March 6 (LNGJ) - ExxonMobil, one of the leading global LNG producers, said it had revised its US Permian Basin growth plans to produce more than 1 million oil-equivalent barrels per day by as early as 2024, an increase of almost 80 percent. The size of the company’s resource base in the Permian, located in West Texas and New Mexico, is about 10 billion oil-equivalent barrels and is likely to grow further as analysis and development activities continue. ExxonMobil has many faciities on the Texas Gulf Coast and is also building the Golden Pass LNG export plant with partner Qatar Petroleum.
ExxonMobil said it was building infrastructure to support volume growth. Plans include construction at 30 sites to enhance oil and gas processing, water handling and ensure takeaway capacity from the Permian Basin. Construction activities in the Basin include central delivery facilities to handle up to 600,000 barrels of oil and 1 billion cubic feet of gas per day and enhanced water-handling capacity through 350 miles of an already-constructed pipeline.
