ExxonMobil Acquires Exploration Acreage in Three Mauritania Offshore Blocks

IRVING, Texas–(BUSINESS WIRE)–ExxonMobil
today announced that its wholly owned affiliate, ExxonMobil Exploration
and Production Mauritania Deepwater Ltd., has signed production sharing
contracts with the government of Mauritania for three deepwater offshore
blocks.

“These blocks further enhance ExxonMobil’s leading global deepwater
acreage position,” said Steve Greenlee, president of ExxonMobil
Exploration Company. “We thank the government of Mauritania for the
opportunity to evaluate the potential of this acreage using our
expertise and advanced technology.”

Blocks C22, C17 and C14 are located an average of 124 miles, or 200
kilometers, offshore Mauritania. Together they measure nearly 8.4
million acres in water depths ranging from 3,300 feet to 11,500 feet, or
1,000 meters to more than 3,500 meters.

Following government approval of the contracts, ExxonMobil will begin
exploration activities, including acquisition of seismic data and
analysis.

ExxonMobil will carry out the work program as operator with 90 percent
interest. Societe Mauritanienne des Hydrocarbures et de Patrimoine
Minier holds a 10 percent interest.

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Cautionary Statement: Statements of future events or conditions in this
release are forward-looking statements. Actual future results, including
project plans and schedules could differ materially due to changes in
market conditions affecting the oil and gas industry or long-term oil
and gas price levels; political or regulatory developments; reservoir
performance; the outcome of future exploration efforts; technical or
operating factors; the outcome of future commercial negotiations; and
other factors discussed under the heading “Factors Affecting Future
Results” available through the Investors page of our website at
exxonmobil.com.

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