Business Outlook 2017

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Development Well Counta
Appraisal Well Counta
Exploration Well Counta
Total Production
(million barrels of oil equivalent)
Net Gas Production
(million barrels of oil equivalent)
Liquids Production
(million barrels of oil equivalent)
‘13 ‘14 ‘15 ‘16 ‘17
Year-On-Year % Change
15 13 13 14 13-16
29 18 13 8 5-8
120 126 129 88 80-100
-9% -2% +13% +5% +4%
-7% +2% +7% +4% +4%
-8% 0% +10% +5% +4%
230 234 250 261 265-280
546 545 602 630 645-670
-32% -13% 0% +8% 0%
-6% -38% -28% -38% -25%
-2% +5% +2% -32% 0%
National Balancing Point
Day-Ahead Gas Price
(pence/therm)
68 50 42.6 34.6 40-50
+14% -26% -15% -19% +30%
Brent Oil Price
($/barrel)
108.7 99 52.5 43.7 50-60
-3% -9% -47% -17% +26%
2. Key Performance Indicators
BUSINESS OUTLOOK 2017
6
Forecast
380-390 369 352 311 316