Premier Oil Saltire Court 20, Castle Terrace , Edinburgh

Our vision is to be a world-class upstream independent.  Our Strategy  Our strategy is to grow shareholder value by leveraging our development capabilities and balance sheet to deliver high quality projects while maintaining exposure to upside from successful exploration.  Our Business Model  Premier aims to deliver increasing net asset value by investing in and executing the development of high quality oil and gas projects.  Premier accesses the oil and gas reserves and resources to do this through successful exploration and by selectively acquiring assets. Premier also actively manages its portfolio through disposals and, by planning its business on a conservative basis, looks to maintain significant liquidity throughout the cycle. The cash flow generated from these activities continue to support investment in high quality projects, a high impact but capital disciplined exploration programme and, where appropriate, cash returns to shareholders.

Exploration Premier seeks to replenish its reserve and resource base through successful exploration within a strict capital disciplined framework. Development Premier is a full cycle exploration and production company, with an established and successful history of asset development. Production Premier seeks to maximise value from its low cost, stable production base to generate long-term cash flows. Portfolio Management Premier actively manages its portfolio across the cycle to ensure the group’s capital and people are focused on its highest return assets and where the company is best placed to add value.