Company report
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16 Pages

Premier corporate report


Premier corporate report

Report summary

Premier has been hit hard by low oil prices, and investors have been concerned about rising debt, cash burn and project execution risk. The company was swift to respond but strategic action to date has not been enough to ease the financial pressure. The conclusion of debt refinancing in 2017 will put the company on a firmer footing, but Premier will remain leveraged to the future direction of oil prices. The underlying business outlook is encouraging with peer leading production growth out to 2018. Premier has longer-term growth options, including the large deepwater Sea Lion project, but the timing, approval and financial capability to participate in pre-FID projects is uncertain as the company focuses on rebuilding its financial strength.

What's included?

This report includes 2 file(s)

  • Premier corporate report PDF - 380.89 KB 16 Pages, 7 Tables, 12 Figures
  • Premier Oil Corporate Report.xls XLS - 3.05 MB

Description

The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Company report offers thought-provoking insight into corporate financial health, investment strategy and operational outlook supported by our proprietary asset data and energy research experts.

Widely used by both the energy and financial sectors, our report gives you a unique perspective on key strategic and financial challenges, as well as opportunities facing this oil and gas company.

Wood Mackenzie provides an independent evaluation and expert opinion on the operational performance, strategy and future of the world's top oil and gas companies. Our unique, objective analysis helps you understand, validate, compare and challenge market and corporate views so you can assess strategic opportunities.

  • Executive summary
    • SWOT analysis
    • Summary
    • Key strategic success factors
  • Valuation
  • Financial health
    • Overview
    • Net debt and liquidity
      • Debt restructuring: balance sheet state-of-play
      • Debt management: still work to do
  • Resources, reserves and production
    • Production
    • Reserves and resources
  • Portfolio summary
  • Economic assumptions
    • Economic assumptions

In this report there are 19 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Valuation
    • Benchmark: share price performance
    • Premier: market premium/discount
  • Financial health
    • Premier: year-end net debt outlook
    • Premier: pre-refinancing debt-maturity profile
    • Premier: year-end net debt scenarios
    • Premier: projected development spend
  • Resources, reserves and production
    • Premier: reported and WM forecast production
    • Benchmark: production CAGRs
    • Benchmark: reserves and resources detail
    • Benchmark: 2011-2015 WM reserve replacement
  • Portfolio summary
    • Portfolio summary: Table 1
  • Economic assumptions
    • Base price assumptions (nominal terms)
    • Base price assumptions (nominal terms)
    • Base, high, and low Brent (nominal terms)
    • Economic assumptions: Table 2
    • Low price assumptions
    • Value assumptions
    • Foreign exchange rate assumptions
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