Our Strategy

Our Strategy

United Oil & Gas.
Photo Chris Bellew /Fennell Photography Copyright 2021

We are and oil and gas company. United’s business model is to hold assets within the oil and gas life cycle to deliver value for the shareholders. 

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 leading independent oil & gas company focused on North and West Africa and the Greater Mediterranean.

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 five key pillars;

1

Value and strength of our existing assets

UK onshore gives us the opportunity to re-develop the Waddock Cross oil field, which the Operator estimate contains 57 MMBO of oil-in-place.

Jamaica – Exploration assets with > 2.4bn barrel potential

We actively manage our portfolio to unlock the value of each asset throughout its life-cycle

2

Commitment to managing a responsible business

Producing energy in a safe and responsible way 

Creating a safe work environment

Excellent business ethics and good governance

3

Financial and risk management

Disciplined allocation of capital where it generates the best returns 

Ability to access finance to fund future growth opportunities

Cost management

Management of financial risk and mitigants

Work programmes funded by cashflow generated from existing operations

4

Experienced team

Leveraging breadth of experience and strong industry relationships

Strong technical, financial and commercial capabilities – expertise in identifying new opportunities

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

Demonstrated ability in financing significant corporate growth

5

Growth through M&A 

Targeting opportunities that will deliver growth and value

Focused on North and West Africa and the Greater Mediterranean area, looking to build on presence in Egypt and existing experience 

Remaining opportunistic for assets outside these areas