READY,
WILLING
& ABLE

We are creating a strong, sustainable business. With teams and operations spanning UK, Norwegian and Dutch waters. Building scale and reputation across the full cycle. Thinking and moving quickly. And proudly pioneering new approaches to exploration and production. Every day.

EXPLORATION

We are committed to our vision of Spirit Energy being a self-sustaining full-cycle E&P company in north-west Europe generating robust returns through focus on better performance and commercial excellence.

Our exploration strategy focuses on exploring in areas close to existing infrastructure that can deliver resources and production in the medium term. We consider the mature areas of the Norwegian Continental Shelf (NCS) and the UK Continental Shelf to have significant value potential and have remaining prospectivity with faster impact that we target our investments towards. This drives our focus towards four core areas; the greater Halten Terrace, Norwegian northern North Sea, UK Central North Sea and the northern fringe of the UK southern North Sea.

Spirit will be an active participant in licensing rounds and seek opportunities through acquisitions to deliver on the strategy.

We are committed to finding new resources. We know our rocks and we know our region. We are going after the most promising opportunities, and partnering with other leading explorers and developers to further diversify our portfolio.

Discovery in the Norwegian North Sea

Ossian-Darach exploration well discovery

136

Licences

33

Fields

DEVELOPMENT

Extracting oil and gas is a team sport. We’re converting our resources into reserves by thinking differently and collaborating effectively. We demand execution excellence; optimising our operated assets with carefully chosen supply chain partners, and selecting and managing our non-operated opportunities efficiently.

12

Developments

PRODUCTION

Production is at the core of any E&P company, and with over 30 years’ in the game, we have a depth of operating experience that is the envy of many. We maximise value from a balanced portfolio of operated and non-operated assets, supported by strong in-house operational and commercial expertise.

Read more about how Spirit Energy raises production from key North Sea fields

DECOMMISSIONING

We are a good steward. We look after our assets in old age, and remove our stuff safely and efficiently. We fulfil our obligations and minimise our impact on the environment. When it comes to technology, we are also willing to take a chance on solutions that offer the possibility to reduce both cost and risk.

Good stewardship matters

5

Sites being safely decommissioned