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L-01 HIGHLIGHTS OF DEEPWATER E&P WITH SPECIAL EMPHASIS ON WEST AFRICA J. ROELOFSEN IHS ENERGY GROUP PO Box 152 1258 Perly-Geneva Switzerland 1 Introduction Deepwater exploration has been much on the frontpage of E&P news the last couple of years. And the statement of the early nineties that deepwater was the new frontier exploration area has become true with a series of giant oil and gas fields been discovered beyond the 500-meters water depth line. Notwithstanding this success in deepwater exploration the impact of the discovered reserves on the worldwide existing resources is limited. The probabiltiy to find future oil