Special feature

Clear progress

Our vision is to be the leading global independent exploration and production company and we have a clear and consistent exploration-led growth strategy to achieve this. This special feature is a performance report of the progress we have made towards our strategic priorities in 2012.

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OUR BUSINESS MODEL

Our business model has two dimensions aligned to how we create value and how we run our business

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EXPLORATION & APPRAISAL

INDUSTRY LEADING SUCCESS IN EXPLORATION

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DEVELOPMENT & OPERATIONS

MATERIAL PRODUCTION & OPERATIONAL CASH FLOW

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FINANCE & PORTFOLIO MANAGEMENT

WELL FUNDED BALANCE SHEET & FINANCIAL FLEXIBILITY

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RISK MANAGEMENT

STRONG & EFFECTIVE RISK MANAGEMENT PROTECTS OUR BUSINESS

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GOVERNANCE & VALUES

HIGH STANDARDS OF GOVERNANCE, ANTI-CORRUPTION & TRANSPARENCY

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ORGANISATION & CULTURE

SKILLED MULTI-DISCIPLINARY TEAM FOCUSED ON SUCCESS

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CREATING SHARED PROSPERITY

TANGIBLE ECONOMIC & SOCIAL BENEFITS WHERE WE OPERATE

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SUSTAINABLE LONG-TERM VALUE GROWTH

UNRIVALLED COMPETITIVE ADVANTAGE

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