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Our business strategy is based on applying our competitive strengths to our underlying assumptions on industry direction.
We are prepared for a world in which gas increasingly replaces other energy resources, particularly for power generation, and one in which oil price volatility is to be expected. Our strategy therefore is centred on:
- Commercialising newly discovered and existing gas in Asia, focusing on our strong acreage positions in Pakistan, Myanmar and Indonesia in which there is significant regional demand for gas, combined with the early development of deregulation and regional pipeline infrastructure.
- Targeting oil developments that will still be profitable at low oil prices.
- Harvesting our UK assets to help further growth.
- Continually reducing our cost base.
Areas of Operation
- Indonesia
- Pakistan
- Myanmar
- NW Europe
Quick Facts
Line of Business: Exploration and production in Asia
Ownership: Public
Stock Exchange: London
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