Exploration is essential to the long-term growth of our business. In the U.K., we apply our technology, skills and experience to identify new resource opportunities while sustaining a competitive advantage.
Our exploration group is focused on identifying and maturing a portfolio of resource opportunities both in the Atlantic Margin and North Sea regions of north west Europe. In the U.K., this includes larger standalone opportunities together with incremental resource additions to assets through participation in annual Oil and Gas Authority (OGA) Licensing Rounds.
In addition, the exploration group provides key subsurface support to evaluate the resource potential and subsurface risk of near-field opportunities and discovered resource opportunities that will extend the life cycle of core producing assets.