The company also looks to focus on its premium inventory as it pursues exploration opportunities.
Simultaneous fracs are among the methods being discussed by some U.S. shale players to drill and complete wells faster and more efficiently.
The latest oil discovery was made by the Redtail-1 well in the southeast part of the Stabroek Block.
Despite spending cuts made across the oil and gas industry, some companies are moving ahead with plans to drill exploration wells.
Most of the growth over the next year or so is expected to come from the Permian Basin and Eagle Ford Shale along with notable growth this year from some gas plays, analysts say.
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