Our Strategy
Our Strategy
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
Egypt gives us low-cost production leveraged to high oil prices that continues to deliver strong operating
cashflow providing a solid base from which to grow
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
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