Minerals Management Service Honors ExxonMobil with Two Awards
The U.S. Department of the Interior Minerals Management Service (MMS) has selected Exxon Mobil Corporation receive two of its highest honors for 2005: the Safe Operations and Accurate Reporting (SOAR) Award, and the Mineral Revenues Stewardship Award.
The SOAR Award honors ExxonMobil for the company's outstanding offshore operating performance and its fiscal responsibility. The agency recognized ExxonMobil as one of the best performing companies operating on the Outer Continental Shelf for its safety and fiscal management and reporting practices.
ExxonMobil received the Mineral Revenues Stewardship Award in recognition of the company's exceptional performance in reporting oil and gas production, and paying royalties for mineral leases on federal and Indian lands. The award, established in 1987, honors ExxonMobil for the overall accuracy and timeliness of its payments and reports, as well as for its cooperation and responsiveness to compliance and enforcement requests. More than 2,500 companies report production and pay royalties for federal and Indian mineral leases.
"We are honored to be recognized by the MMS as a leader in operational performance," said Rich Kruger, vice president of U.S. Production for ExxonMobil. "In 2005, our employees and contractors achieved truly outstanding results, and the SOAR award acknowledges their accomplishments and our company's commitment to maintaining the highest standards of operational excellence and environmental care."
Noted Kruger, "The Revenues Stewardship Award recognizes ExxonMobil's corporate commitment to the sound and responsible administration of its oil and gas leases, the proper reporting of production volumes and the detailed management of ongoing payments to the company's royalty owners and other stakeholders. The honor is the result of the outstanding work by our dedicated employees involved in these efforts."
ExxonMobil has won major recognition from the MMS numerous times during the past few years. The company won SOAR and Mineral Revenues Stewardship awards in 2003 and the National Safety Award for Excellence (SAFE) in 2001 and 2002, as well as the agency's Corporate Citizen Award for 2001. The awards recognized ExxonMobil's safety record and operational performance at its U.S. offshore drilling and production facilities, and its production and royalty reporting activities.
The MMS is the federal agency within the Department of the
Interior that manages the nation's natural gas, oil and other mineral
resources on the Outer Continental Shelf. The agency also collects,
accounts for, and disburses revenues from federal offshore mineral
leases and from onshore mineral leases on federal and Indian lands.
These revenues totaled more than $10.2 billion in 2005 and more than
$143 billion since the agency's inception in 1982.
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