HARBOUR ENERGY Active in 2P + 2C 7 Countries 1,691 mmboe1 Norway A global 1,800 independent Production Employees O&G company c.200 kboepd UK Operating cost Net Zero by 2035 c.15/boe Vietnam Mexico Brazil Indonesia…
HIGHLIGHTS Merger completed 31 March; integration on track 2021 proforma production (excluding Tolmount volumes) 2021 forecast of 185-195 kboepd, reflecting planned maintenance and kboepd unplanned outages and excludes Tolmount…
AN INSTITUTIONAL SHARE REGISTER Largest UK listed independent oil and gas company Listed on the premium segment of the LSE under the ticker HBR Share register dominated by global investors, sovereign wealth funds, pension funds and…
A NEW UNIQUE INVESTMENT OPPORTUNITY Todays investment choices more limited than in the past 2015: Large universe of global, diversified oil and gas companies of scale Major oil companies Shifted focus to US: 2020 Production in U.S.…
A GLOBAL DIVERSIFIED INDEPENDENT WITH FULL CYCLE CAPABILITIES SCALE HIGH QUALITY UK PORTFOLIO INTERNATIONAL GROWTH Largest UK listed independent O&G High margin, cash generative asset base Embedded organic investment options company…
UK: A BUSINESS OF SCALE GENERATING MATERIAL CASH FLOWS UK 2P reserves1 Production of 163 kboepd to end June Operated Schiehallion AELE Hub Non-operated Planned significant maintenance Elgin/Franklin programmes completed Drilling…
OPERATOR OF KEY HUBS WITH MATERIAL UPSIDE J-Area (67-67.5%) GBA (26%-87.5%) 27 kboepd (net) to end of June 28 kboepd (net) to end of June Active multi-year drilling and High operating efficiency workover programme Additional volumes…
TOLMOUNT FIRST GAS EXPECTED AROUND THE END OF YEAR New operated hub in Southern North Sea Long life field Low GHG emissions Quick payback 8 HBR Investor Presentation August 2021
NON-OPERATED PORTFOLIO, HIGH QUALITY LONG LIFE ASSETS Elgin-Franklin (19.3%) Beryl (34-49%) 17 kboepd (net) to end of June 13 kboepd (net) to end of June Production impacted by an Feasibilty studies underway for unplanned shutdown in…
CASE STUDY: SHELL ASSET ACQUISITION A TRACK RECORD IN CREATING VALUE Key transaction metrics1 Reserve diversification1 CPR 2P Reserves mmboe mmboe Effective date: 1 July 2016 Acquisition price: 3.0 bn Schie- hallion J-Area CPR1 2P…
PATH TO NET ZERO BY 2035 1. Minimise Emissions Investment in Carbon Capture Usage & Storage (CCUS) Measure, manage and Acorn CCS & Hydrogen Project, St Fergus, Scotland minimise emissions Industry partnership, led by Pale Improve…
INTERNATIONAL: A PLATFORM FOR FUTURE GROWTH Ability to pursue a fully funded growth strategy c.1.7 bn boe1,2 Broad set of organic growth options Combined Group 2P & 2C A growing international M&A opportunity set Norway Track…
INTERNATIONAL: DIVERSE PORTFOLIO OF GROWTH PROJECTS Indonesia (28.7%-50%) Vietnam (53.1%) 12 kboepd (net) to end of June 6 kboepd (net) to end of June Strong Singapore demand for High uptime NSBA gas, above TOP levels Ongoing well…
STRONG FINANCIAL POSITION Net debt Liquidity Net debt1 reduced to 2.7bn at end m of May Significant liquidity of c.1bn 3,000 Shell No near-term debt maturities Low average cost of…
CAPITAL ALLOCATION 1 Balance sheet strength Targeting conservative leverage profile through the cycle Potential for an investment grade credit rating 2 Ensuring a robust and diverse UK North Sea: J-Area Platform (Jasmine)…
2021 GUIDANCE Total capex (P&D, E&A and abex (pre-tax)) m Actual Original guidance Current guidance (year to end May) (FY 2021) (FY 2021) 1000 Proforma 197 200-215 185-195 production1 kboepd kboepd kboepd Reported 162 185-200…
H2 2021 OUTLOOK Improved uptime and production with completion V Net Zero and Acorn CCS project submissions to of maintenance programmes UK government Ramp up of rig activity, both in the North Sea and Realisation of merger synergies…
2021 PRIORITIES Maintain safe and responsible operations Focus on health and safety of our people Minimise carbon footprint Production of c. 190 kboepd Successfully integrate the two businesses Maintain low cost base Deliver cost…
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