Exxon 2008 Annual Report Download - page 20

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Upstream
The Adriatic LNG terminal, the world’s first offshore liquefied natural gas (LNG) terminal, left its construction site in Algeciras, Spain,
on August 30, 2008, for the 1700 nautical mile trip to its final destination, offshore Porto Levante, Italy. The terminal is now on station undergoing
commissioning and will have the capacity to supply 10 percent of Italy’s natural gas market.
Exploration, Development, Production, and Gas & Power Marketing
UPSTREAM STRATEGIES
ExxonMobil’s fundamental Upstream strategies guide our global exploration, development, production, and gas and
power marketing activities:
•
Identify and pursue all attractive exploration opportunities
•
Invest in projects that deliver superior returns
•
Maximize profitability of existing oil and gas production
•
Capitalize on growing natural gas and power markets
These strategies are underpinned by a relentless focus on operational excellence, commitment to innovative
technologies, development of our employees, and investment in the communities in which we operate. ExxonMobil’s
ability to integrate and execute these strategies consistently delivers superior long-term value.
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