future exploration

Identify, evaluate, pursue, and capture all high-quality opportunities that span the full range of resource lifecycle and type:

• New exploration concepts and tests of new plays, which if successful, will provide significant long-term resource growth;

• Further exploration of established and mature plays. These typically have the potential for near-term additions to the resource base; and,

• Discoveries that are undeveloped or only partially developed, unconventional resources, and acquisitions.

By taking a long-term approach, Spectra seeks to be optimally positioned to capture a balanced portfolio of new, high-quality opportunities, including conventional, discovered undeveloped, and unconventional resources. Opportunities are prioritized on a global basis and tested to ensure viability across a broad range of future business environments.