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ExxonMobil adds 2.7B barrels oil equivalent to reserves; replaces 183% of 2017 production

Green Car Congress

Exxon Mobil Corporation added 2.7 billion oil-equivalent barrels of proved oil and gas reserves in 2017, replacing 183% of production. ExxonMobil’s reserves life at current production rates is 14 years. Production from Liza Phase 1 is expected to begin by 2020, less than five years after discovery.

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