Exploration Insight 2022 - OEUK

Figure 3: Exploration & appraisal wells drilled 2010-2022 Source: NSTA, OEUK

70

Exploration App raisal

60

50

40

30

Wells drilled

20

10

0

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 (So far)

Source: NSTA, OEUK

Figure 4: Total approved new reserves Source: NSTA, OEUK

1600

120

Approved r eserves Potential 2022 r eserves Average a nnual o il p rice

1400

100

1200

80

1000

400 Total n ew a pproved r eserves (mn boe) 600 800

60

( $ /boe)

40

20

200

0

0

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022E

Source: NSTA, OEUK

EXPLORATION INSIGHT 2022

9