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Premier is an international oil and gas exploration and production company

The company’s strategy is to grow shareholder value by investing in high quality production and development opportunities while maintaining exposure to upside value from successful exploration within a strict capital discipline framework. We seek to maintain the highest standards of corporate responsibility.

Well-established international operator

International oil and gas exploration and production company
Experienced management team with deep industry knowledge
Production spread across three regions, diversifying risk
Reserves and resources of around 867 mmboe as at 31 December 2018
Financial discipline and balance sheet focus

Conservative hedging policy protects cash flow
Operating cash flow of US$777 million in 2018
Low cost base and capital commitments
Cash and undrawn facilities of around US$570 million
Focus on delivering balance sheet debt reduction
Growing the underlying value of the business

Seek to maximise value from our low cost, stable production base to generate cash flows
Cash flows are either used to reduce our net debt, invested in high return opportunities, or distributed to shareholders, if appropriate
Develop high quality assets in parts of the world where we have a strategic or operational advantage, for example
UK – strong business unit and considerable tax assets
South East Asia gas market – long term (2029) gas contracts delivering volumes into Singapore
North Falklands Basin – dominant business with access to a material resource base
Mexico – world class oil discovery at Zama
Premier’s exploration focus remains on under-explored but proven hydrocarbon basins
Sureste Basin, Offshore Mexico
North Sumatra Basin, Offshore Indonesia
Add high quality assets to the portfolio through selective acquisitions at low points in the commodity price cycles