Refinancing terms Facilities confirmed 1 Summary of amended terms 4.0 bn Cash & 3.4 bn Undrawn Total facilities confirmed Maturity dates extended to 2021/2 Drawn Debt Total Facilities (incl cash) Covenant profile re-set with…
2016 highlights Strong production 71.4 kboepd, above guidance, driven by high operating efficiency performance across the portfolio 15.8/boe opex, 10% under budget; Reduction in cost base Other savings in capex and G&A costs…
Production overview Largest 5 fields account for c. 70% of production May 2017 P4
Catcher under budget, start up 2017 2H 2016 subsea installation programme successfully completed 10 wells completed to date with excellent operational performance Commissioning of FPSO underway On schedule for 2017 first oil Capex…
Tolmount next phase of growth Most significant discovery in SNS since 1997 Concept selected Q1 Standalone, normally unmanned 4 platform wells 48km x 20 gas export to onshore FEED contracts awarded Potential 3rd party infrastructure…
Block 7 Zama prospect in Mexico W Zama-1 Well E Talos operate Low risk, 100-500 mmbbl prospect in 165m of full stack reprocessed water seismic data in depth Expected spud date by the end of May using the Ensco 8503 rig Flat Spot…
2017 targets Maintain operating efficiency levels; Production Meet guidance of 75 kboepd (excluding Catcher) Cost Base Targeting further reductions in opex and G&A costs Non-core disposals Realise 100m from non-core disposals…
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May 2017 www.premier-oil.com Premier Oil Plc 23 Lower Belgrave Street London SW1W 0NR Tel: +44 (0)20 7730 1111 Fax: +44 (0)20 7730 4696 Email: premierpremier-oil.com
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