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Exxonmobil Argentina Overview

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Exxonmobil Argentina Overview 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 industry- leader 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 Laptev Sea Beaufort Kara Sea Chukchi Sea Faroe Islands Horn River Summit Creek Norway Athabasca Germany West Siberia Montney Ukraine Bakken UticaMarcellus Romania Russian Black Sea Woodford Kurdistan Region of Iraq Permian Basin Haynesville China Gulf of Mexico Vietnam Guyana Nigeria Colombia Liberia Brazil Gabon Tanzania Angola PNG Play Type Madagascar Deepwater / Conventional Australia Arctic South Africa Unconventional Argentina 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 GDP Energy Demand Billion Trillion 2010$ Quadrillion BTUs Latin America Energy Demand by Country By Country By Fuel Quadrillion BTUs Quadrillion BTUs Other Renewables Rest of Latin America Biomass Chile Nuclear Venezuela Coal Gas Argentina 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 Los Toldos II El Trapial LTE X-1 (API) LT III LT IV La Invernada Aguada del Chivato LdMo.X-2 (YPF) Bajo del Toro Loma de Molle LdMo.X-1 (YPF) La Escalonada Aguila Mora Bajo del Los Toldos I Choique Aguada del Cerro la Minas Puestero ALL X-1 (API) Pampa BdCh X-2 (EMOP) PNE.x-1004 (Petrobras) de las Yeguas Rincon la Ceniza Parva Negra El Mollar (Pending) El Orejano PdY X-1 (YPF) SCh-97 (Petrobras) PdY X-2(h) (YPF) Sierra Chata SCh-99 (Petrobras) EMWI Wells by March, 2015 OBO EMOP Loma La Planned OBO/EMOP Lata Area Traded 14 Multidisciplinary Group Experience and Technical Expertise EMEC New Opportunities Team Venture Office Buenos Aires International Unconventional Drilling Team Neuquén-based Drilling Venture Office Neuquén (Rotators) EMEC Americas Operation Group Contractors URC (Houston) Gas & Power (Land man, Marketing XTO Environment al ExxonMobil Production Business Supportconsultants) Center BA(Procurement, Controllers, HR, Tax, Law, Expert Advisors Security, IT, Treasurers) Reservoir Technical Environmental Commercial Law Land HR Engineering Operations & Regulatory Houston-based functions that provide support Development GAPS USG Business Analysis Controllers P&GA Treasurers Planning 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 1554 1603 1454 1600 1333 1400 1095 1200 965 1000 813 800 622 600 465 400 264 200 111 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 Education Health Safety Environment Math & Science/ Fundacion Clinic and Donation of Safety Dino Project Reading Cruzada Hospital Equipments Programs Patagonica 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 .
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