Angola

ExxonMobil has interests in four deepwater blocks that cover more than 3 million gross acres. The company and its co-venturers have announced a total of 51 discoveries in Angola, representing world-class development opportunities with a recoverable resource potential of nearly 13 billion oilequivalent barrels (gross).

During 2006, ExxonMobil operations and participation in Angola produced an average of over 800 thousand barrels
of oil per day (gross). Development drilling in current fields continues, and new development projects include Kizomba C in Angola Block 15 (ExxonMobil interest, 40 percent) and Dalia and Rosa in Angola Block 17 (ExxonMobil interest, 20 percent). Development projects for Block 31 (ExxonMobil interest, 25 percent) and Block 32 (ExxonMobil interest, 15 percent) are in the early stages of development.

The company has also made significant contributions in community activities, primarily in the areas of health and education.  An example is investments in new classroom facilities and a refurbished library with over new 5,000 book and journals at the Agostinho Neto University School of Geology.    Esso also invests significant  resources in  training  Angolans  to work in the petroleum industry. Pre-2004 training expenditures totaled $25 millions. These funds are used to train operations technicians, send nationals (MPTs) on expatriate developmental assignments, provide scholarship to Angolans studying in US colleges, provide formal functional training for national staff, fund secondment assignment in EM affiliates for Sonangol professionals and for EEALs educational refund program for national employees.