Alma Field Begins Production Offshore Nova Scotia

ExxonMobil reports that natural gas production has begun at the Alma field, the first Tier 2 production from the Sable Project, located 125 miles offshore Nova Scotia, Canada.

The Alma field is currently producing about 120 million cubic feet of gas and 3,000 barrels of condensate and natural gas liquids per day. With the addition of Alma, average daily production at the Sable Project is approximately 500 million cubic feet of natural gas and 20,000 barrels per day of associated condensate and natural gas liquids.

The Alma platform is located in 220 feet of water and is connected to the Sable Project's Thebaud central processing platform via a 32-mile subsea pipeline.

Tier 1 production from the Sable Project began in late 1999 from three offshore fields -- North Triumph, Venture, and Thebaud -- and is processed at two onshore facilities in Nova Scotia.

Alma is the first Tier 2 field; the second Tier 2 field, South Venture, is currently under development in Halifax. Production is expected from South Venture in late 2004.

The Sable Project is owned by ExxonMobil Canada (50.8 percent), Shell Canada Limited (31.3 percent), Imperial Oil Resources (9 percent), Pengrowth Corp. & Emera Offshore Inc. (pending sale to Pengrowth Corp., closing mid-December) (8.4 percent) and Mosbacher Operating Ltd. (0.5 percent). Natural gas from the Sable Project is transported to markets in the Canadian Maritime Provinces and to the Northeastern United States via the Maritimes and Northeast Pipeline (ExxonMobil interest: 12.5 percent).