Investor Presentaiton

Production Catcher at oil plateau rates. Varadero Drilling Template 1 Satellite fields 4D seismic 4x infill wells Gas injection Varadero Drilling Template 2 Catcher North/ Laverda Drilling Template Varadero Towhead Manifold Varadero Bundle Burgman Drilling Template 2 Burgman Towhead Manifold November 2020 Varadero Riser Base Towhead Burgman Bundle Burgman Drilling Template 1 Burgman Riser Base Towhead FPSO Catcher Drilling Template 2 PremierOil Legend Gas Export Gas Lift Production Water Injection E.H.C. Umbilical 2020 ytd ☐ 26.5 kboepd, constrained in Q3 while build up of Calcium Naphthenate removed ■ C. $2/bbl premium to Brent ■ Low field opex ■ Varadero well drilled ■Trial gas re-injection project; positive results to date. Outlook ☐ ☐ Catcher Gas Export PLEM Hopper of high return investments available Significant upside in recovery factor Catcher Bundle Catcher Towhead Manifold Catcher Drilling Template 1 Catcher Riser Base Towhead Midwater Arch Langeled 44" Gas Pipeline CATS Everest to Teesside 36" Gas Pipeline Curlew Deep Gas Diverter Gannet to Fulmar Fulmar to St. Fergus 16" Oil Pipeline 20" Gas Pipeline Rockdump protection Further reserve upgrades anticipated P11

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