Investor Presentaiton
Appendix
Cost control, expenditure minimised
Ability to flex expenditure to ensure free cash flow positive through the cycle
■ Maintained tight control of opex and
continued cost discipline
■ COP brought forward from loss making fields
2020 Field opex
$/boe
15
■
Ability to flex and control capex as operator
10
5
PremierOil
Budget Forecast
■
Discretionary spend, including exploration,
deferred
Capex with quick pay back prioritised
■ Right sizing future spend (Sea Lion, Tuna)
Committed capex (including abex tax credits)
$m
0
UK
Indonesia
Vietnam
2020F capex reduction
c. $145 million
2020 capex
$m
Abex
P&D, E&A
400
Group
2020F opex reduction
c. $110 million
Abex P&D E&A
300
200
100
0
2020
2021
2022
2023
2024
November 2020
200
0
Budget
Forecast
P22View entire presentation