ExxonMobil exploration strategy to pursue all quality opportunities

ExxonMobil Corp. believes that the world, having produced about 1 trillion bbl of oil, has more than 15 trillion boe remaining, the company’s top exploration official said.ExxonMobil is focused on adding resources through wildcat drilling and by obtaining access to resources already discovered and which are undeveloped or only partly developed, said Tim Cejka, president, ExxonMobil Exploration Co., Houston.The company is assessing more than 700 exploration leads in its captured inventory of new opportunities and has screened more than 3,000 discovered/undeveloped opportunities, Cejka told a Lehman Brothers CEO Energy/Power Conference in September 2005.ExxonMobil, with a remarkable r...

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