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Portfolio of promise
ExxonMobil Exploration Company is charged with finding and adding new oil and gas resources to replace those produced and to enable future production growth. With activities in more than 40 countries and a leadership position in all of the world’s key exploration areas, ExxonMobil Exploration and affiliates have the industry’s strongest exploration portfolio.
That portfolio includes more than 61 million net undeveloped acres and an industry-leading total resource base of 72 billion oil-equivalent barrels, which includes proved reserves of 22 billion oil-equivalent barrels — also the largest in the industry. Total resources include proved reserves and other quantities of oil and gas that will likely be produced in the future.
Yearly resource additions since 2000 have exceeded 2 billion oil-equivalent barrels, more than replacing produced volumes, at costs well under a dollar a barrel. These additions have been in all of the major accessible plays worldwide, including West Africa, the Caspian, the Gulf of Mexico, the Middle East and Australia.
To achieve these results, we rely on a global, functional approach to put talented people, superior technology and appropriate capital investments in the right areas at the right times.
And regardless of where in the world the right places may be, ExxonMobil Exploration experts, working with systems designed and supported by ExxonMobil Upstream Technical Computing Company, can tap into worldwide databases and interpretation systems to make projects efficient and productive.
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Development experts
ExxonMobil Development Company is responsible for planning and executing all major oil and gas development projects for Exxon Mobil Corporation.
From deepwater fields in West Africa to heavy oil deposits in Venezuela to liquefied natural gas in Qatar, ExxonMobil Development stewards a portfolio that is robust, balanced and diverse.
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Working alone and with others, we have more than 100 major new oil and gas development projects under way throughout the world representing a total investment exceeding $50 billion. Numerous additional opportunities are also being evaluated for future development.
 The functional approach to executing this unparalleled level of development activity helps us engage the best people and technologies at the right times and provides for maximum synergy throughout our global activities. In our deepwater development, this approach has resulted in several breakthroughs, such as our Early Production System which has enabled the rapid, lower-cost commercialization of deepwater resources.
In addition to planning and executing all major development projects, ExxonMobil Development provides exploration and development drilling services worldwide.
Whether those groups use land rigs, offshore platform rigs, jack-up rigs, semi-submersible rigs or deepwater drill ships, they employ cutting-edge technology to reach oil and gas that might otherwise be too difficult or costly to produce.
It is no small measure of the workforce’s skill and dedication that these tasks are accomplished safely in extremely challenging settings and with respect for environmentally sensitive areas.
In a business where wells are often drilled in waters nearly a mile deep and where producing zones can be 20,000 feet or more underground, with temperatures reaching 450° F, ExxonMobil has demonstrated both the experience and expertise to develop oil and gas resources wherever they are found.
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Boundless energy
As steward of the industry’s largest and most profitable portfolio of producing oil and gas operations, ExxonMobil knows no geographic limits.
 From frigid arctic ice to sweltering desert sands, ExxonMobil Production Company and affiliates combine technical excellence and professional expertise to safely and economically obtain maximum recovery with the minimum impact on the environment.
Each day we produce about 2.5 million barrels of liquids and over 10 billion cubic feet of gas worldwide from some 1,800 fields in 25 countries. This oil and gas production involves more than 60,000 productive wells from 8,300 reservoirs and almost 600 production platforms.
Our worldwide operations rely on accurate geologic predictions to precisely characterize the subsurface. We also apply sophisticated reservoir modeling and simulation to maximize reservoir performance. And we employ the most-advanced drilling, facilities and process engineering to efficiently produce and process oil and gas.
Key to continued world-class performance are the best practices that reduce costs and increase efficiency for every well, field and platform in our vast portfolio.
ExxonMobil's unique functional organization supports worldwide application of these best practices. This is true whether an operation involves steam recovery of heavy oil or water-and-miscible-gas injection to bring hydrocarbons to the surface.
Of course, best practices are also safe practices, and our global scope focuses on leading the industry in this area. Around the world, ExxonMobil shares its best practices for safety and environmental excellence, leading to opportunities for continuous improvement.
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Shaping the world to come
ExxonMobil maintains a worldwide functional organization to market gas and power and to commercialize its industry-leading portfolio of resources.
ExxonMobil Gas & Power Marketing Company is the world’s largest non-government marketer of equity natural gas, with sales exceeding 10 billion cubic feet a day.
In addition to proved gas reserves of nearly 56 trillion cubic feet, we oversee net discovered gas resources of nearly 185 trillion cubic feet.
Marketing offices sell natural gas, liquefied natural gas (LNG) and related products in more than 25 countries across five continents — an unprecedented global presence that provides significant breadth and flexibility.
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Gas marketing and commercialization are poised for exciting developments in coming years, and ExxonMobil is helping to shape that future.
One important area of concentration is developing commercial markets for remote gas. For example, we participate in joint ventures to manufacture and transport LNG from Qatar to customers in Asia and Europe. These ventures have a combined gross capacity of 20 million metric tons a year — nearly 20 percent of global industry capacity.
ExxonMobil is uniquely positioned to advance and benefit from new LNG and other gas-commercialization technology. New technologies developed by our research labs are effectively deployed in gas projects worldwide.
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For example, technology designed to increase the efficiency of gas liquefaction, transportation and regasification has enabled us to improve the competitiveness of production from the giant North Field in Qatar — estimated to contain more than 900 trillion cubic feet of recoverable natural gas. Also, the development of larger trains for liquefying the gas, as well as larger and more-efficient LNG ship designs, have resulted in a dramatic reduction in unit costs and have opened markets to us.
 Meanwhile, ExxonMobil is positioned to meet the demand of existing markets — demand that is growing and will continue to grow.
A worldwide market orientation focused on creating the best value for current gas production, coupled with a long history of excellence and leadership in gas commercialization, make us the preferred supplier in major regions where demand is rising.
That same history and market orientation will help the company maintain its pacesetter performance as it continues to establish markets and applications for the world’s natural gas.
In 2002, the power segment of ExxonMobil’s business was combined with gas marketing to take further advantage of synergies between the businesses.
We have significant holdings in the electric power business, with interests in nearly 13,000 megawatts of generation capacity.
Our electric power-generation activities are centered in Hong Kong, where we have majority interests in three power stations. We also have access to plant capacity in Guandong Province, China.
Another portion of our power capacity lies in cogeneration capabilities at refineries, chemical plants and production operations. Cogeneration involves making steam and electricity at the same time — an efficiency that saves energy and reduces emissions while creating power.
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Scientists of the earth
ExxonMobil Upstream Research Company is charged with developing an industry-leading array of proprietary technology that supports ExxonMobil’s continued leadership in exploration, development, production and gas commercialization.
Through the expertise of Upstream Research, ExxonMobil maintains a unique capability to solve technical challenges “on the run” that keeps new developments moving forward and current production on stream.
Our research is aimed at developing breakthrough technologies that will generate a meaningful competitive advantage.
We also target improvement of existing technologies to strengthen capabilities and reduce costs. For example, geoscientists continue to refine 3-D seismic imaging of potential oil- and gas-bearing structures inside the earth. ExxonMobil invented this technology, which significantly boosts prospect generation, drilling success and field recovery and lowers finding costs.
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Our researchers continue to explore ways to drill for and produce oil and gas in waters more than a mile deep and to even greater depths under more-extreme drilling conditions. Also, our more than 25 years of arctic experience supports profitable development of resources in remote areas such as offshore Sakhalin Island in Russia and the Caspian Sea.
In addition, our next-generation gas-delivery technology is expected to dramatically lower the cost of transporting the world’s remote accumulations of natural gas to markets through the use of proprietary high-strength steel developed in our labs and new LNG-tanker designs.
We also have state-of-the-art technology to mathematically simulate the recovery of oil and gas from underground reservoirs under a variety of development and operating conditions. This leads to recovery plans that improve oil and gas value.
Breakthrough technologies being developed include methods for remote hydrocarbon detection, improved recovery of heavy oil and commercial recovery of previously uneconomic tight-gas reserves.
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Getting these innovations out of the lab and into the field is critical. To help do this, the company annually provides some 200 technical courses in-house. And, starting in mid-2004, technical training will be enhanced with the new state-of-the-art Upstream Training Center in Houston, Texas.
In addition, ExxonMobil Upstream Technical Computing Company puts our leading-edge technologies and know-how at the fingertips of the upstream technical workforce worldwide. It supports the computer hardware, operating systems, local area networks and wide-band telecommunications links that are critical to smooth operations in a global company.
Through Upstream Research, resources become more accessible at lower cost and commercialization opportunities expand. |
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