MEEI Republic of Trinidad & Tobago Year-End 2020 Non-Associated Gas

MEEI Republic of Trinidad & Tobago Year-End 2020 Non-Associated Gas Audit Results December 14, 2021 Herman G. Acuña Executive Vice President Geosciences Certifications Reserves Evaluation Reservoir Simulation Reserves Audits Management Advisory Litigation Support Integrated Field Development Studies Enhanced Oil Recovery

RYDER SCOTT COMPANY POSITIONED FOR A SUSTAINABLE ENERGY FUTURE Innovation and Reliability since 1937 Numbers to to Count Count On. On. Experts Experts to to Trust. Trust. Numbers

AUDIT STANDARD: SPE/WPC/AAPG/SPEE RESERVES & RESOURCES CLASSIFICATION SYSTEM (SPE-PRMS) Numbers to to Count Count On. On. Experts Experts to to Trust. Trust. Numbers 3

AUDIT SCOPE: Non-Associated Gas Technically Recoverable Resources Onshore, Shallow and Deep Water Operators: 1. 2. 3. 4. 5. 6. 7. 8. BHP Billiton Trinidad & Tobago bp Trinidad & Tobago (bpTT) DeNovo EOG Resources Trinidad Ltd Perenco Shell Trinidad & Tobago Ltd Touchstone Exploration Trinity Exploration 9. Open Areas Numbers to to Count Count On. On. Experts Experts to to Trust. Trust. Numbers 4

AUDIT PROCESS: Over 25 Ryder Scott staff members involved (geologists, engineers, technicians) Over 3,500 audit-hours of detailed work Audit conducted over a 5-month period – – – – – In-depth review of the geological and reservoir engineering aspects of the assets Project kick-off & virtual meetings with operators – Week of March 22, 2021 Mid-project reviews with MEEI officials – Week of June 7, 2021 Issue preliminary report – July 27, 2021 Issue final report – August 24, 2021 Numbers to to Count Count On. On. Experts Experts to to Trust. Trust. Numbers 5

YEARLY GAS PRODUCTION (BCF) 10% 6% 3% 22% bpTT 60% Shell EOG BHP DeNovo The Covid-19 pandemic had a significant impact on 2020 production, but production share between main operators was relatively constant from the prior year. bpTT has increased by 3%, Shell has increased by 3%, EOG has decreased by 2%, BHP has decreased by 4%, and DeNovo has grown from 2% to 3%. Numbers to to Count Count On. On. Experts Experts to to Trust. Trust. Numbers 6

UNRISKED GAS TECHNICALLY RECOVERABLE RESOURCES COUNTRY GRAND TOTAL (BCF) Stable P1 C1 Volumes YEAR P1 C1 P2 C2 P3 C3 2010 2011 2012 2013 13,460 13,257 13,106 12,240 7,642 6,035 6,142 5,526 5,995 6,158 5,987 6,116 25,978 30,452 31,616 39,867 2014 11,503 5,470 5,721 43,753 2015 10,601 2016 9,917 5,379 4,722 42,846 2017 10,515 6,127 5,392 57,245 (Inc. Deep Water) 2018 10,526 6,470 6,508 52,997 (Inc. Deep Water) 2019 10,687 6,800 6,412 50,344 (Inc. Deep Water) 2020 10,224 7,159 5,885 55,201 (Inc. Deep Water & MEEI Open Areas) 5,274 EXPLORATION 4,933 43,052 Note: These are unrisked reserves and resources. Unrisked reserves and resources of different categories are not directly comparable. Numbers to to Count Count On. On. Experts Experts to to Trust. Trust. Numbers 7

UNRISKED TECHNICALLY RECOVERABLE RESOURCES AND CUMULATIVE PRODUCTION COUNTRY GRAND TOTAL (BCF) 6% -4% 3% 2% -1% 1% -1% 3% NC 1% Numbers to to Count Count On. On. Experts Experts to to Trust. Trust. Numbers -1% NC 8% 6% 3% 1% 8

UNRISKED GAS TECHNICALLY RECOVERABLE RESOURCES COUNTRY GRAND TOTAL (BCF) 3% 2% -10% NC -10% NC -10% -7% -7% -2% -1% -7% -6% Numbers to to Count Count On. On. Experts Experts to to Trust. Trust. Numbers -9% -7% 6% NC 1.5% -5% 9

2020 EXPLORATION HIGHLIGHTS BP had success in the Ginger exploration well, which was drilled from late 2019 into early 2020 The MEEI subsurface technical team added exploration prospects in the Open Area Blocks Field appraisal and optimal development of deep water opportunities remain critical to commerciality of BHP’s undeveloped discoveries Numbers to to Count Count On. On. Experts Experts to to Trust. Trust. Numbers 10

2020 HIGHLIGHTS Significant volume additions from the Angelin, Bele, Ginger and Parula fields For the year-end 2020 audit, 56% P1 C1 volume replacement was achieved compared to P1 C1 volume replacement of 113% in the year-end 2019 audit Comparatively low P1 C1 volume replacement for the year-end 2020 audit could be attributed to the Covid-19 pandemic and its unprecedented impact on activities in the oil and gas industry Production: P1 C1: P2 C2: P3 C3: 2020 1,058 BCF 10,224 BCF 7,159 BCF 5,885 BCF Numbers to to Count Count On. On. Experts Experts to to Trust. Trust. Numbers 11

THANK YOU FOR YOUR ATTENTION. Numbers to to Count Count On. On. Experts Experts to to Trust. Trust. Numbers 12