ExxonMobil Corp. plans to start up 16 major oil and gas projects during the next three years, Rex Tillerson, chairman and CEO, said in a March 4 statement. The company is on track to increase daily production to 4.3 million barrels of oil equivalent (boe) by 2017.
During 2015, the company expects to increase production volumes 2% to 4.1 million boe per day, driven by 7% liquids growth. The increase is supported by the ramp-up of several projects completed in 2014, as well as 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.
During 2016 and 2017, production ramp-up is expected from several projects including Gorgon Jansz in Australia, Hebron in eastern Canada and expansions of Upper Zakum in United Arab Emirates and Odoptu in Far East Russia.
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