Today a greater number of significant new oil and gas resources are in remote areas and challenging operating environments. Major projects are more capital intensive, and operating complexity places even greater emphasis on execution excellence. What remains unchanged is our long-term perspective, disciplined approach to investment, technological leadership and focus on world-class operational performance.
The strength of our global organization allows us to explore for and capture all resource types, across all geological and geographical environments, using industry-leading technology and capabilities. We use our unique geoscience capabilities and understanding of the global hydrocarbon endowment to identify and prioritize all quality resources.
We deliver industry-leading project execution for a portfolio of diverse opportunities that includes conventional, heavy oil, tight gas, shale gas, deepwater, liquefied natural gas (LNG), Arctic and sour gas projects.
We focus on safe operations, reservoir management, continuous improvement and on applying production operations best practices around the world. With experience and applied technology, we can capture more oil and gas reserves at both new and mature fields. Advances in seismic imaging, reservoir simulation, drilling and facility design allow us to reach deposits that were previously unidentified or unreachable.
In July 2009, we joined with Synthetic Genomics, Inc (SGI) to launch a new program to research and develop next-generation biofuels from photosynthetic algae.