Operations Overview

Morocco

Drill-ready Inventory
Prospective resources

637mmbbls*

Brazil

Lead Inventory
Prospective resources

911 mmbbls*

Namibia

Drill-ready Inventory
Prospective resources

339 mmbbls*

284 mmbbls*

Morocco

Emerging hydrocarbon province

  • “Drill-ready”
  • The Rabat Deep 1 well demonstrates potential for a new petroleum system
  • No remaining work programme commitments

Morocco Overview

Licence Overview

Two strategically positioned licence areas

Exploration Detail

New petroleum system demonstrated by the RSD-1 well in offshore Morocco

Investment Climate

Robust economy with excellent fiscal terms

Namibia

Frontier hydrocarbon province

  • Prospect S post well analysis underway
  • No remaining work programme commitments

Namibia Overview

Licence Overview

Two blocks located in the Walvis Basin

Exploration Detail

Describing the Walvis Basin

Investment Climate

Stable democracy, encouraging international foreign investment

Brazil

Frontier hydrocarbon province

  • ‘’Drill-ready’’ *
  • 775km2 3D acquired, processed and evaluated
  • Operator, large equity position, partnering underway
  • Prospective resources of 911mmbbls**
  • No remaining work programme commitments

Brazil Overview

Licence Overview

Four shallow water blocks adjacent to major explorer

Exploration Detail

Conjugate basin to Ghana and Côte d’Ivoire

Investment Climate

Significant player in world markets

* Subject to acquiring partners ** Netherland Sewell and Associates Inc. (’’NSAI’’) estimate of gross mean prospective Resources