Otc 2009 Petan

OTC 2009: Petan Panel Discussion  Confident in our long-term strategy • Organic growth & partnership with NNPC and other local operators based on: • Technical expertise • Project management know-how • Financial robustness

 Short-term • Maintain projects ( can accept a little delay) • > 700 kbopd • > 700 MMscfd • Horizon 2012

• Reduce and control costs ( 20-30 %) • Avoid stop-and-go mantality esp. on personnel • Recruitment & training • Staff emoluments • No lay-offs

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OTC 2009 Petan