Exxon market share
While smaller in production capacity than the newly built Kizomba A and B FPSOs, each has internal storage capacity of about 2 million barrels of oil.
The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas and the manufacture, transportation and sale of petroleum products. The company holds exploration and production acreage in 38 countries and conducts production operations in 23 countries around the world. It had daily production of 3.
ExxonMobil's operations in Africa accounted for about 17 percent of the company's net oil and gas production and 18 percent of upstream earnings. Production potential will reach 2. Total peak production capacity in Block 15 is about , barrels per day. Angola's production is 1. ExxonMobil estimates that its part of Block 15 contains 4. The market share for Exxonmobil was ExxonMobil is committed to the pursuit of operational excellence through improving energy efficiency and maintaining strong business controls.
The company believes that maximizing the value of resource through disciplined investments, developing breakthrough technologies, improving processes, and integrated operations-generates the most benefit for resource owners, society, and shareholders. It also strives to promote the development of employees and the communities in which it operates. We operate our facilities using proven management systems to achieve operational excellence. As a result, we consistently generate more income from a highly efficient capital base, as demonstrated by our superior return on average capital employed.
We deliver industry-leading financial and operating results that grow long-term shareholders value. ExxonMobil has a long-standing commitment to fundamental research to develop and grow our technical capabilities and to deliver advantaged technologies for all of our businesses. Our global functional organization enables rapid deployment of new technologies to ensure early value capture.
Our financial strength is a competitive advantage and gives us the flexibility to pursue and finance attractive investment opportunities around the world across business cycles. Host governments and project partners recognize our unique capabilities and benefit from the financial strength and expertise we bring to the development of resources. ExxonMobil was awarded Block 15 in ExxonMobil interest, 40 percent , and the first discovery was made in To date a total resource of nearly 5 billion oil-equivalent barrels gross has been discovered on the block.
Together these projects are expected to recover approximately million barrels of oil gross. Total combined daily production on the block peaked at over thousand barrels per day gross in ExxonMobil owns a percent interest in Block 17, where the first discovery was made in Through year-end , 15 discoveries have been announced on the block with a total resource estimate of about 6 billion oil-equivalent barrels.
A number of projects have started up, including Girassol in , Dalia in , and Rosa in During , production was thousand barrels per day gross. Project execution began in for the Pazflor project, located miles offshore in feet of water.
ExxonMobil was awarded a percent interest in Block 31 in , and the first discovery was made in Through year-end , 16 discoveries have been announced with a total resource of approximately 2 billion oil-equivalent barrels on the block.
A single, thousand-barrel-per-day FPSO vessel is planned for the four fields to produce an estimated million barrels of oil gross. ExxonMobil was awarded a percent interest in Block 32 in and the first discovery was made in Through year-end , 12 discoveries have been announced with a total resource of approximately 1.
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