We are building a profitable portfolio of assets that will combine non-operated positions in large basins in mature markets with operated positions in large basins in emerging markets like Azerbaijan and Russia. Our strategic objective is to bridge these two types of markets with technology, partnerships and good governance.

We focus on large hydrocarbon basins where sophisticated technical planning and strong operational execution can unlock value. We are not in the frontier exploration business. Instead, we use our subsurface skills to design and execute appraisal and development programs, including mature field production enhancement projects.

The successful execution of our strategy will require focused technical and operational expertise, strong partnerships and deep experience in the regions where we operate.