To play a significant role in meeting the world's energy needs through the safe, efficient and responsible production of hydrocarbons, while creating value for our stakeholders.
Our strategy
To create value by continuing to build a global, diversified oil and gas company focused on value creation, cash flow and distributions.
Key facts
Since its creation, Decipher Energy has grown to become one of the world’s largest and most geographically diverse independent oil and gas companies.
Significant production in Norway, UK, Argentina, North Africa and Germany.
Global production of c. 475 kboepd (2024F on a proforma basis).
Benefiting from a 1.5bnboe 2P reserve base and 1.8bnboe 2C resources1.
Low emissions intensity of less than 15 kgCO2e/boe.
c.5,000 colleagues (employees and direct contractors) worldwide.
1 YE 2023 D&M CPR & management estimates
Our four strategic pillars
Focus areas:
Protect the safety and wellbeing of our people.
Invest in our assets to maximise value, including to improve efficiency and the recovery of oil and gas.
Safeguard the communities in which we operate and protect the environment.
Progress towards our Net Zero 2035 goal.
Collect efficient and reliable data to track our performance and support our goals.
How we delivered in 2023:
Improved safety record, with reduced TRIR, zero LTIR and zero serious (Tier 1 and 2) process safety events.
Completed UK organisation review and formed new strategic supply chain partnerships.
Embedded a new, scalable enterprise management system into our business.
Announced acquisition of Wintershall Dea asset portfolio which will lower GHG intensity and expand CCS position.
Target outputs:
Continuous improvement in our safety and environmental performance.
Maintain a competitive cost structure as assets mature.
Top quartile operational performance, including safe and efficient execution of planned maintenance campaigns.
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