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Upstream strategy

In Upstream we focus on exploration for new oil and gas reserves and developing major projects where our technology and know-how add value to the resource holders.

The implementation of our strategy will see us actively manage our portfolio around three themes in Upstream: building our resources base through world wide exploration, focused acquisitions, and exit from non-core portfolio positions; accelerating our resources to value, with profitable production growth, top quartile project delivery, and operational excellence; and competitive differentiation through integrated gas leadership, technology and partnerships.

Technology, integration and scale

E11 platform, Malaysia

Build resource base

  • Global exploration
  • Focused acquisitions
  • Continued portfolio high grading

 
Accelerate resources to value

  • Grow profitable production
  • Top quartile project delivery
  • Operational excellence & cost leadership

 
Competitive differentiation

  • Integrated gas leadership
  • Technology + partnerships