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ExxonMobil to increase Permian output by 1MMboe

EXXONMOBIL has announced plans to increase its Permian Basin production by more than one million barrels of oil equivalent per day by 2024 - an increase of nearly 80% on current output rates and a "significant acceleration" of value.

Paul Hunt
ExxonMobil's Liza platform. Image obtained: ExxonMobil media gallery

ExxonMobil's Liza platform. Image obtained: ExxonMobil media gallery

  The size of the company's resource base in the Texan basin is estimate at 10 billion barrels of oil equivalent, and the company said that was likely to grow further as analysis and development activities...

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