Organic Growth Is Main Strategy of Lundin Petroleum, Says CEO

The video discusses the impact of the coronavirus on oil demand and prices, highlighting short-term concerns but a stable long-term outlook. It covers updates on the Johan Fredrik Field's production and drilling activities, as well as progress in Phase Two of the project. Exploration efforts in the Barents Sea are examined, emphasizing the area's potential despite current challenges. The company's decarbonization strategy aims for carbon neutrality by 2030, focusing on electrification and reducing CO2 emissions.

What is the expected short-term impact of the coronavirus on oil demand?

• Immediate increase in demand

• No impact at all

• Short-term decrease with no long-term change

• Significant long-term decrease

What is required for Johan Fredrik Field to reach its production plateau?

• Drilling two extra wells

• Reducing oil prices

• Increasing oil demand

• Expanding to new markets

What is the status of Phase 2 in Johan Fredrik Field?

• On track for end of 2022

• Delayed indefinitely

• Cancelled

• Ahead of schedule

What is the main challenge in the Barents Sea exploration?

• High exploration costs

• Strict environmental regulations

• Large area with relatively small activity

• Lack of oil reserves

What is the company's main strategy for growth?

• Mergers and acquisitions

• Organic growth

• Reducing workforce

• Increasing oil prices

What is the company's goal for carbon neutrality?

• By 2040

• By 2030

• By 2025

• No specific goal

How does the company plan to achieve low CO2 emissions per barrel?

• By outsourcing production

• By increasing oil prices

• By electrifying 90% of assets

• By reducing production