“So overall, I think we talked a little bit about inflation on CapEx and the fact that certainly in the near term, we're feeling pretty good... So as it relates to our overall capital projects, we feel pretty good over the next couple of years.”

In context

“frame. And obviously, on or under budget is something we're always focused on. Operator: Next, we'll go to Paul Cheng with Scotiabank. Paul Cheng : First, hopefully, that also won't use my quota, yet I want to complement IR for the new format on the call as well as the increased disclosure, really appreciate. I have to apologize first because I want to go back into the inflation question. Kathy, on -- if we're looking out for your next several years, do you have a number you can share what percent of your CapEx is pretty much that had some pretty fixed pricing? And what percent is going to be subject to the inflation factor? And also in your presentation, you talked about the 3% off-cycle compensation adjustment. Could you quantify that how big is that number for us? Kathy Mikells : Sure. So overall, I think we talked a little bit about inflation on CapEx and the fact that certainly in the near term, we're feeling pretty good because we did a lot of work during the pandemic. So we had caused some projects. And during the pandemic, we did a lot of work to actually put the contracts in place like finish the engineering and put the contracts in place at a point where I'd say there was some deflationary pressures in the market. So as it relates to our overall capital projects, we feel pretty good over the next couple of years. And obviously, strategically, the timing of when we do the engineering, when we go out to procurement, is something that we're always looking at and taking into consideration. And then I mentioned the fact that doing our own procurement globally to make sure that we're getting globally competitive bids is something else we do. We do spend a lot of money over the years as we're looking forward on the boats associated with Guyana development. And again, we approach that in a really strategic man”