Angola deepwater blocks

Block 15

ExxonMobil has a 40-percent interest in Block 15 which has recoverable resource potential of approximately 4 billion gross oil-equivalent barrels. More than 2 billion barrels have been produced since 2003. Block 15 was Angola’s second-highest-producing block in 2016, and facilities continue to operate with very high levels of reliability. Drilling continued with two rigs in 2016.

Block 15 development is focused on the Kizomba Satellites Phase 2 project, which includes subsea tiebacks to the Kizomba B and Mondo floating production, storage, and offloading (FPSO) vessels. The Phase 2 project is expected to recover approximately 190 million barrels of oil. Development drilling began in 2014, and production started ahead of schedule in 2015. Drilling is ongoing and wells will continue to be brought online into 2017. Through collaborative development efforts with our partners and major contractors, we continue to utilize the local workforce to enhance Angolan economic development and competitiveness.

Block 17

ExxonMobil has a 20-percent interest in Block 17. Through year-end 2016, 15 discoveries have been made on the block with a gross recoverable resource potential of approximately 5 billion oil-equivalent barrels.

Block 32

Project and development drilling activity has started on Block 32 where ExxonMobil has a 15-percent interest. To date, 13 discoveries have been announced with a total resource exceeding 1 billion oil-equivalent barrels. The first development planned for Block 32 is the Kaombo Split Hub project in the southeastern section of the block, which will use two FPSO vessels to produce about 600 million barrels of oil over the project’s life. A final investment decision was made in 2014, and construction, drilling, and offshore installation activities are progressing. Start-up is anticipated in 2018. Development concept studies continue for the remaining discovered resources on the block.

With a workforce of more than 750, Angolanization is a priority. Since the beginning of business operations in 1994, Esso Angola has been committed to promoting national content to support the company’s operations and contributing to the economic and social development of Angola. The company believes that national content can add positive results to the business, workforce, suppliers and contractors by supporting economic growth and improving quality of life. The national workforce in Angola represents nearly 78 percent of the total number of workers.

The company’s principal office is located at Torres Atlântico in the capital city of Luanda; additional employees are stationed in the city of Soyo.

Exxon Mobil Corporation has numerous affiliates, with many names that include ExxonMobil, Exxon, Mobil, Esso and XTO. For convenience and simplicity those terms and terms such as Corporation, company, our, we and its are sometimes used as abbreviated references to specific affiliates or affiliate groups.