Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2011

Commitments and Contingencies [Abstract]

Minimum commitments

Minimum commitments as of December 31, 2011 consist of the following:

	Drilling,  Equipment, and Purchase  Obligations		Transportation and Gathering		Operating Lease  Obligations		FPSO  Lease  Payments(1)		Total
(millions)
2012	$	980	$	55	$	45	$	72	$	1,152
2013		93		49		27		72		241
2014		21		37		28		72		158
2015		13		29		27		70		139
2016		-		29		26		45		100
2017 and Thereafter		-		267		32		155		454
Total	$	1,107	$	466	$	185	$	486	$	2,244

(1) Annual lease payments, net to our interest, exclude regular maintenance and operational costs, and began during fourth quarter of 2011 once the Aseng FPSO initiated producing operations. See Note 12. Long-Term Debt.