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Investor Presentaiton

VALUE CREATION STRATEGY 2: INCREASE PRODUCTION Focus on increasing efficiency and productivity at our diverse portfolio of fields boepd 35,000 30,000 25,000 Oil production > Average working interest production: 34,117 boepd (FY 2019: 23,935) - Includes maiden contribution from OML 40 and Ubima > 76% production uptime achieved > Six oil wells completed in H1 2020 20,000 15,000 10,000 5,000 14,794 24,252 23,474 29,003 10,091 17,853 25,669 23,935 34,117 0 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 H1 2020 18 SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC | INVESTOR PRESENTATION - Sapele-35, - Ovhor-6ST, Ovhor-20, Ohaji South-5, Ohaji South-6, Gbetiokun-5 > Prioritise most profitable wells depending on oil price expectations > Focus on increasing production efficiency at wellheads › Deploy innovative drilling and production technology to increase output
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