geowave voyager, oceanic endeavour, oceanic sirius, and oceanic vega. The Subsea segment consists of acergy viking, viking neptun, seven viking, and subsea viking. The company was founded on June 3, 2004 and is headquartered in Bomlo, Norway.

Competitors
BP Plc Oil & Gas - Columbia, Maryland

BP Plc operates as an integrated oil and gas company worldwide. It operates through three segments: Upstream, Downstream and Rosneft. The Upstream segment engages in the oil and natural gas exploration, field development, and production; midstream transportation, and storage and processing; and marketing and trade of natural gas, including liquefied natural gas, and power and natural gas liquids. It also owns and manages crude oil and natural gas pipelines; processing facilities and export terminals; and LNG processing facilities and transportation, as well as NGL extraction business. The Downstream segment refines, manufactures, markets, transports, supplies, and trades in crude oil, petroleum, and petrochemicals products and related services to wholesale and retail customers. It offers lubricants and related products under the Castrol, BP, and Aral brands to the automotive, industrial, marine, and energy markets; and petrochemicals products, such as purified terephthalic acid, paraxylene, acetic acid, olefins and derivatives, and specialty petrochemicals products. The Rosneft segment engages in the exploration and production of hydrocarbons in the United States, Canada, Vietnam, Venezuela, Brazil, Algeria, the United Arab Emirates, Turkmenistan, and Norway; and offers jet fuel, bunkering, bitumen, and lubricants. It also produces bioethanol, sugar, and biobutanol; exports power to the local grid; transports hydrocarbon products through shipping and chartering services. BP was founded by William Knox D'Arcy on April 14, 1908 and is headquartered in London, the United Kingdom.

Vermilion Energy, Inc. Oil & Gas - Calgary, AB

Vermilion Energy, Inc.engages in the business of acquisition, exploration, development and production of oil and natural gas. It has operations in Australia, Canada, France, Ireland, Germany, United States of America and the Netherlands. The company was founded by Lorenzo Donadeo and Claudio A. Ghersinich in January 1994 and is headquartered in Calgary, Canada.

Tullow Oil Plc Oil & Gas - London, GL

Tullow Oil Plc engages in the exploration and production of oil and gas. It holds an interests and operates through the following geographical segments: West Africa, East Africa, and New Ventures. The firm offers exploration and appraisal, development and production, finance and portfolio management, and risk management business models. The company company was founded by Aidan Joseph Heavey in 1985 and is headquartered in London, the United Kingdom.