ExxonMobil to Progress North Sea Project.Business Editors IRVING, Texas--(BUSINESS WIRE)--July 12, 2000 Exxon Mobil Corporation Exxon Mobil Corporation U.S.-based oil and gas company formed in 1999 through the merger of Exxon Corp. and Mobil Corp. It has investments and operations in petroleum and natural gas, coal, nuclear fuels, chemicals, and ores. (NYSE NYSE See: New York Stock Exchange :XOM) announced today that the United Kingdom's Department of Trade and Industry The Department of Trade and Industry was a United Kingdom government department which was disbanded with the announcement of the creation of the Department for Business, Enterprise and Regulatory Reform on 28 June 2007[1]. (DTI Diffusion tensor imaging (DTI) A refinement of magnetic resonance imaging that allows the doctor to measure the flow of water and track the pathways of white matter in the brain. ) has given consent to proceed with a $400 million gas development project in the Skene skene In ancient Greek theatre, a building behind the playing area that was originally a hut in which actors changed masks and costumes. It eventually became the scenic backdrop for the drama. First used c. field in the Northern North Sea. An ExxonMobil subsidiary, Mobil North Sea Limited (MNSL), will operate the field, which is expected to produce up to 180 million cubic feet of gas per day plus 25,000 barrels per day Barrels per day (abbreviated BPD, bbl/d, bpd, bd or b/d) is a measurement used to describe the amount of crude oil (measured in barrels) produced or consumed by an entity in one day. of associated liquids when production begins by early 2002. ExxonMobil estimates recoverable resources from the Skene field at 95 million oil-equivalent barrels. The field will be developed using a subsea manifold, which will be tied back by bundled pipeline to MNSL's existing Beryl Alpha platform approximately nine miles away. Gas will be exported from Beryl through the Scottish Area Gas Evacuation (SAGE) pipeline to the Mobil-operated gas processing plant at St. Fergus, Scotland. The oil and condensate will be combined with Beryl crude and exported by tanker to a number of oil terminals onshore. "This development is an example of MNSL's continuing strategy of cost effectively adding to production through optimum use of core assets, in this case the Beryl infrastructure," said Steve Docherty, production manager for Mobil North Sea Limited. "The Beryl field, a mature area, continues to produce good results well into its third decade of production." ExxonMobil has an interest in more than 90 producing fields in the United Kingdom and Norway sectors of the North Sea, which accounted for 22 percent of the company's 1999 net oil and gas volumes. The Skene field partnership comprises Mobil North Sea Limited 38.22 percent, Kerr McGee 33.33 percent, Enterprise Oil plc 15.89 percent, Amerada Hess 9.07 percent and OMV (UK) Ltd 3.49 percent. |
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