Update on the Exxonmobil and Rosneft Strategic Cooperation
Total Page:16
File Type:pdf, Size:1020Kb
Investor Meeting April 18, 2012 The St. Regis New York Cautionary Statement Forward-Looking Statements and Other Information. Business and project plans and other statements of future events or conditions presented at this meeting, including during discussion periods, are forward-looking statements. Actual future results, including project plans, costs, timing and results; economic benefits; resource recoveries; demand growth and mix; and the impact of technology could differ materially due to a number of factors. These include changes in oil or gas prices or other market conditions affecting the oil and gas industries; the outcome of exploration and development projects; unforeseen technical difficulties or technological changes; the outcome of commercial negotiations; changes in law or government regulation; and other factors discussed here and under the heading "Factors Affecting Future Results" in the Investors section of ExxonMobil’s web site at exxonmobil.com. Forward-looking statements are based on management’s knowledge and reasonable expectations on the date hereof, and we assume no duty to update these statements as of any future date. All information presented at this meeting is solely the responsibility of the presenting company. Agenda 9:30 AM Welcome David Rosenthal, ExxonMobil Vice President, Investor Relations 9:35 AM Strategic Cooperation Agreement Rex Tillerson, ExxonMobil Chairman and CEO 9:50 AM Rosneft Briefing Eduard Khudainatov, Rosneft President 10:30 AM Overview of Russian Oil Industry Igor Sechin, Russian Deputy Prime Minister 11:10 AM Q&A 11:30 AM Meeting Concludes Strategic Cooperation Agreement Rex Tillerson Chairman and CEO Sakhalin Delivering significant value from a world-class development ■ Successful partnership spanning more than 15 years ■ Flawless project execution and strong operational excellence ■ World-class technology Strategic Cooperation Agreement Commencing exploration activities in new high-potential areas Discovered Fields Kara Sea ■ Includes Kara Sea and Black Sea -1 Block-2 Block Block-3 ■ Establishes Offshore Arctic Research and Design Center ■ Executed joint venture foundation agreements 0 250 0°0'0" 10°0'0"E ± km ■ Russian government also announced fiscal improvements supporting offshore development NorthNorth Sea Sea GulfGulf of of Mexico Mexico 0°0'0" 10°0'0"E Coordinate Reference System NAD_1927_StatePlane_Texas_South_Central_FIPS_4204 Projection : Lambert_Conformal_Conic Kara Sea Map False_Easting: 2000000 False_Northing: 0 Central_Meridian: -99 Standard_Parallel_1: 28.3833333333333 Standard_Parallel_2: 30.2833333333333 Latitude_of_Origin: 27.8333333333333 Coordinate_Unit: Foot_US 1:6,700,000 Datum: GCS_North_American_1927 Spheroid: Clarke_1866 Prime_Meridian: Greenwich Kilometers Longitude: 0 Legend 0 100 200 400 Prinovozemelskoye Blocks Proprietary I:\ENC\EMEC\Planning\Planning\Vguo\ArcGIS\Spatial_Data\Maps 11/03/2011 Global Partnership Rosneft gaining equity interest in ExxonMobil opportunities ■ Canada – Cardium Tight Oil Development ■ U.S. – West Texas Unconventional Exploration ■ U.S. – Gulf of Mexico Deepwater Exploration .