Offshore Exploration Strategy

UPSTREAM GUYANA Balancing exploration and development optimization to maximize value 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019+ Atlantic Ocean Explore Delineation drilling Develop GUYANA GUYANA BRAZIL STABROEK Liza Deep -Liza 4 . Atlantic Ocean Keys to Success • Maintaining pace of exploration drilling in multiple plays across Stabroek block Leveraging scale to maximize value through simultaneous development Recent discoveries offer development optionality; optimization requires deliberate planning 275 MILES 9

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