Business Outlook 2017

BUSINESS OUTLOOK 2017

2. Key Performance Indicators

Forecast

‘13 ‘14 ‘15 ‘16 ‘17

Year-On-Year % Change

108.7 99 52.5 43.7

50-60

Brent Oil Price ($/barrel)

-3% -9% -47% -17% +26%

68

50 42.6 34.6

40-50

National Balancing Point Day-Ahead Gas Price (pence/therm)

+14% -26% -15% -19% +30%

316

311

352

369

380-390

Liquids Production (million barrels of oil equivalent)

-9% -2% +13% +5% +4%

230 234 250 261

265-280

Net Gas Production (million barrels of oil equivalent)

-7% +2% +7% +4% +4%

546 545 602 630

645-670

Total Production (million barrels of oil equivalent)

-8% 0% +10% +5% +4%

15

13

13

14

13-16

Exploration Well Count a

-32% -13% 0% +8% 0%

29

18

13

8

5-8

Appraisal Well Count a

-6% -38% -28% -38% -25%

120 126 129 88

80-100

Development Well Count a

-2% +5% +2% -32% 0%

6

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