ExxonMobil Marketing Shallow Water U.S. Gulf Assets

ExxonMobil is marketing several production and pipeline assets in the central region of the shallow water Gulf of Mexico as part of its normal asset management program.

An ExxonMobil spokesperson said the company is in the initial stage of this process, and no buyer has been identified. The volume of production associated with assets being considered for sale is 12,000 b/d of liquids and 49 MMcf/d of gas, a relatively small proportion of ExxonMobil's total Gulf of Mexico production.

"The company markets assets that for a variety of reasons may be of more value to others. Assets will be sold only if an acceptable offer is received," ExxonMobil said in a statement.

ExxonMobil said it would continue to have a strong presence in the U.S. Gulf states, including producing, refining and supply, and chemicals facilities, and a portfolio of about 2.2 million net acres. In 2009, ExxonMobil had average net production of about 85,000 b/d of liquids and 350 MMcf/d.


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