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Opening New Exploration Grounds Under a Focused Investment Guideline
| Marcos Mozetic | Page 3 of 11 |
January 31, 2015
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"Opening New Exploration Grounds Under a Focused Investment Guideline"
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2 Activity summary 4th quarter 2011 and 2012 • At least 5 exploration wells in Brazil in 2012 in addition to the 8 we still expect to finish in 2011 • Intense drilling campaign in Alaska (up to 5 rigs) • Consolidate the L/SL play with 3 new wells and increase WI • Resumption of exploration operations in Libya in 2012 • Our first two wells in Norway in 2011 • 2012 could see the spudding of our first wells in Russia • In Peru continue exploration around Kinteroni • Initiate drilling activity in GoM in 2012 • Initiate drilling in SE Illizi in Algeria in 2012 • Bolivia: Finalise Sararenda