Gulf Of Mexico - Shelf

Our Gulf of Mexico (GOM) producing properties located in the shallower waters of the shelf region are important contributors to our total production stream. We have operated successfully on the GOM shelf for 20 years. We are currently evaluating the market for a potential strategic exit from this region to focus on our onshore growth plan.

• We own interests in 18 wells in 12 oil and gas fields in the shelf area of the Gulf of Mexico, which accounted for approximately 37% of our total 2010 production.