Our business model shows how we run our company to create value for our stakeholders.
We are pursuing a cost-effective proven hub strategy leveraging existing infrastructure to turn stranded or marginal gas assets into cost efficient clusters through:
- Maximising Economic Recovery - optimising existing production
- Recommissioning of existing infrastructure to a required safety standard to deliver gas to the market at a low unit cost
Alongside this we continue to evaluate and pursue development and production opportunities in the Southern North Sea with the potential to further accelerate growth.
With net 2P reserves of 156 Bcfe, 2C resources of 55 Bcfe, we are ideally positioned to supply the growing UK gas demand, providing energy security to the UK, helping the balance of payments and creating jobs.
Our 2P reserves could power 4.5 million homes for one year.
First gas production is scheduled for Q3 2021.