Our Strategy

Our Strategy

Strategy Featured
Focused on growth. We have refocused our portfolio, have organic near-term growth opportunities and high-impact exploration. We are looking to complement this growth with M&A activity.
Focused on growth. We have refocused our portfolio, have organic near-term growth opportunities and high-impact exploration. We are looking to complement this growth with M&A activity.

Our purpose

Responsibly produce energy for our communities and stakeholders

Our vision

To become a mid-cap energy company within 3-5 years

Our strategy

Create value by actively managing our existing assets whilst growing our business through additional high-margin opportunities

United’s growth strategy is supported by four key pillars;

1

Strength of our assets

Active portfolio management unlocking the value of each asset at the optimum time

Low-cost production leveraged to high oil prices that delivers positive cashflow at all oil price levels

Organic growth potential

  • Egypt through developing discovered resources
  • Egypt production up 119% since effective date of acquisition, with a reserves replacement ratio of 114% over the same period
  • Low-risk exploration potential in a proven hydrocarbon basin
  • Jamaica – Exploration assets with > 2.4bn barrel potential
  • UK Central North Sea has attractive investment and commercialisation opportunities 

2

Commitment to managing a responsible business

Creating a safe work environment

Producing energy in a safe and responsible way

Excellent business ethics and conduct

3

Financial and risk management

Capital Allocation

Cost management discipline

Management of financial risk

Work programmes funded by cashflow generated from existing assets

Ability to access finance to fund future growth opportunities

4

Experienced team

Technical, Financial and Commercial capabilities – expertise in identifying new opportunities

Breadth of experience and strong industry relationships

Track record of executing deals with large scale E&P companies

Demonstrated ability in financing significant corporate growth