Investment Case
A focus on future growth
A producing, cash generative business
VALUE OPPORTUNITY
United can play its part in energy security and in being a responsible oil and gas company during the energy transition.
Production and cash generative business with managed risk across portfolio
Egypt is a low-cost, onshore producing asset generating operational cashflows.
Transformational potential
Jamaica
Jamaica has an estimated 2.4 billion barrels unrisked mean prospective resources across the basin.
GROWTH AMBITIONS VIA FURTHER INORGANIC GROWTH
Focus on production within the North and West Africa and Greater Mediterranean regions whilst remaining opportunistic for value accretive transactions.
Financial resilience and disciplined capital allocation
Work programme funded by operating cashflow.
Balanced spend on exploration and production.
Flexible low capex commitments.
BP facility to be fully repaid in the year.
Underpinned by:
Experienced Board and entrepreneurial Executive team
Strong balance sheet
Commitment to running a responsible business
Strong subsurface, commercial and technical capabilities