ExxonMobil Announces Startup of Marimba North Project Offshore Angola



    Exxon Mobil Corporation (NYSE:XOM) announced today that its
    subsidiary, Esso Exploration Angola (Block 15) Limited, has started
    production from the Marimba North project, designed to develop 80
    million barrels of oil in approximately 3,900 feet (1,300 meters) of
    water more than 90 miles (145 kilometers) off the coast of Angola.

    The Marimba North project is a tie-back to the Kizomba A
    development and has come on stream ahead of schedule and within
    budget. Major components of the Marimba North project include subsea
    wells, a single drill center, 30 kilometers of flowlines and a unique
    riser system which ties the production flowline into the existing
    Kizomba A Tension Leg Platform. The Marimba North production and
    control facilities have been integrated with the existing Kizomba A
    development to effectively and cost efficiently utilize the existing
    field facilities. This milestone was achieved safely without any
    production impact to the Kizomba A operations.

    Marimba North is one of seven major start-ups for ExxonMobil in
    2007, which will increase the company's production of oil and gas, and
    help meet the growing global demand for energy. The project will add
    about 40,000 barrels per day of peak production capacity to the
    existing Block 15 production, which includes the Xikomba, Kizomba A
    and Kizomba B developments. With the addition of Marimba North, Block
    15 will produce about 540,000 barrels of oil per day with combined
    estimated recoverable resources of 2 billion barrels of oil. A fourth
    Block 15 development, the Kizomba C project, is planned to develop an
    additional 600 million barrels in the Mondo, Saxi and Batuque fields.

    "The Marimba project demonstrates our commitment to helping meet
    the world's growing need for energy through timely and cost-efficient
    development of new capacity," said Mark Albers, senior vice president
    of Exxon Mobil Corporation. "The project is a good example of
    ExxonMobil's ability to integrate innovative technical solutions with
    detailed execution planning, which maximizes the value of the resource
    for our shareholders and the government of Angola."

    Like other Block 15 developments, the Marimba project encompassed
    a contracting and construction effort that spanned several continents
    and involved activities in eight nations. More than $70 million has
    been spent on local Angolan goods and services including contracts for
    in-country fabrication, logistics support, training, and development
    of Angolan personnel. These contracts have resulted in sustained
    growth for Angolan capacity and expertise to support future oil and
    gas developments.

    ExxonMobil holds interests in four offshore deepwater blocks in
    Angola covering more than 3 million gross acres with a resource base
    now estimated at nearly 13 billion oil-equivalent barrels (gross).

    In addition to Esso (operator, 40 percent), other participants in
    Block 15 are BP Exploration (Angola) Limited (26.67 percent), ENI
    Angola Exploration B.V. (20 percent) and Statoil Angola (13.33
    percent). Sonangol is the Concessionaire.

    CAUTIONARY STATEMENT: Estimates, expectations, and business plans
    in this release are forward-looking statements. Actual future results,
    including resource recoveries, production rates, and project plans,
    schedules, and costs, could differ materially due to changes in
    long-term oil and gas price levels or other market conditions
    affecting the oil and gas industry; political or regulatory
    developments; reservoir performance; timely completion of development
    projects; technical or operating factors; and other factors discussed
    under the heading "Factors Affecting Future Results" included in Item
    1 of ExxonMobil's most recent Form 10-K and posted on our website
    (www.exxonmobil.com). References to recoverable resources, the
    resource base, and expected development or recovery amounts include
    quantities of oil and gas that are not yet classified as proved
    reserves but that we believe will be produced in the future.