b'CONTENTS ABBREVIATIONS USED3 General Information 2D: two-dimensional5 Letter of the Managing Director 3D: three-dimensional8 Financial and Operational Performance 2020 bbl: barrel (ca. 159 liter) 42 Independent Auditors Report to Shareholdersbopd: barrels of oil per day of Staatsolie Maatschappij NV CAPEX: Capital expenditures 46ConsolidatedStatementofProfitorLoss CSS: Cyclic Steam Stimulation47 Consolidated Statement of DDP: Development Drilling Program Other Comprehensive Income EBITDA: Earnings before interest, taxes, depreciation, 48 Consolidated Statement of Financial Position and amortization 49 Consolidated Statement of Changes in Equity EOR: Enhanced Oil Recovery 50 Consolidated Statement of Cash Flows ESIA: Environmental and Social Impact Assessment 53 Index to notes to the Consolidated HSE: Health, Safety and Environment Financial Statements HSEC: Health, Safety, Environment and CommunityHSEQ: Health, Safety, Environment and QualityIFRS: International Financial Reporting StandardsIMO: International Maritime OrganizationIOC: international oil companyIOR: Improved Oil RecoveryIPO: Initial Public OfferingKbbls: thousands of barrelsLTI: Lost-time incident/injuryMMbbls: millions of barrelsMT/CSEM: Magneto Telluric and Controlled Source ElectromagneticMWh: megawatt-hourNSD: Nearshore Drillingoz.: (troy) ouncePSC: Production Sharing ContractULSD: Ultra Low Sulphur Diesel VIU: Value in use'