Exxon Mobil beginning development of ultra-deepwater Julia oil field in Gulf of Mexico
Green Car Congress
MAY 8, 2013
Exxon Mobil Corporation is commencing development of the ultra-deepwater Julia oil field in the Gulf of Mexico. ExxonMobil, the operator, and Statoil Gulf of Mexico LLC each hold a 50% interest in the Julia unit. Capital cost for the project, which is expected to begin oil production in 2016, is estimated to be more than $4 billion.
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