“We're planning to spud the first exploration well in that block late this year or early next year based on rig availability.”

In context

“assumption around TCO. Operator: We'll go next to Neil Mehta with Goldman Sachs. Neil Mehta: My question is really on the exploration program. Specifically, you have an interesting position in West Africa and Namibia. So maybe you can just give us some historical context of how you got involved here. Is this an asset that you see a lot of opportunity in, especially given some of the announcements from peers over the last couple of weeks? And how do you think about prosecuting it going forward? Michael Wirth: Yes. Thank you, Neil. We've got a nice portfolio of exploration opportunities around the world and including numerous prospects on Block 90 in the Orange Basin offshore Namibia, which lies just outshore -- outbound of where there was a recent discovery announced by another company. We're planning to spud the first exploration well in that block late this year or early next year based on rig availability. The rig will be completed in early '25. We farmed into another block, Block 82, which is further north in the Walvis space, and that was just announced earlier this week. And as you know, there have been a number of discoveries made by companies in the Orange Basin. Our block is on trend with those discoveries. We're encouraged by the success we see from others. And this is certainly an area where the industry has had a high -- a good batting average, a high degree of success. And we're pleased that we've got 2 blocks now offshore Namibia. And of course, we'll talk to you more as we get into the exploration program there. Operator: We'll go next to Paul Cheng with Scotiabank. Paul Cheng: You guys did a small deal look like on the retail marketing asset, adding over 200 stations in the”