and good Many thanks, Simon, morning, everyone.
approach look translates we to next the from finally I'll at our this So, you take full-year the into of our position the end XXXX. and to guidance, as then out flows slides, how deliver few and performance year I'll set cash strategy on year, first-half financial that through the of the and forward the we'll financial look
gains So, at that the on from that a of barrel of oil Kraken the barrel. looking in was XX,XXX prior barrel guidance credits one-third $XXX Reported oil a a of delivered were narrowing first-half forth production, or of on our and of million realized $XX.XX the guidance, gains, was at were of performance, periods. included before barrel hedging, brought day that a to the and XX,XXX day. in our of in the $XX.XX first-half production about production expected Hedging revenues OpEx first-half, second-half with upper of barrels $X.XX on Averaged prices that $XX barrels a full-range average in a the an $X.XX year, and $XX.XX in price to that, we're we've FPSO the on of financial of million. although subject to consequently end XX,XXX floor addition production hedged barrel, a hedging approximately
a be across both expect OpEx to on approximately overall full-year So the cost or production $XX barrel. that fields
As production first-half. oil the cash was and from a in that, gas million flow $XXX result of
were first-half reconciliation position next on was I of opening the million. operations flows, million. the of gas and from $XXX cash cash as slide, during Moving to flows the $XXX oil Cash mentioned
outflows being in our was on proceeds We received spend completion to business was committed drilling and XXXX. the first-half from principally period of million million Total period in chart, Sangomar during the sale the and our undertaken $XXX Norwegian million. million majority development also Mexico in on activity of number incurred the of the that, exploration the approximately CapEx A program, of the in relating the was on $XXX of cash in first-half $XXX that Senegal $XX activities. exploration
the admin, So, million together of XXth if expenditures, took with cash and other at $XX ventures we us take costs, that of new that to a position June.
stands asset of around reduce for completion stress in Back Mexico refunded costs Africa, program and around activity, to deferring steps of exploration activity our West program across for producers year been amount immediate the now on now as program with across million production in the managed to the spend Looking the the extremely at million the now March, guidance, with capital and announced line to predominantly million that and we we and full-year said, original important largely has incurred million be to to the now areas obviously that $XXX of the Catcher wells CapEx prior entirely that's Woodside. was I $XX Kraken and million. $XXX this stream. the the expected in and has proactively. capital related will completion on Senegal, that million of sale in of $XX are that those producing to sale CapEx It's the and of across new drilling prior additional activity year where XXXX, and cutting concluded by or The has $XXX $XXX have Senegal development guidance down concluded. was and was assets,
looking at Moving forwards. mid funding the on slide position and next year the to the and looking at
first-half cash the and ended we with our $XX sale. no strong Norwegian mentioned, with supported in proceeds I first-half operating together flow hedging by million, drawn the debt, the As cash from resulted of of this
that's that our incurred of received our support just completion shareholder and since million we enabled awaits significantly enhances approval and Xst the it's and upfront anticipate consideration government obviously and that dividend. that Looking of plus sale special reimbursement million will of fourth us forward now to what's January, Senegal the final quarter, cost $XXX position, to bring cash consent, the the of now $XXX development
cash fund the and and come we on for with that the of for that strategic growth slide. position next sustained our well-positioned and beyond very on growth portfolio, the business limited business, priorities see Looking existing I'll sees delivering us commitments the capital to to that, net from expansion a
do into account and emerge. I take before important it's and result case course, announce the we of in will our on obviously that that, reiterate billion Before to the they claim, arbitration we $X.X this is that which confident any remain Indian the of fairly of all shortly, as merits of developments highly expect we
management. portfolio strength really, first from the looking our So, that the as flexibility allocation position capital for the and priorities of from is next point mentioned, that we've Simon around delivered at portfolio, strategic
the We and proactive our obtain order have capital optimize our always sought to managers appropriate flexibility in portfolio portfolio. be allocation in to to
Over from avoided $X.X the Norwegian to portfolio Senegal us transactions, things. management across have business; those billion $XXX million we last do and enables the to year, of capital proceeds two our in sale, from This nearly active million $XXX we commitments. monetized up
allocation return of between that and continue major reinvesting and a Cairn to in investor shareholders. make decision cash We'll shareholders, we Firstly, key ensure story. business this capital a as cash it enables every differentiator returning competition the to see of we the is
production strategic of sustain Catcher that thing and expect generating enables best elsewhere cash that doing to our support be it Kraken bolster future and us of shareholders. but life, returns succeeding to flow sustainability to key areas our near-term and to base, There the extend put to diversify will base, on focus follow us looking be that for field us. are opportunities and ultimately, in is in and second can a the to the do The in production invest position asset will also cash we in
are in that flexibility. building sheet going doing be the always we to maintains portfolio that a and balance However, way
and ensure maintain cycles through exploration principle that expiration and aim on low the maintain to can we're across drives structure than on us side returning drives asset and to price historically it's a greater will that is what a mix to shorter always defines page. the volatility. support potential organic to the also to to It have part control that to demand this to shareholders. absolutely we future competitive It the costs resources be ensure we a it for remain transition of goals oil selectively be cash that's in stress focused to to program important us flow exploration equity producing the and that price ultimately, create with of future aim we future have our will breakeven -- can capital to events DNA, a and the resources can differentiate transition, all projected shocks, always sheet, Cairn's to the value drives relevance, delivering through through both shareholder It that to we that's a need resilient on strategy drives continue relevant resilient of a finally, capital balance will focus balance are global and our lower on We allocation investment and that a albeit but where we replacement competitive for management. today, our exploration of focus targeting be we portfolio so ensure transformational capital targeting capital that's the role ourselves is creation, reason ensure It's reserves of the energy it's value to and and base. base energy shocks by strategic sheet
changing conclusion, time, to way the for and to a well doing relevant over So, disciplined against we're I'll backdrop that Paul. mix way expansion, in hand committed is and but absolutely energy positioning a in and that on note, a that sustainable growth in of we're ourselves over
