SLIDE 1
May 2009 - Page 2
Strategy
Strategy
- Targeting
production growth to 75,000 bopd by end 2013
- Exploration
programme within disciplined spend
- Acquisition focus
- n core areas
– Asia – North Sea – Middle East - Pakistan Progress
- On target to deliver
50,000 boepd by end 2009 with potential to achieve 75,000 boepd in 2013
- Up to 16 exploration
and appraisal wells
- ver next 18 months
- Acquisition of
Oilexco North Sea Limited, March 2009, completed
- People, funding and
capability in place to execute planned projects
90
Production forecast (kboepd net)
50 40 20 10
2009 2010 2011
30 60
2014 2012 2013 2015
70 80
North Sea developments Asian developments Existing production