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Multiple new venture opportunities provide substantial exploration upside and the potential to discover new core areas for Noble Energy.

The company's new venture teams actively seek new exploration opportunities and their efforts have resulted in the acquisition of large acreage positions offshore the Falkland Islands, Gabon and onshore US in Nevada. We also have a non-operated working interest offshore Suriname, where a 3D seismic survey has been completed and is being processed.

In early 2016 we plan to drill the Rhea exploration well offshore the Falkland Islands, where we have access to explore more than 10 million gross acres with multibillion barrel resource potential.

Offshore Gabon, we are currently conducting an environmental impact assessment and considering options for shooting and acquiring 3D seismic data.