1.      Building Capacity & Expanding Activities

• Establish standby capability to conduct sole risk
• Establish production monitoring capability
• Implement cutting edge ICT Programme
• Conduct activities in the entire value Chain (except retail)

2.      Replacing and Growing Reserves

• Continue aggressive promotion of all basins
• No direct cash investment in exploration and development if possible
• Extend frontiers of exploration with own capital
• Provide a catalytic role in securing country’s borders

3.      Efficient Capitalization and Optimum Participation

• Increase stake in low risk development programmes commensurate  with financial situation
• Enter into strategic alliances with technically and financially sound entities who have some national development interests
• No engagement in crude oil refining and domestic products sales where local private sector is doing so but develop mission critical capacity to market petroleum (crude oil and natural gas)
• Leading role in national gas infrastructure and downstream activities to secure its role in national development with timely invitation to equity partnership.
• Enter into partnership with owners of “strategic” equipment
• Structure assets portfolio to make attractive to domestic financing and ownership

4.      Creating the Appropriate Environment for Stakeholders Participation

·        Support local initiatives in downstream activities which we would not undertake

·        Support local service companies

·        Advice on review of  fiscal regime

·        Advocate effective incentives for achieving low cost of natural gas as basis for evolving a vibrant local industry

·        Adopt positive approach to community development linked to increase in operations

·        Adopt transparency initiatives