Continuity of Net Proved Reserves1

  North America2 North Sea  Southeast Asia  Algeria  Sudan  Trinidad  Total    
Crude oil and Liquids(mmbls)              
Total Proved              
Proved reserves at Decemer 31, 2001 175.8  260.2  39.6  16.9  116.3  608.8 
Discoveries, additions and extensions 10.6  13.5  5.8  1.3  19.0  18.9  69.1 
Purchase of reserves 1.1  7.5  8.6 
Sale of reserves (3.7) (2.8) (6.5)
Net revisions and transfers (2.5) 13.9  (4.2) (4.3) (27.7) (24.8)
2002 Production (17.2) (44.7) (5.1) (13.3) (80.3)
Proved reserves at December 31, 2002 164.1  247.6  36.1  13.9  94.3  18.9  574.9 
Discoveries, additions and extensions 13.1  8.3  17.0  2.3  40.7 
Purchase of reserves 1.1 21.1 - 22.2
Sale of reserves (4.6) - - - (91.7) - (96.3)
Net revisions and transfers 1.1  19.4  4.8  0.5  (0.8) 25.0 
2003 Production (16.4) (41.4) (5.4) (0.1) (2.6) (65.9)
Proved reserves at December 31, 2003 158.4 255.0  52.5  16.6  18.1  500.6 
Discoveries, additions and extensions 14.0  29.7  2.0  8.1  53.8 
Purchase of reserves 0.2  34.0  0.9  35.1 
Sale of reserves (2.1) (3.3) (5.4)
Net revisions and transfers (2.5) 24.0  (1.3) 0.3  (7.2) 13.3 
2004 Production (15.8) (44.3) (7.9) (3.1) (71.1)
Proved reserves at December 31, 2004 152.2  295.1  46.2  21.9  10.9  526.3 
Proved Developed              
December 31, 2001 168.6  203.8  13.3  89.6 475.3 
December 31, 2002 157.2  210.8  11.9  2.4  84.1 466.4 
December 31, 2003 155.4  211.8  18.6  14.6  - 400.4 
December 31, 2004 142.6  252.3  19.2  16.5  10.5  441.1 
Natural gas(bcf)              
Total Proved              
Proved reserves at December 31, 2001 2,052.6  267.3  1,112.1  3,432.0 
Discoveries, additions, and extensions 283.1  14.0  11.7  220.0  528.8 
Purchase of reserves 31.5  0.4  220.0  528.8 
Sale of reserves (26.7) 31.9 
Net revisions and transfers (110.8) (4.3) (122.6) (237.7)
2002 Production (243.6) (39.5) (32.3) (315.4)
Proved reserves at December 31, 2002 1,986.1 237.9  968.9  220.0  3,412.9
Discoveries, additions and extensions 276.3  1.0  64.0  341.3 
Purchase of reserves 92.2  14.4  106.6 
Sale of reserves (11.4) - - - - - (11.4)
Net revisions and transfers (14.9) 19.8  (6.1) (9.0) (10.2)
2003 Production (247.6) (37.5) (40.1) (325.2)
Proved reserves at December 31, 2003 2,080.7  235.6  986.7  211.0  3,514.0 
Discoveries, additions and additions and extensions 370.6  8.0  521.9  900.5 
Purchase of reserves 19.1  0.1  19.2 
Sale of reserves (57.1) (0.5) (57.6)
Net revisions and transfers (19.2) (26.4) 93.5  5.5  53.4 
2004 Production (260.6) (39.5) (47.3) (347.4)
Proved reserves at December 31, 2004 2,133.5  177.3  1,554.8  216.5  4,082.1 
Proved Developed              
December 31, 2001 1,804.7  213.8  252.0  2,270.5 
December 31, 2002 1,746.9  210.0  471.6  2,428.5 
December 31, 2003 1,890.4  200.7  593.9  2,685.0 
December 31, 2004 1,788.2  150.0  624.0  2,562.2 

  1. See oil and gas advisory on page 24.
  2. North American net proved reserves exclude synthetic crude oil reserves: 2002 — 36.7 mmbbls; 2003 — 35.8 mmbbls; 2004 — 35.2 mmbbls.