Investment Case

A focus on  future growth 

A producing,
cash generative
business

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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