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Upstream: Capital-Efficient Resource Developments
ExxonMobil continues to add higher-value production
capacity through major project start-ups. Our selective
and paced investment approach, coupled with superior
project execution capabilities, delivers capital-efficient
resource developments on time and on budget better
than peers. Offshore West Africa, recent deepwater
start-ups utilize existing facilities to maximize the
value of installed capacity and contribute to leading
financial performance.
Strategically Investing in
Deepwater Opportunities
Drawing from ExxonMobil’s extensive experience with
deepwater project design, construction, and operations,
we delivered another set of capital-efficient developments
in 2015 – Kizomba Satellites Phase 2 in Angola and Erha North Phase 2 in Nigeria. These projects started up months early
and below budget, adding higher-value production capacity to our portfolio.
Structured project management systems facilitate efficient resource development and promote safe, reliable, on-time,
on-budget start-ups. These systems include an integrated planning and concept selection process, such as our “design one,
build multiple” approach. We consistently apply the same equipment designs, execution strategies, and contractors from
one development to the next, lowering costs and construction times. We also incorporate lessons learned from previous
developments to enhance future project design and execution.
Angola: Block 15
ExxonMobil has operated Block 15 offshore Angola for more than 20 years. In that time, we have produced more than
1.8 billion gross oil-equivalent barrels from approximately 5 billion barrels of discovered resource. We have started up seven
major projects on Block 15, from Xikomba in 2003 to Kizomba Satellites Phase 2 in 2015.
A phased development strategy has proved fundamental to our success on Block 15. Initial projects established central
hubs, allowing us to gather information from early developments and grow the capabilities of local suppliers. We fully
incorporated those learnings into the design and construction of later projects, consistently reducing capital costs and
construction times.
Kizomba Satellites Phase 2 subsea equipment was installed
in 2,200 to 4,000 feet of water.
Highlight: Developing a World-Class Resource
We have produced 1.8 billion oil-equivalent barrels from Angola’s Block 15 since 2003, driven by seven major project start-ups.
2.0
1.5
1.0
0.5
0
(billions of oil-equivalent barrels, gross)
Cumulative Block 15 Production
2003 2004 20062005 2007 2008 2009 2010 2011 201520142012 2013
Xikomba
Kizomba A
Kizomba B
Saxi-Batuque
Kizomba Satellites
Phase 1
Kizomba Satellites
Phase 2
Mondo
Eric Whetstone • Whetstone Design 
EDITOR
Clark Fertitta • Investor Relations
Exxon Mobil Corporation, Irving, TX
Carol Zuber-Mallison • ZM Graphics, Inc.
studio/cell: 214-906-4162 • fax: 817-924-7784
ATTENTION: OWNER VERSION
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14 ExxonMobil 2015 Summary Annual Report