COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2012

Contractual Obligations

At December 31, 2012, contractual obligations for drilling rigs, purchase obligations, firm transportation agreements, and long-term operating leases are as follows:

Net Minimum Commitments	Total		2013		2014-2015		2016-2017		2018 & Beyond
	(In millions)
Drilling rig commitments(1)	$	896	$	602	$	289	$	3	$	2
Purchase obligations(2)		2,588		1,200		1,182		184		22
Firm transportation agreements(3)		763		148		264		134		217
Office and related equipment(4)		402		49		91		96		166
Other operating lease obligations(5)		754		209		316		205		24
Total Net Minimum Commitments	$	5,403	$	2,208	$	2,142	$	622	$	431

(1) Includes day-rate and other contractual agreements with third party service providers for use of drilling, completion, and workover rigs.

(2) Includes contractual obligations to buy or build oil and gas plants and facilities, LNG facilities, seismic and drilling work program commitments, take-or-pay contracts, and hydraulic fracturing services agreements.

(3) Relates to contractual obligations for capacity rights on third-party pipelines.

(4) Includes office and other building rentals and related equipment leases.

(5) Includes commitments required to retain acreage and commitments associated with floating production storage and offloading vessels (FPSOs), compressors, helicopters, and boats.