Offshore Africa

Offshore crude oil and natural gas operations in Cote d'Ivoire under Production Sharing Contracts: Baobab field (FPSO, production temporarily suspended in 2025 for planned maintenance, expected return Q2 2026); Espoir Field (Block CI-26) - Company elected NOT to pursue PSC extension and de-booked associated crude oil reserves; Kossipo - Company decided not to pursue development. $269M recoverability charge YE2025 (Espoir) + $46M (Kossipo E&E derecognition). Operatorship transition for Espoir expected H2 2026.