The Global Projects organization was formed in 2019 and integrates decades of mega-project management experience, deep technical knowledge, and commercial capabilities into one global team that delivers projects across the Upstream, Downstream, and Chemical businesses.
The new organization builds on experience gained from more than $125 billion of major capital projects over the past decade.
This experienced and dedicated team provides a critical foundation of project-development expertise and delivery capabilities, which is applied across the corporation.
The ethane steam cracker and derivative products project near Corpus Christi, Texas, is an excellent example of the benefits derived from an integrated global projects organization. The project is a joint venture that incorporates the Chemical organization’s operational experience, customer focus, supply chain, and technology expertise, with Upstream’s megaproject and modularization capabilities. The facility will be ExxonMobil’s first fully modularized chemical plant, with fabrication of more than 140,000 tonnes of mega modules. The venture remains on schedule, on budget, and on track to competitively capture significant execution savings when compared to other standard industry steam crackers.
The Liza Phase 1 development in Guyana is another example of the value created by our Global Projects organization. The project was completed under budget and ahead of schedule in less than five years from discovery to start-up, representing industry-leading performance in the deepwater value chain. The project benefitted from an optimized contracting strategy and strong local and international partnerships. Future Guyana developments will leverage the Liza Phase 1 approach.