In brief: We continue explore for oil and gas to meet the global demand for energy and support the transition to a low-carbon future. As the world population and economies grow, the need for reliable and affordable energy sources remains critical.
Our expertise in developing resources responsibly and efficiently enables us to contribute to global energy security. At the same time, we are investing in renewable energy and low-carbon solutions while maintaining a profitable and competitive hydrocarbon portfolio. This dual approach enables us to create long-term shareholder value and contribute to the United Nations Sustainable Development Goals.
Going forward, when we access new acreage and future exploration, we will focus on areas where we already have activity and existing infrastructure, ensuring shorter time span from discovery to production to capitalise on previous investments. Frontier exploration will be limited.
