Operations Update
Production increased 40% from prior year quarter
Strong performance from Canyon Express and Falcon
Argentine production reached record levels for the quarter
Sable start-up marked first oil produced by foreign company in South Africa
Harrier development on track for first production through Falcon facilities in early 2004
Gas discoveries announced at Tomahawk and Raptor in Falcon corridor
New terms for Olowi block approved
Juno prospect entered with BP in deepwater GOM