exploration

ExxonMobil is positioned to identify, evaluate, pursue, and capture the highest-quality opportunities. Our global organization explores in a diverse range of geological and geographical environments, covering the full range of resource life cycle and type, including:

• New exploration plays and concepts that typically have high uncertainty but large resource potential to provide significant long-term resource growth
• Unconventional resources such as tight gas, heavy oil, and oil sands that can provide profitable, long-plateau production
• Further exploration of established hydrocarbon provinces and mature plays that provide near-term resource additions and production
• Discovered fields that are undeveloped or partially developed

Each year ExxonMobil makes significant investments in new data and fundamental scientific analyses to identify new resource capture opportunities. The combination of world-class technical expertise and our extensive global database provides a distinct competitive advantage in the identification, evaluation, pursuit, and capture of new opportunities.

ExxonMobil has developed and implemented a proprietary, interactive database that captures the results of decades of basin analysis and historical exploration activity around the globe. This system is used to assemble data, interpretations, and quantitative assessments for each area in which ExxonMobil explores. It enables ExxonMobil geoscientists to identify areas for more in-depth study and ultimately define new opportunities to pursue. Once identified, opportunities are assessed and screened for technical and economic viability, as well as materiality, on a globally consistent basis. Only the best, most robust opportunities are selected for further evaluation and investment. ExxonMobil has the research and technical capability to develop and deploy new technology when existing capabilities are not sufficient to effectively evaluate a particular resource.