Exxon 2008 Annual Report Download - page 25

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Other Projects Progressing
Qatargas฀II฀Trains฀4฀and฀5฀•฀
Qatargas II Train 4 is expected
to start up in early 2009 as the largest LNG train in the world
with an annual capacity of 7.8 million tons. Construction
continues on Qatargas II Train 5, which also will have an
annual capacity of 7.8 million tons. Start-up is expected
in 2009. Shipments are planned primarily to the U.K. gas
market through the South Hook LNG regasification terminal,
which is expected to receive its first cargo in early 2009.
RasGas฀Trains฀6฀and฀7฀•฀
Two 7.8-million-tons-per-year
LNG trains owned by Ras Laffan Liquefied Natural Gas
Company (3), a joint venture between Qatar Petroleum and
ExxonMobil, are under construction with start-up planned
in 2009. Train 6 is planned to supply the U.S. market,
while Train 7 is expected to primarily supply Asia and other
markets worldwide.
Adriatic฀LNG฀Terminal฀•฀
The Adriatic LNG terminal, installed
at its final destination offshore Porto Levante, Italy, in
September 2008, is the world’s first fixed offshore LNG
storage and regasification terminal. The terminal is capable
of delivering up to 775 million cubic feet of gas per day to
Construction is nearly complete on the 7.8-million-tons-per-year
RasGas liquefied natural gas (LNG) Trains 6 and 7 in Qatar.
the Italian market. Commissioning activities are progressing,
with start-up scheduled in 2009.
Kearl฀Oil฀Sands฀•฀
The Kearl Oil Sands project is expected
to develop a world-class resource in northern Alberta
exceeding 4 billion barrels. The planned three-phase
development will be an open-pit mining operation with the
first phase producing approximately 110 thousand barrels
of bitumen per day (gross). Detailed design, equipment
procurement, and initial site preparation activities have
begun for the first phase.
Papua฀New฀Guinea฀(PNG)฀LNG฀•฀
The Gas Agreement for the
PNG LNG project was signed in 2008 by the State of Papua
New Guinea and the project’s joint venture participants.
After achieving this milestone, the project began front-end
engineering and design. The project is planned to develop
the Hides, Angore, and Juha fields to supply feed gas for
a 6.3-million-tons-per-year LNG facility located 12 miles
northwest of Port Moresby.
Gorgon฀Jansz฀•฀
Engineering and execution planning
continued to progress during 2008 for the Gorgon Jansz
LNG project, offshore Western Australia. The project
includes parallel development of the Gorgon and deepwater
Jansz gas fields, and installation of a 15-million-tons-per-year
LNG facility on Barrow Island.
Banyu฀Urip฀•฀
The Banyu Urip development in the Cepu
Contract Area onshore Java is planned to have 49 wells, an
onshore central processing facility, and a 60-mile pipeline
to transport the processed oil to a floating storage and
offloading vessel. The full development is expected to
produce 165 thousand barrels of oil per day (gross). Land
acquisition and major contract tendering activities are under
way for the full project. The project includes an early oil
phase with capacity to produce up to 20 thousand barrels
of oil per day (gross).
The South Hook LNG regasification terminal will have the capacity
to supply up to 2 billion cubic feet of gas per day into the U.K. natural
gas grid.
E X X O N ฀ M O B I L ฀ C O R P O R A T I O N ฀ •฀ 2 0 0 8 ฀ S U M M A R Y ฀ A N N U A L ฀ R E P O R T 23