2015 delivery Uptime increased to 90 per cent 100 million year-on-year reduction in operating costs Investment programme adjusted Portfolio refocused May 2016 P2
Strong start to 2016 Strong production of 57.3 kboepd Acquisition of E.ONs UK North Sea assets First oil from Solan Continued reductions in underlying costs Catcher project on schedule and below budget May 2016 P3
Looking forward Highly Quality leveraged 2019 to oil price portfolio recovery Low cash cost base; low effective 80-90 kboepd; 15/bbl opex; long tax rate life assets Costs re-set to a sub-50 world Balance sheet debt reducing…
Loading...
