Exploration – Achieved an exploration drilling success rate of 66 percent with 35 discoveries worldwide and added 1.4
billion barrels of oil-equivalent resources. Made significant discoveries at the Anchor and Guadalupe prospects in the
deepwater Gulf of Mexico. Made five natural gas discoveries in the Carnarvon Basin offshore Western Australia,
contributing to the resources available to extend and expand the company’s liquefied natural gas projects. Continued
shale and tight resource drilling programs in Argentina, Canada and the United States.
• Acquisitions – Signed agreements to begin exploration in the Narambuena Block of the Vaca Muerta Shale in
Argentina. Added deepwater acreage in the U.S. Gulf of Mexico. Announced acquisition of offshore acreage in
Myanmar and New Zealand.
• Production – Produced 2.571 million net oil-equivalent barrels per day, with about 74 percent of the volume outside the
United States in more than 20 different countries.
• Major projects – Continued progress on the company’s development projects to deliver future production growth.
o Achieved first production at the Jack/St. Malo and Tubular Bells projects in the U.S. Gulf of Mexico, the
Chirag Oil Project in Azerbaijan, and the Bibiyana Expansion Project in Bangladesh.
o Achieved startup and initial production from the Escravos Gas-to-Liquids Project in Nigeria.
o Continued to ramp up production at the Papa-Terra Project in Brazil, the Loma Campana Project in
Argentina, the Permian Basin in Texas and New Mexico, and the Marcellus Shale in western Pennsylvania.
o Achieved a 230,000-barrel-per-day increase in capacity of the Caspian Pipeline.
o Progressed construction of the Gorgon and Wheatstone projects in Australia, reaching 88 percent and 53
percent complete, respectively, at year-end 2014. Reached final investment decision on the Stampede
Project in the U.S. Gulf of Mexico.
Exploration – Achieved an exploration drilling success rate of 66 percent with 35 discoveries worldwide and added 1.4billion barrels of oil-equivalent resources. Made significant discoveries at the Anchor and Guadalupe prospects in thedeepwater Gulf of Mexico. Made five natural gas discoveries in the Carnarvon Basin offshore Western Australia,contributing to the resources available to extend and expand the company’s liquefied natural gas projects. Continuedshale and tight resource drilling programs in Argentina, Canada and the United States.• Acquisitions – Signed agreements to begin exploration in the Narambuena Block of the Vaca Muerta Shale inArgentina. Added deepwater acreage in the U.S. Gulf of Mexico. Announced acquisition of offshore acreage inMyanmar and New Zealand.• Production – Produced 2.571 million net oil-equivalent barrels per day, with about 74 percent of the volume outside theUnited States in more than 20 different countries.• Major projects – Continued progress on the company’s development projects to deliver future production growth.o Achieved first production at the Jack/St. Malo and Tubular Bells projects in the U.S. Gulf of Mexico, theChirag Oil Project in Azerbaijan, and the Bibiyana Expansion Project in Bangladesh.o Achieved startup and initial production from the Escravos Gas-to-Liquids Project in Nigeria.o Continued to ramp up production at the Papa-Terra Project in Brazil, the Loma Campana Project inArgentina, the Permian Basin in Texas and New Mexico, and the Marcellus Shale in western Pennsylvania.o Achieved a 230,000-barrel-per-day increase in capacity of the Caspian Pipeline.o Progressed construction of the Gorgon and Wheatstone projects in Australia, reaching 88 percent and 53percent complete, respectively, at year-end 2014. Reached final investment decision on the StampedeProject in the U.S. Gulf of Mexico.
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