ExxonMobil Participates in Production Startup of Gulf of Mexico Llano Field

May 17, 2004 at 10:06 AM EDT

IRVING, Texas--(BUSINESS WIRE)--May 17, 2004--Exxon Mobil Corporation (NYSE:XOM) announced today the startup of production from the Llano field, approximately 200 miles southwest of New Orleans in the Gulf of Mexico. In addition to ExxonMobil with 22.5 percent equity, interest owners include Shell (operator at 27.5 percent) and Amerada Hess (50 percent).

Production at the field, located in Garden Banks blocks 385 and 386 in 2,600 feet of water, is currently flowing at an approximate gross rate of 10,500 barrels of oil and 26 million cubic feet of gas per day from one well. Production began on April 30, and is producing through an 11.5-mile flowline to the Shell Auger platform. Dedicated processing capacity at Auger for Llano is 25,000 barrels of oil and 75 million cubic feet of gas per day. The second of two initial wells is planned to be on production later in May.

With interests in more than 40 producing Gulf of Mexico fields, development projects under way, participation in high-potential discoveries and a strong inventory of prospects, ExxonMobil is well positioned for future growth. The company also owns interests in approximately 600 deepwater exploration blocks throughout the Gulf encompassing more than 3.4 million gross and 2.8 million net acres.

CAUTIONARY STATEMENT: Expectations and business plans in this release are forward-looking statements. Actual future results, including project plans and schedules, could differ materially due to changes in market conditions affecting the oil and gas industry, technical or operating factors, and other factors discussed under the heading "Factors Affecting Future Results" included in Item 1 of ExxonMobil's most recent Form 10-K and posted on our website (www.exxonmobil.com).


    CONTACT: ExxonMobil
             Bob Davis, 713-656-7544

    SOURCE: Exxon Mobil Corporation
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