text: 2004 HIGHLIGHTS 
  • Significant progress on new field developments: 
  
  > Bayu-Undan and Minerva commenced production 
  
  > John Brookes and Casino sanctioned 
  
  > Mutineer-Exeter ahead of schedule and Bayu-Undan 
  
  LNG construction on track 
  
  > Oyong and Maleo progressed to imminent sanction. 
  
  • Seven of sixteen exploration wells discovered hydrocarbons, 
  
  including Jeruk. 
  
  • Reserve replacement exceeded production for the third 
  
  successive year. 
  
  • Indonesia established as a core area. 
  
  • New country entry to Egypt. 
  
  • Improved safety performance and first Sustainability 
  
  Review released. 