Introduction Operations Finance Outlook Evolution of Harbour 200 kboepd 175 kboepd1 137 kboepd 17 kboepd ConocoPhillips Largest UK listed Harbour founded by Shell transaction Premier merger transaction completed…
Introduction Operations Finance Outlook Strategy Our strategy is to continue to build a global, diversified oil and gas company Ensure safe, reliable and environmentally responsible operations Maintain a high-quality portfolio of…
Introduction Operations Finance Outlook Highlights year-to-date and outlook Q1 production averaged 215 kboepd, up c. 35 per cent on Q1 2021 On track to meet full year guidance of 195-210 kboepd Q1 operating costs of 14.1/boe;…
Introduction Operations Finance Outlook 2022 Production up c.15% due to full year from Premier, new wells on-stream and improved uptime Production 2022 Guidance kboepd Up c.15% at guidance mid-point 195-210 kboepd 250 2021 175…
Introduction Operations Finance Outlook North Sea assets West of Shetlands Beryl Area 2022 year-to-date highlights Operated Non-operated Improved operational reliability Continued outperformance from the GBA satellite wells Clair…
Introduction Operations Finance Outlook Tolmount: First gas achieved, ramp-up underway Tolmount: Will increase UK domestic gas production by 5% ATEX inspection and repair campaign concluded Testing and commissioning of platform…
Introduction Operations Finance Outlook International portfolio Cash generative assets in South East Asia, with attractive organic growth options in Indonesia and Mexico Tuna, Indonesia: Zama, Mexico: Andaman, Indonesia: Positive…
Introduction Operations Finance Outlook CCS projects: V Net Zero & Acorn Progressing our UK CCS projects to support a lower carbon economy in the UK and generate revenue from importation V Net Zero Low cost low risk CO2 transportation…
Highlights Operations Finance Outlook Delivering against our capital allocation priorities Safeguard balance sheet Ensure a robust & diverse portfolio Deliver shareholder returns Targeting leverage of less than 1.5x Focused…
Highlights Operations Finance Outlook Increased production and commodity prices to drive materially higher free cash flow in 2022 Net debt million 2022 forecast FCF1 A diversified capital structure 3,000 10% 1.5bn-1.7bn 4.5 billion…
Highlights Operations Finance Outlook Three year (2022-2024) capital allocation outlook Well placed to deliver value creation, growth and shareholder returns CMD price assumptions1 Illustrative three year capital allocation Over…
Introduction Operations Finance Outlook Well positioned for value creation Pure play, upstream, Diverse, cash Positioning for the global O&G company generative producing energy transition portfolio of scale A unique…