International

International

North Sea Offshore West Africa

International operations remain a strategic part of our business, providing a stable and committed source of light crude oil production. We concentrate our efforts in two core areas, the United Kingdom portion of the North Sea and in Offshore West Africa. We are able to apply our expertise in mature, low-risk, exploitation basins to our North Sea operations, leveraging what we have learned to add value through our Offshore West Africa assets. As part of our fundamental strategy, we maintain high working interest in all of our International assets.

In the North Sea, attention is focused on managing existing infrastructure in a mature basin which leads to field life extension. With a solid inventory of drilling prospects, the North Sea provides significant resource potential in a low-risk environment.

In Offshore West Africa, the Company enjoys excellent relationships with the governments of Côté d’Ivoire and Gabon, providing unmatched competitive advantage over other local operators. Providing some of the highest returning projects in the Company, the Offshore West Africa assets continue to generate significant free cash flow as it provides considerable light oil growth.

Q1/14 International Crude Oil and Natural Gas Activity