Investor Presentaiton
Harbour
Investing in high-return, short cycle UK opportunities to support production and cash flow
Energy
UK investment has to compete for capital with other investment opportunities, shareholder returns and debt reduction
UK capital investment (excl. decom)
$bn
2023
2024
0.6
H
0.7
I Well inventions, maintenance Infill drilling
Satellite developments
E&A
Targeting NPV10 breakeven of
<$40/bbl and <40p/therm
Targeting IRRs well in excess of 50%
at today's market prices
Production broadly stable from our three
largest operating hubs (2021-2025F)
AELE: Extending producing life
■ LAD well outperforming
■ NW Seymour online H2 2024
■ Potential to extend field life to 2030+
GBA: Outperforming expectations
■Callanish F6 first production H2 2024
■ Successful Leverett appraisal
■ E&A upside (Brodgar, Gilderoy)
J-Area: Active infill programme
■ Talbot first oil end-2024
Recovery efficiency improvement projects matured
Upside via near-field exploration
Harbour Energy | Investor Presentation
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