June 2015 SPE New Upstream Players ExxonMobil Exploration Argentina Daniel De Nigris, Lead Country Manager Ricardo Livieres, Gerente de Operaciones This presentation includes forward-looking statements. Actual future conditions (including economic conditions, energy demand, and energy supply) could differ materially due to changes in technology, the development of new supply sources, political events, demographic changes, and other factors discussed herein (and in Item 1A of ExxonMobil s latest report on Form 10-K or information set forth under "factors affecting future results" on the "investors" page of our website at www.exxonmobil.com). This material is not to be reproduced without the permission of Exxon Mobil Corporation.
Agenda Introduction ExxonMobil: Who We Are; What We Do Upstream Ventures, Exploration Unconventional Opportunities Transition to XTO Community Engagement Summary
This is ExxonMobil Who we are What we do
ExxonMobil has a more than 130-year history This is ExxonMobil 4
An industry leader in core businesses Three main businesses Upstream Downstream Chemical Presence on six continents and in 47 countries More than 77,000 employees This is ExxonMobil 5
Industry- Leading Technologies
Advanced seismic imaging technology Cutting-edge seismic technology platform and high performance computers establish us as an industryleader in subsurface imaging. This is ExxonMobil 7
Industry leader in extended reach drilling technology ExxonMobil is using extended reach drilling in Russia to reduce environmental impacts and the need for offshore structures. We have drilled 26 of the 30 longest-reach wells in the world, the longest exceeding 7.7 miles. This is ExxonMobil 8
New Opportunity Growth Large portfolio of quality opportunities enables selectivity Beaufort Horn River Summit Creek Athabasca Montney Bakken Utica Marcellus Woodford Permian Basin Haynesville Gulf of Mexico Laptev Sea Kara Sea Faroe Islands Norway Germany West Siberia Ukraine Romania Russian Black Sea Kurdistan Region of Iraq China Chukchi Sea Colombia Play Type Deepwater / Conventional Arctic Unconventional Guyana Nigeria Liberia Brazil Gabon Angola Argentina Tanzania Madagascar South Africa Vietnam Australia PNG 9
Global Unconventional Advancing potential world-class unconventional plays XTO involvement in all major US unconventional plays Canada expanding portfolio High-quality Clyden heavy oil leases Celtic acquisition delineating liquid rich plays Near term production Colombia commencing operations Promising La Luna liquids potential Argentina Defined high-potential Vaca Muerta oil and gas shale plays Testing under way Evaluating next phases 10
Latin America Energy Trends Population Billion GDP Trillion 2010$ Energy Demand Quadrillion BTUs
Latin America Energy Demand by Country By Country Quadrillion BTUs By Fuel Quadrillion BTUs Rest of Latin America Chile Venezuela Argentina Other Renewables Biomass Nuclear Coal Gas Brazil Oil
Neuquen Basin Vaca Muerta Shale. The Late Jurassic to Early Cretaceous Formation is considered the primary source rocks for conventional oil production in the Neuquen Basin 13
Drilling, Completion and Testing Activities ADA X-1 (API) LaI X-3 and LaI X-4 LT III El Trapial Los Toldos II LTE X-1 (API) Aguada del Puestero LT IV LdMo.X-2 (YPF) LdMo.X-1 (YPF) Loma de Molle Cerro la Minas Los Toldos I La Invernada La Escalonada Bajo del Choique Aguada del Chivato Bajo del Toro Aguila Mora El Mollar ALL X-1 (API) PNE.x-1004 (Petrobras) Parva Negra (Pending) Pampa de las Yeguas Rincon la Ceniza BdCh X-2 (EMOP) SCh-97 (Petrobras) Sierra Chata El Orejano PdY X-1 (YPF) PdY X-2(h) (YPF) SCh-99 (Petrobras) EMWI Wells by March, 2015 OBO EMOP Planned OBO/EMOP Traded Loma La Lata Area 14
Multidisciplinary Group Experience and Technical Expertise EMEC New Opportunities Team International Unconventional Drilling Team Neuquén-based Drilling (Rotators) URC XTO ExxonMobil Production Expert Advisors EMEC Americas Operation Group (Houston) Venture Office Buenos Aires Venture Office Neuquén Gas & Power Marketing Contractors (Land man, Environment al consultants) Business Support Center BA(Procurement, Controllers, HR, Tax, Law, Security, IT, Treasurers) Reservoir Engineering Development Planning Technical Operations GAPS Commercial USG Law Business Analysis Environmental & Regulatory Houston-based functions that provide support Controllers Land P&GA HR Treasurers 15
Buenos Aires BSC ExxonMobil Business Support Center Argentina Established in 2004 Over 150 former Esso Petrolera employees now in the BSC Serves ~40 countries across the Americas and EAME Two buildings offering 1900 seats BA BSC Growth by Function 1800 1600 1333 1454 1554 1603 1400 1200 965 1095 1000 800 600 400 200 111 264 465 622 813 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Controllers GHRS Procurement EMIT Tax GREF Others R&S Contract admin 16
XTO s Evolution 17
XTO s Unconventional Plays Presence in all major US unconventional plays Eight divisions with central-global support 18
XTO s Expertise 19
U.S. Production 20
Community Engagement Programs Culture and Environment Education Health Safety Dino Project Math & Science/ Reading Programs Fundacion Cruzada Patagonica Clinic and Hospital Donation of Safety Equipments 21
Summary More than 100 years of activity in Argentina, increasing upstream operations. Utilizing all of the technical expertise and experience from global resources, including BSC, to evaluate exploration potential Currently in long term testing and production and evaluating next phases leveraging XTO unconventional expertise Community engagement with emphasis on health and education 22
Thank you