April 2020 Investor Presentation Proactive virtual investor conference 01 October 2018
Production Production assets overview Q1 2020 highlights UK Outlook Production averaged 74 kboepd Rising production profile UK: 50 kboepd Increased contribution from SE Asia: 24 kboepd SE tax advantaged UK assets Asia 90%…
Production UK North Sea 50 kboepd underpinned by Catcher at plateau rates 2020 Q1 Catcher performance Catcher outlook 31 kboepd (net) production Varadero infill well planned for 2020 90% operating efficiency Catcher North and…
Production South East Asia Cash generative: c.30 million of free cash flow generated from SE Asian assets in Q1 2020 NSBA, Indonesia (28.7% op) NSBA production kboepd (net) 2020 Q1: 14.3 kboepd (net) Low opex of 5/boe 15 Infill…
Development Tolmount Area 500 Bcf gross resource 50 kboepd gross peak rates Modest capex; low opex Partnership with Kellas who are partially funding the capex Original schedule for first gas Tolmount topsides pre-commissioning…
Development Development asset review Tolmount East Area Block 7 Zama oil field1 Tuna discoveries Sea Lion Phase 1 160-300 BCF gross 810-970 mmbbls gross 100 mmboe gross 250 mmbbls gross resource (P50-P10) resource (P50-P10)…
Development Development asset review a Net Zero Commitment Low Carbon by Design Measuring, managing and minimising Premiers emissions Emissions Hopper approach Best Available Technology Carbon Neutral by Commitment Nature-based…
Exploration High value exploration portfolio Targeting under explored plays in proven hydrocarbon basins Area A, Alaska North Slope Wahoo prospect, Block 30, Mexico Charlie-1 well drilled in Q1 300 mmbbls Extended Brookian play…
Summary Forward production profile Rising, highly cash generative production base Near to medium term growth from UK assets; South East Asia stable Longer term growth from new international projects Excludes contribution from…
Summary 7 year balanced capital allocation (2020 to 2026) Reinvestment in new projects will be measured against shareholder returns Non-discretionary Discretionary 100% 25% 10% 10% 10% 45% 2018-2019 allocation At…
Summary Priorities in todays environment Maintain safe and responsible operations Capital expenditure m 2020F capex reduction Focus on health and safety of our people c. 100 million 500 Maximise operating cash flow 400 Abex P&D…
April 2020 www.premier-oil.com Premier Oil Plc 23 Lower Belgrave Street London SW1W 0NR T: +44 (0)20 7730 1111 E: premierpremier-oil.com
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