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Conventional
Conventional oil and natural gas is the largest and most diverse value chain in the Upstream portfolio, and has operations spanning a wide range of operating conditions in nearly 20 countries.
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Our conventional assets produce more than 1.3 million net oil-equivalent barrels every day. In our mature conventional operations, we are focused on maximizing cash flow generation through the application of proprietary technology, such as production surveillance and optimization algorithms. This helps minimize decline and increase recovery efficiency, supporting production and sales of approximately 1 million net barrels of oil and more than 2 billion net cubic feet of natural gas per day.
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