Growing Upstream Value Spotlight on Guyana Hunter Farris Senior Vice President Deepwater ExxonMobil Upstream Oil & Gas Company November 21, 2019
BACKGROUND GUYANA Culturally diverse, coastal nation Guyana: Land of Many Waters Area: 215,000 km2; 80% covered by…
UPSTREAM GUYANA An unprecedented deepwater development Gross recoverable resource estimated 6+ Boeb Resource potential across multiple plays Liza Phase 1 start-up targeting December Fourth drilling rig in country Q4 2019…
UPSTREAM GUYANA Leveraged proprietary technology and seismic interpretation to identify resource potential 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019+ 3rd party dry holes STABROEK Keys to success Early acreage…
UPSTREAM GUYANA Aggressively pursued a unique hypothesis Liza 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019+ STABROEK Keys to success Drilled Liza-1 to test subsurface model despite Atlantic Ocean unsuccessful…
UPSTREAM GUYANA Aggressively pursued a unique hypothesis Liza 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019+ 17k km2 3D Seismic STABROEK Keys to success Drilled Liza-1 to test subsurface model despite Atlantic Ocean…
UPSTREAM GUYANA Balancing exploration and development optimization to maximize value 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019+ Explore Delineation drilling Develop STABROEK Keys to Success Atlantic Maintaining…
UPSTREAM GUYANA Balancing exploration and development optimization to maximize value 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019+ Explore Delineation drilling Develop STABROEK Resource Evolution Atlantic 2017:…
UPSTREAM GUYANA Balancing exploration and development optimization to maximize value 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019+ Explore Delineation drilling Develop STABROEK Resource Evolution Ranger Atlantic 2017:…
UPSTREAM GUYANA Balancing exploration and development optimization to maximize value 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019+ Explore Delineation drilling Develop STABROEK Resource Evolution Atlantic 2017:…
UPSTREAM GUYANA Balancing exploration and development optimization to maximize value Noble Tom Noble Bob Stena Noble Don Madden Douglas Carron Taylor Short-term Uaru-1 Liza Phase 1 Ranger-2; Mako-1; drilling outlook Hassa-1…
UPSTREAM GUYANA Leveraging ExxonMobils competitive advantages Liza Phase 1 discovery to first oil in less than 5 years Applying industry-leading technology and digital solutions Embedding one team culture with stakeholders,…
UPSTREAM GUYANA GLOBAL SUPPLY CHAIN Umbilicals Subsea Structures FPSO Flowlines Trees Best-in-class global development capability, underpinned by contracting strategy and supply chain integration. 15
UPSTREAM GUYANA Development plan on schedule PRODUCTION POTENTIAL1 Kbd gross 800 Future Developments Payara 400 Liza Phase 2 Unity Hull (Shanghai) Liza Ph 2 Liza Phase 2 (220 Kbd) Reached final investment decision…
UPSTREAM GUYANA Development plan on schedule PRODUCTION POTENTIAL1 Kbd gross 800 Future Developments Payara 400 Liza Ph 2 Illustration of potential Prosperity FPSO Payara (220 Kbd) Liza Ph 1 0 Early engineering…
UPSTREAM GUYANA Building a workforce and industry ExxonMobil supports the social and economic progress of Guyana More than 1,300 Guyanese have worked on project activities1 Over 120,000 hours of training for ExxonMobil Guyana…
UPSTREAM GUYANA Sustainably enhancing lives ExxonMobil builds relationships that benefit communities and the company for the long-term. Community projects in 2018-2019 (2.75M) STEM education & vocational training Volunteer Youth…
UPSTREAM BRAZIL Leveraging deepwater and project management expertise NET ACREAGE Million acres SEAL-351 3 SEAL-428 SEAL-430 SEAL-501 SEAL-503 SEAL-573 Sergipe Basin 0 BRAZIL XOM RDS BP TOT EQNR CVX Source: Wood…