Where are the new opportunities for ExxonMobil?
We’ve been in the Arctic for some time, and some interesting new opportunities are starting to open up. The Canadian Beaufort Sea is a good example. When the government’s tender offer recently came up, we were ready to move because we had already decided we wanted to be in that area. As a result, we were able to get a very large, high-potential block in the Canadian Beaufort Sea. We’ve been in Greenland for more than 20 years. Recently, we looked at some regional studies we’d done. There was a potential oil seep onshore western Greenland, which suggested the presence of good source rock. We sampled the oil and decided the area had potential, and now we have two blocks in the western offshore. In Brazil, we’re drilling an exploration well into a very large structure. There have been some encouraging discoveries in the area, so we’re hopeful about the outcome. The situation in New Zealand is far more uncertain. A few noncommercial gas discoveries have been made in the Great South Basin,
