Updated 2020 production guidance to reflect the Norwegian Government production restrictions and increased long-term production guidance

Lundin Energy AB (Lundin Energy or the Company) announces thatfollowing the decision made by the Norwegian Government to implement production restriction measures on the Norwegian Continental shelf, the Company’s updated production guidance for the full year 2020, will be targeting 157 thousand barrels of oil equivalent per day (Mboepd). This is at the top end of the original guidance range for 2020 of 145 – 165 Mboepd, which was subsequently upgraded, to 160 – 170 Mboepd, prior to the production cuts announced by the Norwegian Government.
