Strong Financial Performance
Reported a net profit after tax of more than $1.3 billion. EBITDA margin of 70% despite lower realized prices and inflationary pressures.
Record Production Levels
Achieved half year production of 548,000 barrels of oil equivalent per day and total production of 99.2 million barrels of oil equivalent.
Sangomar Performance
Sangomar generated revenue of almost $1 billion and maintained gross production at nameplate capacity with almost 99% reliability.
Operational Excellence
Reduced unit production costs by a further 7% and achieved high reliability of operated assets.
Gearing and Liquidity
Gearing remains within the target range of 10% to 20%, with strong liquidity at $8.4 billion.
Safety Achievements
No high consequence injuries recorded; 100,000 hours worked without lost time injuries across major projects.