Exxon Mobil Presenting World Forecast

All of ExxonMobil’s major investments have their roots in The Outlook for Energy. For example, over the past 15 years, we have spent more than $10 billion to expand our refining and petrochemical production in Singapore because we expect economic growth across the Asia Pacific region will continue to spur demand for transportation fuels and the chemicals used for plastics and other manufacturing.

Our decision over a decade ago to invest with Qatar Petroleum to develop their natural gas reserves was grounded in our view that global demand for gas would rise significantly, as was our $41 billion purchase of XTO Energy in 2010. And projected strength in commercial transportation demand, coupled with tightening emissions standards, drove our 2008 decision to invest more than $1 billion to expand clean diesel production capacity in the United States and Europe.

ExxonMobil invested more than $125 billion in energy projects over the past five years. As big as those investments are, the International Energy Agency estimates that to meet energy demand, global energy infrastructure investment will need to average approximately $1.5 trillion per year (in year-2010 dollars) through 2035, with half of that amount related to oil and natural gas.

What else does The Outlook for Energy tell us about how best to meet the future needs of the world’s energy consumers?"

Come and find out! All Welcome, $25 at the Door, please RSVP to cdean@inteki.com

Speaker and Presenter Information

David Khemakhem, PhD from the University of Minnesota, Mechanical Engineering, has started his career with Exxon Research Company, working in the areas of Wellbore Design. In 2000, David became Team Lead for the Well Integrity Team at ExxonMobil Upstream Research. In 2001, David transferred to the ExxonMobil Production Company as a Subsurface Engineering overseeing completion and workover operations in Colorado, Wyoming, California and South Texas. In 2003, David moved to Qatar, where he spent 6 years in a number of positions, including Drilling and Completions Engineering Manager. In this position, David led a team of Engineers working on RasGas�s 14 drilling rigs, during the development of the North Field. David returned to Houston in 2009, joined the Upstream Research Company as Well Performance Manager. In 2010 David became the Unconventional Gas Recovery Manager. In 2011, David moved to Exxon Mobil Headquarters to join the Corporate Strategic Planning team as Energy and Technology Advisor. In this role, he helps to develop the Energy Outlook.