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Suspended Wells and Exploration Expenses
6 Months Ended
Jun. 30, 2024
Extractive Industries [Abstract]  
Suspended Wells and Exploration Expenses
Note 9—Suspended Wells and Exploration Expenses
The capitalized cost of suspended wells at June 30, 2024 was $164 million, a decrease of $20 million from December 31, 2023. In the first quarter of 2024, after further evaluation, we recognized dry hole expenses of $18 million for the suspended Busta discovery well on license PL782S in the North Sea.

Exploration Expenses
In the second quarter of 2024, we recognized $22 million as dry hole expense primarily for two partner operated exploration wells in the Alvheim area of the Norwegian sector of the North Sea.