Supplementary Information  FAS 69

(unaudited)

The supplemental data on the Companys oil and gas activities was prepared in accordance with the FASBs SFAS No. 69: Disclosures About Oil and Gas Producing Activities. Activities not directly associated with conventional crude oil and natural gas production, including synthetic oil operations, are excluded from all aspects of this supplementary oil and gas information.

Results of Operations from Oil and Gas Producing Activities

|Years ended December 31 (millions of Canadian
    dollars) |                                                                                        |       |               |       |                     |       |       |       |         |     |         
|---------------------------------------------------------- | -------------------------------------------------------------------------------------- | ----- | ------------- | ----- | ------------------- | ----- | ----- | ----- | ------- | --- | --------
|                                                           | North
    America                                                                      |       | North
    Sea |       | Southeast
    Asia1 |       | Sudan |       | Algeria |     | Trinidad
|2003                                                       | Net oil and gas revenue derived                                                        |       |               |       |                     |       |       |       |         |     |         
|                                                           | from proved reserves2                                                                  | 2,070 |               | 1,754 |                     | 400   |       | 112   |         | 43  |         
|                                                           | Less: Production costs                                                                 | 367   |               | 583   |                     | 87    |       | 18    |         | 16  |         
|                                                           | Exploration and dry hole expense                                                       | 222   |               | 90    |                     | 26    |       | 5     |         | 1   |         
|                                                           | Depreciation, depletion and amortization                                               | 647   |               | 635   |                     | 95    |       |      |         | 17  |         
|                                                           | Tax expense (recovery)                                                                 | 328   |               | 237   |                     | 77    |       | 30    |         | 3   |         
|                                                           | Results of operations                                                                  | 506   |               | 209   |                     | 115   |       | 59    |         | 6   |         
|2002                                                       | Net oil and gas revenue derived                                                        |       |               |       |                     |       |       |       |         |     |         
|                                                           | from proved reserves2                                                                  | 1,634 |               | 1,914 |                     | 356   |       | 500   |         |    |         
|                                                           | Less: Production costs                                                                 | 339   |               | 588   |                     | 86    |       | 84    |         |    |         
|                                                           | Exploration and dry hole expense                                                       | 194   |               | 29    |                     | 23    |       | 19    |         | 5   |         
|                                                           | Depreciation, depletion and amortization                                               | 583   |               | 701   |                     | 87    |       | 92    |         |    |         
|                                                           | Tax expense (recovery)                                                                 | 205   |               | 430   |                     | 75    |       | 85    |         | (2) |         
|                                                           | Results of operations                                                                  | 313   |               | 166   |                     | 85    |       | 220   |         | (3) |         
|2001                                                       | Net oil and gas revenue derived                                                        |       |               |       |                     |       |       |       |         |     |         
|                                                           | from proved reserves2                                                                  | 1,744 |               | 1,584 |                     | 350   |       | 389   |         |    |         
|                                                           | Less: Production costs                                                                 | 323   |               | 467   |                     | 70    |       | 66    |         |    |         
|                                                           | Exploration and dry hole expense                                                       | 123   |               | 51    |                     | 16    |       | 27    |         | 7   |         
|                                                           | Depreciation, depletion and amortization                                               | 549   |               | 558   |                     | 93    |       | 77    |         |    |         
|                                                           | Tax expense (recovery)                                                                 | 273   |               | 247   |                     | 95    |       | 52    |         | (3) |         
|                                                           | Results of operations                                                                  | 476   |               | 261   |                     | 76    |       | 167   |         | (4) |         
|                                                           |                                                                                        |       |               |       |                     |       |       |       |         |     |         
|                                                           | 1 Includes operations in Indonesia and Malaysia/Vietnam.                               |       |               |       |                     |       |       |       |         |     |         
|                                                           | 2 Net oil and gas revenue derived from proved reserves is net of applicable royalties. |       |               |       |                     |       |       |      
|                                                           |                                                                                        |       |               |       |                     |       |       |       |         |     |         
|Capitalized Costs Related to Oil and Gas Activities        |                                                                                        |       |               |       |                     |       |      
|Years ended December 31 (millions of Canadian dollars)     |                                                                                        |       |               |       |                     |       |       |       |         |     |         
|                                                           | North
    America                                                                      |       | North
    Sea |       | Southeast
    Asia1 |       | Sudan |       | Algeria |     | Trinidad
|2003                                                       | Proved properties                                                                      | 7,751 |               | 6,339 |                     | 1,466 |       |      |         | 151 |         
|                                                           | Unproved properties                                                                    | 227   |               | 88    |                     | 95    |       |      |         | 67  |         
|                                                           | Incomplete wells and facilities                                                        | 31    |               | 1     |                     | 22    |       |      |         |    |         
|                                                           |                                                                                        |       |               |       |                     |       |       |       |         |     |         
|                                                           |                                                                                        | 8,009 |               | 6,428 |                     | 1,583 |       |      |         | 218 |         
|                                                           |                                                                                        |       |               |       |                     |       |       |       |         |     |         
|                                                           | Less: accumulated depreciation,                                                        |       |               |       |                     |       |       |       |         |     |         
|                                                           | depletion and amortization                                                             | 2,694 |               | 3,451 |                     | 498   |       |      |         | 16  |         
|                                                           |                                                                                        |       |               |       |                     |       |       |       |         |     |         
|                                                           | Net capitalized costs                                                                  | 5,315 |               | 2,977 |                     | 1,085 |       |      |         | 202 |         
|                                                           |                                                                                        |       |               |       |                     |       |       |       |         |     |         
|2002                                                       | Proved properties                                                                      | 6,939 |               | 5,592 |                     | 1,422 |       | 986   |         | 217 |         
|                                                           | Unproved properties                                                                    | 214   |               | 14    |                     | 156   |       | 36    |         | 29  |         
|                                                           | Incomplete wells and facilities                                                        | 33    |               | 66    |                     | 22    |       | 17    |         |    |         
|                                                           |                                                                                        |       |               |       |                     |       |       |       |         |     |         
|                                                           |                                                                                        | 7,186 |               | 5,672 |                     | 1,600 |       | 1,039 |         | 246 |         
|                                                           | Less: accumulated depreciation,                                                        |       |               |       |                     |       |       |       |         |     |         
|                                                           | depletion and amortization                                                             | 2,339 |               | 2,774 |                     | 509   |       | 271   |         |    |         
|                                                           |                                                                                        |       |               |       |                     |       |       |       |         |     |         
|                                                           | Net capitalized costs                                                                  | 4,847 |               | 2,898 |                     | 1,091 |       | 768   |         | 246 |         
|                                                           |                                                                                        |       |               |       |                     |       |       |       |         |     |         
|2001                                                       | Proved properties                                                                      | 6,183 |               | 4,454 |                     | 1,092 |       | 889   |         | 26  |         
|                                                           | Unproved properties                                                                    | 408   |               | 284   |                     | 195   |       | 30    |         | 94  |         
|                                                           | Incomplete wells and facilities                                                        | 24    |               | 37    |                     | 56    |       | 22    |         | 23  |         
|                                                           |                                                                                        |       |               |       |                     |       |       |       |         |     |         
|                                                           |                                                                                        | 6,615 |               | 4,775 |                     | 1,343 |       | 941   |         | 143 |         
|                                                           | Less: accumulated depreciation,                                                        |       |               |       |                     |       |       |       |         |     |         
|                                                           | depletion and amortization                                                             | 1,926 |               | 1,965 |                     | 419   |       | 178   |         |    |         
|                                                           |                                                                                        |       |               |       |                     |       |       |       |         |     |         
|                                                           | Net capitalized costs                                                                  | 4,689 |               | 2,810 |                     | 924   |       | 763   |         | 143 |         
|                                                           |                                                                                        |       |               |       |                     |       |       |       |         |     |         
|                                                           |                                                                                        |       |               |       |                     |       |       |       |         |     |         
|                                                           | 1 Includes operations in Indonesia and Malaysia/Vietnam.                               |       |               |       |                     |       |       |       |         |     |         



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S u p p l e m e n t a r y I n f o r m a t i o n

---

|Costs Incurred in Oil and Gas Activities                   |                                                          |          |               |  |                     |  |       | 
|---------------------------------------------------------- | -------------------------------------------------------- | -------- | ------------- |  | ------------------- |  | ----- | 
|Years ended December 31 (millions of Canadian
    dollars) |                                                          |          |               |  |                     |  |       | 
|                                                           | North
    America                                        |          | North
    Sea |  | Southeast
    Asia1 |  | Sudan | 
|2003                                                       | Property acquisition costs                               | Proved   | 369           |  | 189                 |  |      | 
|                                                           |                                                          | Unproved | 184           |  | 2                   |  |      | 
|                                                           | Exploration costs                                        |          | 336           |  | 99                  |  | 70    | 
|                                                           | Development costs                                        |          | 600           |  | 397                 |  | 246   | 
|                                                           | Asset retirement cost                                    |          | 115           |  | 285                 |  | 7     | 
|                                                           |                                                          |          |               |  |                     |  |       | 
|                                                           | Total costs incurred                                     |          | 1,604         |  | 972                 |  | 323   | 
|                                                           |                                                          |          |               |  |                     |  |       | 
|2002                                                       | Property acquisition costs                               | Proved   | 174           |  | 88                  |  |      | 
|                                                           |                                                          | Unproved | 50            |  | 13                  |  |      | 
|                                                           | Exploration costs                                        |          | 271           |  | 134                 |  | 36    | 
|                                                           | Development costs                                        |          | 457           |  | 297                 |  | 233   | 
|                                                           |                                                          |          |               |  |                     |  |       | 
|                                                           | Total costs incurred                                     |          | 952           |  | 532                 |  | 269   | 
|                                                           |                                                          |          |               |  |                     |  |       | 
|2001                                                       | Property acquisition costs                               | Proved   | 828           |  | 213                 |  | 129   | 
|                                                           |                                                          | Unproved | 240           |  | 19                  |  | 245   | 
|                                                           | Exploration costs                                        |          | 251           |  | 106                 |  | 31    | 
|                                                           | Development costs                                        |          | 527           |  | 527                 |  | 110   | 
|                                                           |                                                          |          |               |  |                     |  |       | 
|                                                           | Total costs incurred                                     |          | 1,846         |  | 865                 |  | 515   | 
|                                                           |                                                          |          |               |  |                     |  |       | 
|                                                           |                                                          |          |               |  |                     |  |       | 
|                                                           | 1 Includes operations in Indonesia and Malaysia/Vietnam. |          |               |  |                     |  |       | 

Standardized Measure of Discounted Future Net Cash Flows from Proved Reserves

Future net cash flows were calculated by applying the respective year end prices to the Companys estimated future production of proved reserves and deducting estimates of future development and production costs and income taxes. Future development and production costs have been estimated based on existing economic and operating conditions. Future income taxes have been estimated based on statutory tax rates enacted at year end. The present values of the estimated future cash flows were determined by applying a 10% discount rate prescribed by the FASB.

In order to increase the comparability between companies, the standardized measure of discounted future net cash flows necessarily employs uniform assumptions that do not necessarily reflect managements best estimate of future events and anticipated outcomes. Accordingly, the Company does not believe that the standardized measure of discounted future net cash flows will be representative of actual future net cash flows and should not be considered to represent the fair market value of the oil and gas properties. Actual future net cash flows will differ significantly from those estimated due to, but not limited to, the following:

- production rates will differ from those estimated both in terms of timing and amount. For example, future production may include significant additional volumes from unproved reserves;
- future prices and economic conditions will differ from those at year end. For example, changes in prices decreased the discounted future net cash flows by $3.2 billion in 2003;
- future production and development costs will be determined by future events and will differ from those at year end; and
- estimated income taxes will differ in terms of amounts and timing dependent on the above factors, changes in enacted rates and the impact of future expenditures on unproved properties.

|The standardized measure of discounted future net cash flows was prepared using the following prices: |                 |       | 
|----------------------------------------------------------------------------------------------------- | --------------- | ----- | 
|                                                                                                      |                 | 2003  | 
|                                                                                                      |                 |       | 
|Crude oil and liquids ($/bbl)                                                                         | North America   | 33.32 | 
|                                                                                                      | North Sea       | 37.89 | 
|                                                                                                      | Southeast Asia1 | 41.71 | 
|                                                                                                      | Sudan           |      | 
|                                                                                                      | Algeria         | 38.91 | 
|                                                                                                      | Trinidad        | 39.12 | 
|                                                                                                      |                 |       | 
|                                                                                                      |                 | 37.04 | 
|                                                                                                      |                 |       | 
|Natural Gas ($/mcf)                                                                                   | North America   | 6.32  | 
|                                                                                                      | North Sea       | 5.55  | 
|                                                                                                      | Southeast Asia1 | 3.74  | 
|                                                                                                      | Trinidad        | 1.03  | 
|                                                                                                      |                 |       | 
|                                                                                                      |                 | 5.17  | 
|                                                                                                      |                 |       | 
|                                                                                                      |                 |       | 
|1 Includes operations in Indonesia and Malaysia/Vietnam.                                              |                 |       | 



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Discounted Future Net Cash Flows from Proved Reserves

|                                                     |         | North |     | North |       | Southeast |  |         |  |          |  |       |  | 
|---------------------------------------------------- | ------- | ----- | --- | ----- | ----- | --------- |  | ------- |  | -------- |  | ----- |  | 
|As at December 31 (millions of Canadian
    dollars) | America |       | Sea |       | Asia1 | Sudan     |  | Algeria |  | Trinidad |  | Total | 

|2003 | Future cash inflows2                       | 18,444  |  | 11,032  |  | 5,930   | -     |  | 645   |  | 928   |  | 36,979  
|---- | ------------------------------------------ | ------- |  | ------- |  | ------- | ----- |  | ----- |  | ----- |  | --------
|     | Future costs                               |         |  |         |  |         |       |  |       |  |       |  |         
|     | Production                                 | (4,958) |  | 5,686   |  | (1,107) | -     |  | (165) |  | (122) |  | (12,038)
|     | Development and site restoration           | (1,490) |  | (1,989) |  | (697)   | -     |  | (14)  |  | (248) |  | (4,438) 
|     | Future net inflows before income taxes     | 11,996  |  | 3,357   |  | 4,126   | -     |  | 466   |  | 558   |  | 20,503  
|     | Future income and production revenue taxes | (3,664) |  | (1,393) |  | (1,601) | -     |  | (107) |  | (299) |  | (7,064) 
|     | Future net cash flows                      | 8,332   |  | 1,964   |  | 2,525   | -     |  | 359   |  | 259   |  | 13,439  
|     | 10% discount factor                        | (3,740) |  | (147)   |  | (1,118) | -     |  | (86)  |  | (112) |  | (5,203) 
|     | Discounted future net cash flows           | 4,592   |  | 1,817   |  | 1,407   | -     |  | 273   |  | 147   |  | 8,236   
|2002 | Future cash inflows2                       | 19,639  |  | 13,160  |  | 6,627   | 4,090 |  | 675   |  | 1,143 |  | 45,334  
|     | Future costs                               |         |  |         |  |         |       |  |       |  |       |  |         
|     | Production                                 | (4,325) |  | (5,577) |  | (1,040) | (999) |  | (230) |  | (157) |  | (12,328)
|     | Development and site restoration           | (995)   |  | (1,873) |  | (709)   | (313) |  | (64)  |  | (368) |  | (4,322) 
|     | Future net inflows before income taxes     | 14,319  |  | 5,710   |  | 4,878   | 2,778 |  | 381   |  | 618   |  | 28,684  
|     | Future income and production revenue taxes | (5,654) |  | (2,597) |  | (2,011) | (744) |  | (31)  |  | (370) |  | (11,407)
|     | Future net cash flows                      | 8,665   |  | 3,113   |  | 2,867   | 2,034 |  | 350   |  | 248   |  | 17,277  
|     | 10% discount factor                        | (3,913) |  | (554)   |  | (1,387) | (655) |  | (97)  |  | (161) |  | (6,767) 
|     | Discounted future net cash flows           | 4,752   |  | 2,559   |  | 1,480   | 1,379 |  | 253   |  | 87    |  | 10,510  
|2001 | Future cash inflows2                       | 11,376  |  | 9,347   |  | 4,026   | 2,924 |  | 493   |  | -     |  | 28,166  
|     | Future costs                               |         |  |         |  |         |       |  |       |  |       |  |         
|     | Production                                 | (3,449) |  | (4,253) |  | (875)   | (991) |  | (155) |  | -     |  | (9,723) 
|     | Development and site restoration           | (567)   |  | (1,616) |  | (850)   | (217) |  | (71)  |  | -     |  | (3,321) 
|     | Future net inflows before income taxes     | 7,360   |  | 3,478   |  | 2,301   | 1,716 |  | 267   |  | -     |  | 15,122  
|     | Future income and production revenue taxes | (2,509) |  | (1,284) |  | (929)   | (361) |  | (26)  |  | -     |  | (5,109) 
|     | Future net cash flows                      | 4,851   |  | 2,194   |  | 1,372   | 1,355 |  | 241   |  | -     |  | 10,013  
|     | 10% discount factor                        | (1,797) |  | (292)   |  | (804)   | (478) |  | (121) |  | -     |  | (3,492) 
|     | Discounted future net cash flows           | 3,054   |  | 1,902   |  | 568     | 877   |  | 120   |  | -     |  | 6,521   
|     |                                            |         |  |         |  |         |       |  |       |  |       |  |         

|                                                          | 1 Includes operations in Indonesia and Malaysia/Vietnam.        |  |  |  |  |      |  |        
|--------------------------------------------------------- | --------------------------------------------------------------- |  |  |  |  | ---- |  | -------
|                                                          | 2 Future cash inflows are revenues net of royalties.            |  |  |  |  |      |  |        
|                                                          |                                                                 |  |  |  |  |      |  |        
|Principal Sources of Changes in
    Discounted Cash Flows |                                                                 |  |  |  |  |      | 
|Years ended December 31 (millions of Canadian dollars)    |                                                                 |  |  |  |  |      |  | 2003   
|                                                          |                                                                 |  |  |  |  |      |  |        
|                                                          | Sales of oil and
    gas produced, net of production costs      |  |  |  |  |      |  | (3,308)
|                                                          | Net change in prices                                            |  |  |  |  |      |  |        
|                                                          | Net change in production costs                                  |  |  |  |  |      |  |        
|                                                          | Net
    change in future development and site restoration costs |  |  |  |  | (87) |  | (637)  
|                                                          | Development costs incurred during the year                      |  |  |  |  |      |  |        
|                                                          | Extensions, discoveries and improved recovery                   |  |  |  |  |      |  |        
|                                                          | Revisions of previous reserve estimates                         |  |  |  |  |      |  |        
|                                                          | Net purchases and sales of reserves in place                    |  |  |  |  |      |  |        
|                                                          | Accretion of discount                                           |  |  |  |  |      |  |        
|                                                          | Net change in taxes                                             |  |  |  |  |      |  |        
|                                                          | Other                                                           |  |  |  |  |      |  |        
|                                                          |                                                                 |  |  |  |  |      |  |        
|                                                          | Net change                                                      |  |  |  |  |      |  |        
|                                                          | Balance, beginning of year                                      |  |  |  |  |      |  |        
|                                                          |                                                                 |  |  |  |  |      |  |        
|                                                          | Balance, end of year                                            |  |  |  |  |      |  |        
|                                                          |                                                                 |  |  |  |  |      |  |        

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S u p p l e m e n t a r y I n f o r m a t i o n

---

|Continuity of Proved Net Reserves1    |          |  |        |  |           |  |        
|------------------------------------- | -------- |  | ------ |  | --------- |  | -------
|                                      | North    |  | North  |  | Southeast |  |        
|                                      | America2 |  | Sea    |  | Asia3     |  | Algeria
|                                      |          |  |        |  |           |  |        
|Crude Oil and Liquids(mmbbls)         |          |  |        |  |           |  |        
|Total Proved                          |          |  |        |  |           |  |        
|Proved reserves at December 31, 2000  | 165.9    |  | 233.8  |  | 17.9      |  | 12.2   
|Discoveries, additions and extensions | 17.9     |  | 53.9   |  | 15.3      |  | 7.1    
|Purchase of reserves                  | 8.1      |  | 16.2   |  | 10.6      |  |       
|Sale of reserves                      | (2.9)    |  | (4.8)  |  |          |  |       
|Net revisions and transfers           | 4.7      |  | (0.5)  |  | 1.1       |  | (2.4)  
|2001 Production                       | (17.9)   |  | (38.4) |  | (5.3)     |  |       
|                                      |          |  |        |  |           |  |        
|Proved reserves at December 31, 2001  | 175.8    |  | 260.2  |  | 39.6      |  | 16.9   
|Discoveries, additions and extensions | 10.6     |  | 13.5   |  | 5.8       |  | 1.3    
|Purchase of reserves                  | 1.1      |  | 7.5    |  |          |  |       
|Sale of reserves                      | (3.7)    |  | (2.8)  |  |          |  |       
|Net revisions and transfers           | (2.5)    |  | 13.9   |  | (4.2)     |  | (4.3)  
|2002 Production                       | (17.2)   |  | (44.7) |  | (5.1)     |  |       
|                                      |          |  |        |  |           |  |        
|Proved reserves at December 31, 2002  | 164.1    |  | 247.6  |  | 36.1      |  | 13.9   
|Discoveries, additions and extensions | 13.1     |  | 8.3    |  | 17.0      |  | 2.3    
|Purchase of reserves                  | 1.1      |  | 21.1   |  |          |  |       
|Sale of reserves                      | (4.6)    |  |       |  |          |  |       
|Net revisions and transfers           | 1.1      |  | 19.4   |  | 4.8       |  | 0.5    
|2003 Production                       | (16.4)   |  | (41.4) |  | (5.4)     |  | (0.1)  
|                                      |          |  |        |  |           |  |        
|Proved reserves at December 31, 2003  | 158.4    |  | 255.0  |  | 52.5      |  | 16.6   
|                                      |          |  |        |  |           |  |        
|Proved Developed                      |          |  |        |  |           |  |        
|December 31, 2000                     | 160.9    |  | 173.3  |  | 15.2      |  |       
|December 31, 2001                     | 168.6    |  | 203.8  |  | 13.3      |  |       
|December 31, 2002                     | 157.2    |  | 210.8  |  | 11.9      |  | 2.4    
|December 31, 2003                     | 155.4    |  | 211.8  |  | 18.6      |  | 14.6   
|                                      |          |  |        |  |           |  |        
|Natural Gas(bcf)                      |          |  |        |  |           |  |        
|Total Proved                          |          |  |        |  |           |  |        
|Proved reserves at December 31, 2000  | 1,757.1  |  | 272.6  |  | 540.2     |  |       
|Discoveries, additions and extensions | 293.8    |  | 13.7   |  | 455.2     |  |       
|Purchase of reserves                  | 293.6    |  | 22.8   |  | 125.7     |  |       
|Sale of reserves                      | (44.7)   |  | (1.5)  |  |          |  |       
|Net revisions and transfers           | (24.9)   |  | (5.0)  |  | 23.4      |  |       
|2001 Production                       | (222.3)  |  | (35.3) |  | (32.4)    |  |       
|                                      |          |  |        |  |           |  |        
|Proved reserves at December 31, 2001  | 2,052.6  |  | 267.3  |  | 1,112.1   |  |       
|Discoveries, additions and extensions | 283.1    |  | 14.0   |  | 11.7      |  |       
|Purchase of reserves                  | 31.5     |  | 0.4    |  |          |  |       
|Sale of reserves                      | (26.7)   |  |       |  |          |  |       
|Net revisions and transfers           | (110.8)  |  | (4.3)  |  | (122.6)   |  |       
|2002 Production                       | (243.6)  |  | (39.5) |  | (32.3)    |  |       
|                                      |          |  |        |  |           |  |        
|Proved reserves at December 31, 2002  | 1,986.1  |  | 237.9  |  | 968.9     |  |       
|Discoveries, additions and extensions | 276.3    |  | 1.0    |  | 64.0      |  |       
|Purchase of reserves                  | 92.2     |  | 14.4   |  |          |  |       
|Sale of reserves                      | (11.4)   |  |       |  |          |  |       
|Net revisions and transfers           | (14.9)   |  | 19.8   |  | (6.1)     |  |       
|2003 Production                       | (247.6)  |  | (37.5) |  | (40.1)    |  |       
|                                      |          |  |        |  |           |  |        
|Proved reserves at December 31, 2003  | 2,080.7  |  | 235.6  |  | 986.7     |  |       
|                                      |          |  |        |  |           |  |        
|Proved Developed                      |          |  |        |  |           |  |        
|December 31, 2000                     | 1,568.4  |  | 215.9  |  | 120.0     |  |       
|December 31, 2001                     | 1,804.7  |  | 213.8  |  | 252.0     |  |       
|December 31, 2002                     | 1,746.9  |  | 210.0  |  | 471.6     |  |       
|December 31, 2003                     | 1,890.4  |  | 200.7  |  | 593.9     |  |       
|                                      |          |  |        |  |           |  |        

|1 | Net reserves are after deducting royalties. See note 1(g) of the Consolidated Financial Statements for additional disclosure regarding royalties.
|- | -------------------------------------------------------------------------------------------------------------------------------------------------
|2 | North American net proved reserves exclude synthetic crude oil reserves: 2001  36.4 mmbbls; 2002  36.7 mmbbls; 2003  35.8
    mmbbls.         
|3 | Includes operations in Indonesia and Malaysia/Vietnam.                                                                                           

S u p p l e m e n t a r y I n f o r m a t i o n

2 0 0 3       A N N U A L        R E P O R T            
75

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