Outlook

In Europe, the focus is on high-grading development opportunities in the UK and completing exploration activity in Portugal and the Netherlands for drilling in 2010.

In South Asia, we have rationalised our Pakistan portfolio and continue to develop our existing Bangladesh operation.

The Group’s South American business is looking to expand through new ventures, portfolio management, licence rounds and exploration. This activity will continue in 2009 with key exploration campaigns planned for 2010 and 2011.