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Suspended Wells and Exploration Expenses
9 Months Ended
Sep. 30, 2024
Extractive Industries [Abstract]  
Suspended Wells and Exploration Expenses
Note 9—Suspended Wells and Exploration Expenses
The capitalized cost of suspended wells at September 30, 2024 was $196 million, an increase of $12 million from December 31, 2023. In the third quarter of 2024, a partner operated well completed drilling in the Gulf of Mexico and was suspended pending further analysis. 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.