IRVING, Texas--(BUSINESS WIRE)--Oct. 18, 2004--Exxon Mobil Corporation (NYSE:XOM) announced today that its subsidiary, Esso Exploration and Production UK Ltd, has participated in first production from the $560M Goldeneye project in which it has a 39 percent equity stake. Estimated recoverable resources from the project total approximately 135 million oil-equivalent barrels. The expected production rate is 300 million standard cubic feet of gas per day and associated liquids. Shell U.K. Limited is the operator of the field.

The development involves transporting the full well stream at reservoir pressure from a single unmanned platform to the existing Shell/Esso onshore processing facilities at St Fergus on the North-East coast of Scotland.

Commenting on first production, Robert Olsen, chairman and production director of ExxonMobil International Limited, said, "We are pleased with the start-up of Goldeneye. The project is an important new contribution to our production from the UK North Sea. A key aspect of this new development is that it utilizes existing onshore infrastructure and provides further feedstock supplies for the Mossmorran NGL plant and the adjacent ExxonMobil operated Fife Ethylene Plant."

CAUTIONARY STATEMENT: Estimates, expectations, and business plans in this release are forward-looking statements. Actual future results, including resource recoveries, production rates, and project costs, could differ materially depending on technical or operating factors, the outcome of commercial negotiations, changes in law or government policy, and other factors discussed under the caption "Factors Affecting Future Results" in item 1 of ExxonMobil's most recent 10-K and available on our website at www.exxonmobil.com. References to "recoverable resources" and other quantities of oil and gas include amounts that are not yet classified as proved reserves but that we believe will ultimately be produced.

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    SOURCE: Exxon Mobil Corporation