Our Strategy
Our Strategy
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
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