Exxon 2007 Annual Report Download - page 23

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ExxonMobil continues to deliver superior returns from
Upstream projects through disciplined investment and
industry-leading project execution.
As project scale and complexity increase across the industry,
the challenge to bring new energy supplies to market
on budget and on schedule grows. Through our ability
to deliver superior project execution results, ExxonMobil
consistently meets these new challenges and maximizes
value to resource owners and to our shareholders.
Superior project execution begins with selecting the design
and operating concept that will be robust through a range
of uncertainties and will deliver maximum value over the life
of the asset. It requires a commitment to and investment in
technology to develop innovative solutions that lower costs
and increase reliability. At ExxonMobil, we spend a great
deal of time on execution planning, or the “how to” regarding
development of major projects. These essentials are further
enhanced by the experience of our project management
professionals and our functional organization that facilitates
the swift transfer of lessons learned and best practices
around the world.
The combination of our global processes, proprietary
technology, and project management experience results in
industry-leading project performance.
Invest in Projects That
Deliver Superior Returns
(percent, oil-equivalent barrels)
Resources in Projects by Project Type
Deepwater
Heavy Oil/
Oil Sands
Arctic
Conventional
Acid/Sour Gas
LNG
Tight Gas
(percent, oil-equivalent barrels)
Resources in Projects by Geographic Region
Americas
Europe
Africa
Asia Pacific
Middle East
Russia/Caspian
Diverse Project Portfolio
In Nigeria, a new offshore platform is installed at the East Area NGL II
project in late 2007. The new facilities will extract natural gas liquids
and export them to the onshore Bonny River terminal.
ExxonMobil has a geographically diverse portfolio of about
120 projects that are expected to develop over 24 billion
oil-equivalent barrels (net). Many of these developments are
located in challenging environments and include deepwater,
heavy oil/oil sands, tight gas, arctic, liquefied natural gas
(LNG), and acid/sour gas projects. This large, diverse
portfolio provides ExxonMobil the ability to selectively fund
those projects that will be robust over a wide range of
economic conditions.
E X X O N M O B I L C O R P O R A T I O N • 2 0 0 7 S U M M A R Y A N N U A L R E P O R T 21