Key figures

Key financials

USD million 2021 2020 2019 2018 2017
Revenues          1,004.1          614.9  971.4              829.3            347.4
EBITDAX            739.3        378.8             695.8            703.5            768.6
EBITDA 606.9        322.8  549.4              638.8            735.6
Operating profit/-loss            320.9 -314.5 75.6 376.8            521.1
Net profit/-loss            203.9 -285.9               73.5            354.3            495.0
Netback            781.6          559.1 606.3             489.1            231.8
Free Cash Flow            362.0         150.5 -59.0            333.0            207.0
Operational spend            663.8          511.4             786.0            293.2            259.5
Net debt            153.4         472.5             513.3 -129.1             -30.2
Lifting costs (USD/boe)                5.3             4.9                 5.1                 2.9                 3.7
Netback (USD/boe)              22.7          15.3               15.5              15.4                 8.9

 

 Key operational data

  2021 2020 2019 2018 2017
Gross operated production (boepd)         108,713         110,282         126,985        117,607        113,530
Net production (boepd)*           94,477         100,063         110,344          86,789          71,222
Sales volume (boepd)           42,171           54,382           52,792          33,007          27,708
Net 2P reserves (MMboe)*             321.4             359.9             370.2            403.8            411.8

 

* Effective from 2021, the Company reports its net production, reserves and resources based on the percentage ownership in all of its licenses. Prior to 2021, the Company reported its net figures from licenses governed by PSCs/PSAs on a Company Working Interest (CWI) basis. Comparison figures are updated accordingly.