Commercialization Portfolio

• Alaska
  • Evaluating commercialization of Oooguruk discovery
  • Planning appraisal on Gwydyr Bay

• Gulf of Mexico
  • Negotiating production handling contract for Ozona Deep
  • Planning appraisal well for Thunder Hawk

• North Africa
  • Evaluating market for gas discoveries
  • Expanding oil discoveries

• South Africa Gas
  • Boards are scheduled to meet in early 2005 to consider project approval

• Gabon
  • Postponing indefinitely due to significant increase in development costs
  • Extended deadline to evaluate next steps

Risked Success Plan

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