Full Year 2023 Harbour Energy PLC Earnings Call Transcript

Mar 07, 2024 / 09:00AM GMT
Linda Cook - Harbour Energy PLC - Chief Executive Officer

Good morning. Thanks everyone for joining Harbor's 2023 full year results call. With me this morning is our CFO, Alexander Crane.

Turning to our agenda, I'll start by taking you through our 2023 operational performance and then Alexander will cover the financial results. Then it's back to me to update on the Wintershall Dea acquisition, and we'll leave plenty of time for Q&A.

Starting with our highlights, 2023 was a year of significant strategic delivery for the company. We continued to maximize the value of our producing portfolio while generating material free cash flow. Most importantly, we did this while achieving a top quartile safety performance.

We also progressed our growth projects that will help to diversify the business over time. We materially grew our international 2C resources and hit key milestones for our UK CCS projects.

Our disciplined capital allocation enabled us once again to deliver shareholder returns over and above our base dividend while retaining the flexibility for meaningful M

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