• Long established British E&P company, founded in 1934 • UK listed • 4 Business Units: UK, Indonesia, Vietnam & Falkland Islands 1 As at 31 December 2018 Where we operate
2019 half year summary Group working interest production Group 2P reserves 1 Group revenue
Financial results summary Working interest production (kboepd) 84.1 76.2 Entitlement production (kboepd) 79.9 69.2 Realised oil price - post hedging ($/bbl) 68.3 61.6 Sales Revenue (US$m) 883 643 Field operating costs (US$/boe) 10.3…
EBITDA2 680 488 Operating cash flow (pre interest, post tax) (US$m)2 545 316 Capital expenditure (US$m) 128 209 Net debt (US$m) (2,151) (2,652) Cash and undawn facilities ($m) 645 304 1 Total has increased year-on-year due to charges…
Capital expenditure
Project Description $m Zama 3 well appraisal programme 45 Sea Lion Completion of FEED, progressing the funding structure 15 B Block Well abandonment 15 Tolmount Project management 12 NSBA BIG-P 7 Other Catcher North and Laverda…
Costs and depreciation Country Asset Field Opex $m Field Opex $/boe Lease cost $m Lease cost $/boe Indonesia Natuna Sea Block A 11.7 5.9 - - Total Indonesia 11.7 5.9 - - Vietnam Chim Sáo 16.0 7.1 13.5 6.0 Total Vietnam 16.0…
2019 1H Amortisation and depreciation $m $/boe Oil & gas properties 223 15 Right-of-use assets 121 8 Total DD&A 344 23 2019 1H Amortisation oil & gas properties $m $/boe UK 179 17 Indonesia 22 11 Vietnam 22 10 2019 1H Amortisation…
Key metrics for largest producing fields Figures quoted are net to Premier Chim Sáo (Premier 53.125%; operator) 2019 1H production 12.4 kboepd 2019 1H field opex $16.0m COP 2028 Catcher Catcher (Premier 50%; operator) 2019 1H…
Natuna Sea Block A (Premier 28.67%; operator) 2019 1H production 11.1 kboepd 2019 1H field opex $11.7m COP Gas Sales Agreements extend out until 2028/29 Huntington (Premier 100%; operator) 2019 1H production 6.8 kboepd 2019 1H…
Key metrics for development projects BIGP (Premier 28.67%; operator) Reserves 93 Bcf Peak production Incremental increase as backfills existing gas contracts Opex Negligible as uses existing infrastructure Capex $340m First gas…
Sea Lion 2 (Premier 60%; operator) Resources 250 mmbbls Plateau production 80 kbopd Opex $13/bbl (field opex) $10/bbl (lease rate) Capex $1.8 bn to first oil First oil 3/4 years post sanction Zama 2 (Premier 25%) Resources 670-970…
Facilities As at 30 June 2019 Facilities available $m Drawn $m Cash and undrawn $m Principal Bank facility 1,735 1,400 88 Term loans - £100m 1 127 127 – Term loans - $150m 150 150 – US Private Placements 408 408 –…
Cash (254) 254 Net accounting debt 2,151 Principal Bank facility - LCs 456 371 85 Mexico 23 23 JV Cash 5 Net covenant debt 2,550
2019 1H (post hedge) 2018 1H (post hedge) Group realised oil price ($/bbl) 68.3 61.6 UK realised gas price (pence/therm) 44 49 Indonesia realised gas price ($/mscf) 11.3 9.7 Premier Oil plc | 2019 Half Year Results Data Book P8…
ProductionCountry (Fiscal Regime) Asset Interest 2019 1H Working interest production (kboepd) 2019 1H Entitlement production (kboepd) Indonesia (PSC) Natuna Sea Block A 28.67% 11.1 8.4 Total Indonesia 11.1 8.4 Vietnam (PSC) Chim…
Total UK 58.1 41.3 Total Pakistan 2.5 2.5 Group Total 84.1 84.1
2P Reserves 2P Reserves by Business Unit Business Unit Falklands Indonesia Pakistan United Kingdom Vietnam Oil mmbbl Gas bcf Oil mmbbl Gas bcf Oil mmbbl Gas bcf Oil mmbbl Gas bcf Oil mmbbl Gas bcf 2P Reserves At…
Total Oil Total Gas Total mmbbl bcf mmboe 2P Reserves At 1 January 2018 216.2 465.4 301.8 Net additions/revisions 15.0 254.1 65.8 Sea Lion recategorisation (126.5) (43.8) (134.4) Acquisitions and divestments (0.4) (51.3) (9.9)…
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