Got it! Search ABOUT US OPERATIONS CORPORATE RESPONSIBILITY INVESTORS CAREERS MEDIA CENTRE About us Vision, Strategy and Business Model CEO Introduction Premier at a Glance Our Values Vision, Strategy and Business Model Group Structure Board of Directors Board Committees Governance Our History Worldwide Offices Vision, Strategy and Business Model Our Vision Our vision is to be a world-class upstream independent. Our Strategy Our strategy is to grow shareholder value by investing in high quality production and development opportunities while maintaining exposure to upside value from successful exploration within a strict capital discipline framework. Our Business Model Premier aims to increase net asset value by developing high quality projects. We seek to increase our reserve and resource base through either acquisition or exploration activity depending upon prevailing market conditions. Our business model has not changed but it has to be adaptable in the current environment. During a prolonged commodity price downturn, maximisation of production from a low cost base is even more critical as is the timely delivery of sanctioned projects to budget. The focus is also on preserving portfolio optionality while minimising capital expenditure as a result of funding constraints and priority of capital allocation. This ensures Premier’s business model is resilient and able to deliver on the Group’s strategy in a low oil price environment and also positions us to benefit from improving commodity prices. See the remaining headings for more information on our Business Model. Exploration Premier seeks to replenish its reserve and resource base through successful exploration subject to funding constraints. Acquisition Premier looks to add high quality assets to its portfolio through selective acquisitions with a quick payback period. Development Premier is a full cycle exploration and production company, with a long and established history of asset executing development projects. Production Premier seeks to maximise value form 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. Country and stakeholder benefits Protecting our people, our assets and the environment grants us our social and legal licence to operate, and is critical to our business. LATEST REPORT Download our 2016 Annual Report below. Download PDF Download our 2016 CR Report below. Download PDF INVESTOR LINKS Share Price Results Centre Financial Calendar Presentations MEDIA LINKS Press Releases Press Pack Media Library Media Contacts RSS & EMAIL ALERTS Keep up to date with Premier's latest news by signing up for Email Alerts or using the RSS link. Sign up for Email Alerts Subscribe to RSS © Premier Oil 2017. All rights reserved. Contact Us Legal and Cookies Accessibility Email Alerts