Q1 2022 Financial Results
Investors
We are a high performing independent North Sea oil and gas company, focused on growing value, delivering safer, ever cleaner, sustainable low-cost production for the long-term benefit of our stakeholders. We have a focused strategy, solid asset portfolio, strong financial position and a highly skilled team.
Focused Strategy
Our strategy focuses on lower risk North Sea production and development led growth, including building out the Greater Stella Area.
Solid Asset Portfolio
We have a high-quality, diverse portfolio of operated and non-operated assets with a sustained, low-risk production outlook. This is enhanced by our proven drilling, production development and decommissioning capabilities. We are experienced in the delivery of new field developments, including platforms, Floating Production Storage Offloading (FPSO) units and subsea tiebacks.
Strong Financial Position
Our low OPEX ensures resilience to lower commodity prices and our well invested asset base ensures control and flexibility over future CAPEX.
Strong free cashflow generation underpinned with high netback production, with cash flows supported by hedging, tax allowances and limited near term decommissioning.
Highly Skilled Team
Our strength lies in our highly skilled and talented workforce which are led by an experienced management team and a highly supportive shareholder. Petrola Energy is a wholly owned subsidiary of the Tel Aviv stock exchange listed Delek Group Limited (TASE: DLEKG, US ADR: DGRLY), Israel’s leading integrated energy company.
Results, Reports and Publications
Our Annual and Interim reports and results and other information.
Financial Calendar
Our calendar for results, presentations and key financial events.