NEW YORK (Yosefardi) – Exxon Mobil Corporation expects to start up 16 major oil and natural gas projects during the next three years and is on track to increase daily production to 4.3 million oil-equivalent barrels by 2017.
Rex W. Tillerson, chairman and chief executive officer for Exxon Mobil, said the company remain committed to its investment discipline.
In 2015, ExxonMobil expects to increase production volumes 2% to 4.1 million oil-equivalent barrels per day, driven by 7% liquids growth.
The volume increase is supported by the ramp up of several projects completed in 2014 and the expected startup of seven new major developments in 2015, including Hadrian South in the Gulf of Mexico, expansion of the Kearl project in Canada, Banyu Urip in Indonesia and deepwater expansion projects at Erha in Nigeria and Kizomba in Angola.