Papua New Guinea, Production and Sale

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Papua New Guinea

Production

Sale

ExxonMobil evaluating significant near-term capital and operating expense reductions; COVID-19

Green Car Congress

MARCH 17, 2020

ExxonMobil and its partners started production of oil at the Liza field in December 2019, less than five years after the first discovery of hydrocarbons and years ahead of industry average. Production in Guyana is expected to reach more than 750,000 gross barrels of oil per day by 2025.

Papua New Guinea

Papua New Guinea Guyana Guinea Mozambique

ExxonMobil adds 2.7B barrels oil equivalent to reserves; replaces 183% of 2017 production

Green Car Congress

FEBRUARY 9, 2018

billion oil-equivalent barrels of proved oil and gas reserves in 2017, replacing 183% of production. ExxonMobil’s reserves life at current production rates is 14 years. Production from Liza Phase 1 is expected to begin by 2020, less than five years after discovery. Exxon Mobil Corporation added 2.7 Resource Base.

2017

2017 Papua New Guinea Oil Guyana

EV Driven

ExxonMobil evaluating significant near-term capital and operating expense reductions; COVID-19

ExxonMobil adds 2.7B barrels oil equivalent to reserves; replaces 183% of 2017 production

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