ExxonMobil Receives Excellence Awards for Technical and Social Development at World Petroleum Congress
An improved method of directly detecting oil and gas accumulations under
thousands of feet of water and rock and an innovative and a highly
successful campaign to increase the use of mosquito bed nets in
malaria-endemic parts of Africa earned Exxon Mobil Corporation
(NYSE:XOM) two Excellence Awards today at the World Petroleum Congress
in Doha, Qatar.
The WPC Excellence Awards were presented by His Excellency Abdullah bin Hamad Al-Attiyah, Deputy Prime Minister and Chairman of the Administrative Control and Transparency Authority, and accepted by Rex W. Tillerson, Chairman and Chief Executive Officer of Exxon Mobil Corporation. (Photo: Business Wire)
The awards in Technological Development and Social Responsibility were
presented by His Excellency Abdullah bin Hamad Al-Attiyah, Deputy Prime
Minister and Chairman of the Administrative Control and Transparency
Authority, and accepted by Rex W. Tillerson, Chairman and Chief
Executive Officer of Exxon Mobil Corporation.
The Technological Development award was presented for the award-winning
and patented Remote Reservoir Resistivity Mapping (R3M) technology
developed by ExxonMobil Upstream Research Company.
Unlike seismic detection technology that uses sound waves, R3M
technology utilizes controlled-source electromagnetic energy to detect
differences in the resistivity of various layers below the seabed. This
allows R3M to use smaller electromagnetic sources while maintaining
optimum performance.
R3M was developed to improve success rates of offshore exploration
activities in deepwater where a single wildcat well can cost more than
US$100 million. In the past 10 years, ExxonMobil has acquired more than
70 marine surveys using R3M technology, which has accurately confirmed
the predicted geological setting more than 70 percent of the time.
Detailed safety studies have been conducted and no effects on marine
life have been observed.
The award in Social Responsibility was presented for the NightWatch
program, which was developed by Malaria No More in collaboration with
ExxonMobil and the Lalela Project. Through the program, Africa′s most
popular celebrity voices remind communities about bed net use,
broadcasting on TV, radio and via text message at 9 p.m. when mosquitos
take flight. More than 20 of Africa′s best known musicians, community
leaders and athletes have participated, reaching more than nine million
people in participating countries.
The NightWatch program was piloted in Senegal and Tanzania in 2010 and
is now under way in Cameroon and Chad.
The Excellence Award is one of the most prestigious recognitions in the
oil and gas industry. They are awarded every three years by the World
Petroleum Council during the World Petroleum Congress. The award honors
companies, institutions, public or private, for projects or innovations
that promote or operate with high excellence. The World Petroleum
Congress received over 100 submissions this year for Excellence Award
recognition.
'ExxonMobil invests more than US$1 billion a year on research and
development to help find more energy resources and to find the most
beneficial use of that energy to support economic growth and the
environment,? said Sara Ortwein, President of ExxonMobil Upstream
Research Company. 'R3M is an example where our investment in people and
technology that will continue to provide benefits for many decades.?
Suzanne McCarron, President of the ExxonMobil Foundation, said
ExxonMobil has committed more than $100 million since 2000 to fight
malaria.
'ExxonMobil has been a key partner with Malaria No More since 2007 and
has committed US$14 million to the organization′s malaria prevention
efforts,? said McCarron. 'NightWatch serves as a healthy reminder every
night to millions of Africans that malaria is a preventable and
treatable disease.?
About ExxonMobil
ExxonMobil,
the largest publicly traded international oil and gas company, uses
technology and innovation to help meet the world′s growing energy needs.
ExxonMobil holds an industry-leading inventory of resources, is the
largest refiner and marketer of petroleum products, and its chemical
company is one of the largest in the world. For more information, visit exxonmobil.com.
About Malaria No More
Malaria
No More is a not-for-profit organization dedicated to ending malaria
deaths in Africa by 2015. Malaria No More leverages high-impact
awareness campaigns to engage the world, global advocacy to rally
leadership and strategic investments to accelerate progress.
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