2009-08-19-2007-01-01-2007-01-01

Acreage

Esso Exploration International Ltd., a subsidiary of ExxonMobil Corp., Irving, Texas, (NYSE: XOM) and privately owned Mitra Energy Ltd., Kuala Lumpur, Malaysia, have entered an agreement to explore in the deepwater Sandakan Basin southwest of the Philippines. An ExxonMobil affiliate has acquired a 50% operating interest in the 2 million-acre Block SC 56 through a farm-in. Mitra Energy has a 50% equity interest in the block and will operate the 2-D seismic acquisition. Esso vice president Steve Greenlee says, "We are pleased to add this prospective acreage to our global portfolio and to have this opportunity to enter the oil and gas industry in the Philippines."