Brief: Lundin Energy Q1 EBITDAX At $1,888.5 Mln, Above Consensus

Orron Energy AB

27/04/2022 06:57

April 27 (Reuters) - Lundin Energy AB  LUNE.ST :
    * REG-REPORT FOR THE THREE MONTHS ENDED 31 MARCH 2022
    * Q1 PRODUCTION 191.4 MBOEPD VERSUS COMPANY-COMPILED
CONSENUS OF
193 MBOEPD
    * Q1 REVENUE $1,976.9 MILLION VERSUS $1,111.9 MILLION YEAR
AGO
    * Q1 EBITDAX $1,888.5 MILLION VERSUS COMPANY-COMPILED
CONSENUS OF
$1,869 MILLION
    * Q1 ADJUSTED. NET RESULT $395.4 MILLION VERSUS 
COMPANY-COMPILED
CONSENUS OF $454 MILLION
    * JOHAN SVERDRUP CONTINUES TO EXCEED EXPECTATIONS. PHASE 2
PROCESSING PLATFORM WAS SUCCESSFULLY INSTALLED ON SCHEDULE AND
PROJECT IS ON TARGET TO ACHIEVE FIRST OIL IN Q4 OF 2022, WHICH
WILL BOOST PRODUCTION TO 755 MBOPD GROSS.
    * OUR DECARBONISATION PLAN IS MAKING GREAT PROGRESS, WITH
RECENT
COMPLETION OF OUR FIRST WIND FARM IN FINLAND AND WITH EVERYTHING
NOW ON TRACK FOR ELECTRIFICATION OF EDVARD GRIEG BY END OF 2022
    * EDVARD GRIEG CONTINUED ITS STRONG PERFORMANCE IN THE FIRST
QUARTER OF 2022, DELIVERING AHEAD OF GUIDANCE WITH A PRODUCTION
EFFICIENCY OF 92 PERCENT.
    * POWER FROM SHORE AT EDVARD GRIEG IS ON TRACK FOR
COMPLETION IN
THE FOURTH QUARTER OF 2022

Source text for Eikon:  ID:nGNEby5jZB 
Further company coverage:  LUNE.ST 

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