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ExxonMobil announces Jansz-3 production test results

Posted: 17 July 2003

Exxon Mobil Corporation announced today its subsidiary, Mobil Exploration and Producing Australia Pty Ltd, confirmed a production test on the Jansz-3 well, an appraisal to the 2000 Jansz discovery off the Northwest Coast of Western Australia, has flowed at a maximum gas rate of more than 72 million cubic feet per day (MCFD).

In March, ExxonMobil announced that exploratory drilling on the Jansz field indicated the presence of a world-class gas resource.

Based on these early results, it is estimated that the Jansz field, in permit WA-18-R and its extension into the adjacent WA-267-P block, could approach 20 trillion cubic feet (TCF) of recoverable sales gas.

Appraisal drilling on the field in permit WA-18-R indicated a field size in excess of 760 square miles with an interpreted 1,300 feet gross gas column.

Located in the deepwater Carnarvon Basin, approximately 125 miles off the coast of Karratha, the Jansz-3 well was drilled in water depths of 4,355 feet to a total depth of approximately 9,425 feet below sea level to further delineate the resource.

"ExxonMobil is encouraged by the results of the recent production test," said Jon Thompson, president of ExxonMobil Exploration Company. "The Jansz field represents around 40 percent of the undeveloped, discovered gas resources in the deepwater Carnarvon Basin."

ExxonMobil holds a 50 per cent equity interest, and is operator of the WA-18-R permit in which the Jansz-3 well was drilled, and a 25 per cent equity interest in the adjacent WA-267-P block.

ChevronTexaco holds the remaining 50 per cent equity interest in WA-18-R, while the remaining equity in the adjacent WA-267-P block is held by ChevronTexaco (50 per cent, operator), Shell (12.5 per cent) and BP (12.5 per cent).

The WA-18-R Joint Venturers are conducting a joint study to assess development options.

ExxonMobil has a leading position in nearly all of the primary accessible exploration and production areas in the world, including large operations in Australia such as those in Gippsland and North West Shelf.

The company is actively exploring and producing in Australia.

ExxonMobil is one of Australia's largest producers of crude oil and natural gas with operated production of 198,000 barrels of liquids and 548 million cubic feet of gas per day in 2002. Gas production facilities operated by ExxonMobil supply approximately 23 percent of Australia's domestic demand.

Upstream capital and exploration expenditures invested by ExxonMobil last year in Australia totaled approximately US$175 million. (BUSINESS WIRE)

For more information see www.exxonmobil.com.

Posted by Richard Price, Editor Pipeline Magazine

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