M O B I L

O I L

C A N A D A

History of Excellence
1940 2000

How Todays ExxonMobil Canada Came About

Socony-Vacuum Oil Company (U.S.)
1940 1943 1954 1955 1966 1984 1986 1998 1999 2000 2001 Socony-Vacuum comes to Canadaest. as Dominion Company (1940). Socony-Vacuum Oil Company of Canada (in Calgary). Socony-Vacuum Oil Co. of Canada, Ltd. name change. Mobil Oil of Canada, Ltd. Mobil Oil Canada, Ltd. Merger of Mobil and Superior Oil Company (U.S.) was announced. Mobil Oil Canada, Ltd. purchase of Canadian Superior Oil Ltd. was officially completed. Exxon and Mobil merger announced in the United States. Exxon and Mobil merger approved. Mobil Oil Canada and Imperial Oil synergy announced. ExxonMobil Canada.

Superior Oil Company (U.S.)

1943 1950 1961 1962 Superior Oil Company comes to Canada as Rio Bravo Oil Company, (in Calgary). Goes public as Canadian Superior Oil of California Ltd. Change to Canadian Superior Oil Ltd. Acquires Calgary and Edmonton Corporation (originally the Calgary and Edmonton Land Company).

From mobilis to Pegasus

The two strongest elements in Mobils trademark history have been the word Mobil and the Flying Red Horse, Pegasus. A U.S. trademark registration was based on the first use of Mobil on June 15, 1934. The word was coined by splitting off the root of the trademarks Mobilgas and Mobiloil. Mobiloil was first on the scene; its known that Mobiloil was marketed in England as early as 1899, and the Mobiloil trademark was registered in the U.S. Patent Office on January 27, 1920. Company records are vague but indicate that whoever first suggested Mobiloil undoubtedly was motivated by the Latin word mobilis (meaning capable of being moved) and by the new horseless carriages, which the product lubricated. The Flying Red Horse, or Pegasus symbol, was adopted as a trademark in the U.S. shortly after the organization of Socony-Vacuum in 1931. But it had been used abroad for many yearsas long ago as 1911. Apparently the first to use Pegasus as a symbol of speed and power was the former Mobil company in South Africa. It was Mobil Sekiyu in Japan, however, that first coloured it red.

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January 17, 2001 In 1940, Socony-Vacuum Oil Company of Canada, Limited, quietly opened an office in Windsor, Ontario. This small marketing operation led to the opening of an office in Calgarys Lancaster building, and marked the beginning of a company which today is one of Canadas leading energy producers. Today, we have offices in Calgary, Alberta, Halifax, Nova Scotia, and St. Johns, Newfoundland, and operations in British Columbia, Alberta, Saskatchewan, Nova Scotia and Newfoundland. Mobil Canada, now ExxonMobil Canada, is a national company with a leadership position in key exploration basins and a reliable producer of energy products to customers across North America. We have been at the forefront of developing Canadas energy industrya legacy that we can all be proud of. Our more than 60 years of success have been built by our peoplewho have an entrepreneurial spirit, a trailblazing attitude and a willingness to do what it takes to get the job done. We hope that you find this booklet informative and useful. It is designed to provide you with an overview of the successes, the challenges and the changes we have gone through over the years. More importantly, it is intended to recognize the history that ExxonMobil Canada will inherit, and ultimately will build upon, as we move forward.

Glenn McNamara
PRODUCTION MANAGER ExxonMobil Canada West

Jeff Woodbury
PRODUCTION MANAGER ExxonMobil Canada East

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Our Roots:
Our U.S. parent company, Mobil Oil, was created from two companies. In 1859, Matthew Ewing, a carpenter and inventor, found a way to make kerosene by distilling crude oil in a vacuum. This process created an oily residue which became a superior petroleum lubricant, and Ewing and his partner, Hiram Bond Everest, patented the method. On October 4, 1866, the Vacuum Oil Co. was incorporated. As a result of its lubricant success, Vacuum soon came to the attention of John D. Rockefellers Standard Oil Company, which bought a three-quarter interest in the company in 1879. In 1882, Rockefeller organized his companies into the Standard Oil Trust; out of this he formed the Standard Oil Company of New York (Socony). When the U.S. Supreme Court broke up the Standard Oil Trust in 1911, Vacuum and Socony were among the 33 separate companies that emerged from the split. The two developed independently until they merged in 1931 to create the Socony-Vacuum Corp. (later Socony-Vacuum Oil Co., Inc.).

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Socony Vacuum Begins Marketing Lubricants in Canada (1940).

The Flying Red Horse, or Pegasus, became the Socony-Vacuum symbol and is still associated with Mobil products today.

In 1940, the Socony-Vacuum Oil Company opened an office in Windsor, Ontario, primarily for marketing purposes. The company was incorporated under the name Dominion Company. The rest, as they say, is history. The company that grew from that small office Mobil Oil Canada is now one of the leading producers of crude oil and natural gas in Canada. These pages will explore in words and photographs the path weve taken over the past 60 years.

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The Challenges of Early Survey Work in Western Canada.

Following the Depression, Canada imported nearly all of its oil. The major oil companies were scooping up land, looking for the next big oil strike. In 1943, Socony-Vacuum opened an office in the Lancaster Building in Calgary, Alberta, and staffed it with one manager, two geologists and a secretary. Over the next several years, company surface geologists scoured over the central Alberta foothills, northeastern British Columbia and the Northwest Territories trying to locate the geologic clues which would unlock the elusive black gold. At the other end of the country, the U.S. parent company spudded a well from a man-made island to test a geologic anomaly off Prince Edward Island.

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The fellows at university wondered why a geologist would ever join a vacuum cleaning outfit, says Donald Axford, who joined Socony-Vacuum Oil Company of Canada in 1948 and later went on to lead our exploration department.

1940s: Finding Our Way

Canadas first major oil discovery near Leduc, Alberta in 1947 set off a major land buying frenzy for all the oil companies. Between 1946 and 1948, Socony-Vacuum acquired a 169,000-acre land block south of Turner Valley and arranged farmout agreements with Canadian Pacific Railway for two million acres in southern Alberta. In 1949, the company had grown to 41 staff members and completed seven wells all of them dry.
1940 Socony-Vacuum opens Canadian office in Windsor, Ont 1940 Germany overruns Western Europe 1943 Allies win Battle of the Atlantic 1943 Hillsborough Bay No. 1 well spudded off PEI; office opened in Calgary

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Legendary Sable Island Horses.

Patience and hard work paid off. In 1950, the companys Socony Flint No. 1 brought in the Duhamel field near Camrose, Alberta our first Canadian discovery. This was followed by more successes in southwestern Saskatchewan in the Fosterton, Midway, Cantuar and Success fields; the company went on to complete 23 wildcat wells in 1952, bringing in the first commercial production in this part of the province. We also picked up a lease in the Athabasca tar sands area of Alberta. Drilling and evaluation work on this lease (Kearl Lease #36) began in 1953, and significant deposits of bitumen the tar-like sand which forms the oil sands were confirmed.

1950s: Rock and Roll Time

Excitement continued with our Pembina discovery, the first time that oil had been found in the Cardium formation in western Canada. This field was
1950 Socony Flint No. 1 first discovery in Canada for company 19511953 Korean War 1953 Company discovers Pembina field largest to date in Canada 1956 Suez Crisis 19561957 Great Canadian Pipeline Debate; Dief the Chief elected in 57 1957 Gas and oil discovered in Whitecourt, Alberta area 1959 First offshore permits in Sable Island area

discovered in 1953 by Arne Nielsen, Tony Mason and Fred Trollope geologists who were 22, 21 and 22 respectively at the time. Pembina is the largest conventional oil field discovered in Canada to the present day, and we have operated the North Pembina Cardium Unit #1 in Drayton Valley for more than 45 years. In the early 1950s, well geologists were often isolated for months at a time, in camps that could only be reached by bush planes. Before the days of scramblers and satellite transmission, geologists reported confidential drilling results by radio phone, using codes that changed regularly. Retired CEO, Arne Nielsen, who joined the company as a geologist in 1950, remembers how the company kept information from its competitors. In those days, there was only one phone line that went into the Drayton Valley general store. We were concerned about our major competitor, Amoco, getting hold of our plans. Since my wife and I lived on the edge of Edmonton, the company set up two telephone poles in my backyard to receive the radio signals from the wellsite and ran the line into our bedroom where I deciphered

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Pembina No.1 Discovery (1953).

the information. We also had cores under the bed. My wife was very understanding, but the neighbours circulated a petition about the poles and I had to go to each one to calm them down. In 1953, the South Saskatchewan Pipe Line Company (SSPL) was formed to provide a gathering system for the Cantuar field, and product was then transported to North American markets. Socony-Vacuum, Wood Pipeline Company and the Southern Pipeline Company came together to build the SSPL, which cost more than $15 million (Canadian) to build. We have operated this pipeline company since its inception. By 1955, staff numbers had vaulted to more than 600. The same year the company adopted the name Mobil Oil of Canada, Ltd., in line with other affiliates. In the latter half of the decade, Mobil continued to make oil and gas discoveries on the prairies, including the Battrum-Cantuar area in south Saskatchewan, the Wimborne field in central Alberta, and Carson Creek near Whitecourt, Alberta. On the East Coast, Mobil obtained its first offshore permits for the Sable Island area.

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The companys burgeoning success led to a decision to decentralize the organization. In 1961, we had four exploration districts (Calgary, Edmonton, Regina and Dawson Creek) and three producing districts (Edmonton, Regina and Drayton Valley). By 1966, the newly renamed Mobil Oil Canada (MOCAN) had changed its mind and employees were brought back to Calgary, except for field staff. In 1969, we moved into Calgary Place a building we would occupy for more than 30 years. In 1965, the Rainbow Lake discovery (50 percent MOCAN-owned) in the northwest corner of Alberta gave us one of the best exploration years in our history. The 718 feet of pay thickness has yet to be surpassed in Canada. The Rainbow and Rainbow South fields contain numerous single and multi-well oil pools. Forty years later, our share of cumulative production is more than 385 million barrels of oil equivalent. Following the Rainbow discovery, a pipeline system was needed to transport the crude from northwestern Alberta to markets in Edmonton, Alberta. As a result, Socony-Mobil, Imperial Oil Limited, Acquitane and the Banff Oil Company formed the Rainbow Pipe Line Company, Ltd. (RPL). By the end of 1966, we had completed 235 miles of pipeline between the Rainbow and Nipisi fields and had an additional 240 miles under construction. By 1967, the three companies had spent more than $80 million on the construction of the pipeline. Mobil has been the operator of RPL since its inception.

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(credit: Public Archives)

Pipeline Network Expands to Bring Product to Southern Markets.

In the late 1960s, Mobil became the countrys largest exporter of oil to the U.S., shipping one-sixth of all production in Canada.

1960s: Building on Success

In the latter half of the 1960s, we expanded many of our facilities in western Canada, including the Carson Creek gas plant, the Petrogas plant in Calgary, and the heavy oil in-situ pilot projects at Battrum field. The Arab-Israeli war in 1967 and subsequent closing of the Suez Canal dramatically increased oil exports to the U.S. from Canada. In anticipation of higher crude oil demand, the company invested $4 million in additional facilities at Pembina, Duhamel, Carson Creek North, Swan Hills and Rainbow fields, boosting our production capacity by 40 percent in 1969. Activity was also gearing up in the Arctic and the East Coast. MOCAN carried out geological surveys in the Arctic islands and marine geophysical surveys on huge tracts off the coasts of Newfoundland and Nova Scotia (near Sable Island). By 1968, we held over 30 million offshore acres in Atlantic Canada. The year before, the first deep test well was spudded on Sable Island. Sable Island was a really wild play, says Nielsen. I have to give credit to Don Axford who was exploration vice-president at the time, who was convinced there would be production there.
1960 OPEC founded 19621963 Cuban Missile Crisis (1962); President Kennedy assassinated (1963) 1965 Rainbow Lake discovery; one of the best exploration years in company history 1965 Vietnam War build-up 1967 Rainbow Lake pipeline under construction; Sable Island No. 1 well spudded 1967 Mobil Canada largest exporter of oil and condensate to U.S. 1967 Six Day War (Arab-Israeli); Suez Canal closed 1969 Qaddafi seizes power in Libya; oil discovered in North Sea

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During the 1970s, MOCAN invested heavily in frontier prospects, including offshore East Coast and the Mackenzie Delta in Canadas far north. We also planned a $13 million heavy oil recovery project near Lloydminster.

East Coast
In 1971, we made the first reported discovery in the Canadian Atlantic at Mobil Tetco E-48 on Sable Island. More wells (mostly offshore) were drilled the next year, with one reaching almost 4,100 metres in a water depth of 30 metres. MOCAN also owned its own semi-submersible drilling rig. Dock facilities were established at Dartmouth, Nova Scotia and St. Johns, Newfoundland to support the Atlantic drilling programs. In 1976, we reached an agreement with

1970s: Frontier Exploration Continues

1971 Mobil Tetco E-48 off Sable Island first reported discovery in Canadian Atlantic 1973 Gulf Mobil YaYa P-53 north of Inuvik, NWT flows at rates of up to 8 mcf/d 1973 Yom Kippur War & Arab Oil embargo; oil prices rocket from $2.90/bbl (US) to $11.65/bbl (US) in 4 months 1974 No development wells drilled in Saskatchewan (result of govt royalty and tax measures) 1974 Nixon resigns after Watergate scandal 1975 South Vietnam falls to Communists

Petro-Canada for a five to 12 well drilling program in the Sable Island area, as part of the 25 percent back-in deal they had on all federal lands. Persistence finally paid off in 1979, when large reserves of natural gas were discovered at Venture D-23 the 70th well to be drilled by companies on the Scotian Shelf and Mobils 26th as operator. The same year, Hibernia P-15 in the Grand Banks tested at up to 420 cubic metres of good quality oil per day. After MOCANs 20 years and some $45.9 million spent probing structures below the ocean floor, it looked like production off Canadas East Coast was just around the corner. But MOCAN and other interested companies still had to deal with the ferocious weather, meandering icebergs and substantial capital and government requirements before the areas potential could become reality.

Western Canada and the North

As the Arab Oil Embargo took hold in 1973, a three-fold jump in oil prices helped encourage expansion of exploration and production in the West. To increase production on its properties at Rainbow Lake, MOCAN built the areas first miscible solvent plant. The company also acquired interest in the new Kaybob gas processing plant and Stage II of the Ram River plant, both in Alberta. New federal and provincial government regulations had a major impact on MOCANs business. For the first time, the company drilled no new development

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Early Drilling Offshore Nova Scotia.

In 1979, 93 percent of profits were put back into exploration activities.

wells in Saskatchewan, and in 1975, our oil exports to the U.S. shrank by 30 percent. On the bright side, we made significant new gas discoveries in Alberta and in the Sierra-Sahtaneh region of northeastern B.C. In 1978, the Saskatchewan government approved our Celtic wet combustion heavy oil pilot project located northeast of Lloydminster. Seismic activities continued in the Arctic Islands and development drilling expanded in the Parsons Lake gas field in the Northwest Territories. However, it would be some time before the proper market and social conditions were in place to give companies the comfort they needed to proceed with further exploration and development work. Men who worked in the north were usually flown into isolated camps for lengthy shifts. Without wives and families around, the camps could be pretty rough. Bob Weir remembers that at Rainbow Lake, There was a lot of petty picking on each other and only the strongest survived. It was better when the families moved there because the men had a reason to go home at night. Despite the ups and downs in the 1970s, by 1979 the number of full-time employees had grown to almost 1,000.
When you worked in camps and remote areas, your colleagues became part of a family. And I think that this closeness created more loyalty to the company. Memories of long-time employees who worked in production, maintenance and construction in central Alberta and northern areas in the 1970s. 1975 More discoveries of gas and oil in Mackenzie Delta and Alberta 1977 Drilling resumes in Sable Island area with Petro-Canada as partner 1977 North Slope Alaskan oil comes to market

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Ocean Ranger Drilling Offshore Newfoundland.

1979 Major strikes off coasts of Newfoundland (Hibernia P-15) and Nova Scotia (Venture D-23) 1979 Iran takes hostages at U.S. Embassy 1979 Oil prices rise from $13 to $34 (U.S.)

Survivors of the 1980s will tell you the decade was a rough ride. It started with introduction of the National Energy Program, followed by the Ocean Ranger tragedy. The head office moved from Calgary to Toronto and back again in a five-year period. MOCAN and Canadian Superior formally merged in 1986, and shortly after, experienced a dramatic downturn in oil prices in the late 1980s. Never a dull moment!

The National Energy Program

The federal governments stated objective for its National Energy Program (NEP) was to improve Canadian petroleum self-sufficiency. In practice, it was an eight percent non-deductible petroleum and gas revenue tax. Further, Bill C-48 gave preferential grants to Canadian owned and controlled petroleum companies. The multinationals at the time described the NEP as a massive transfer of wealth from industry to the government. The NEP followed the creation of Petro-Canada in the mid-1970s and its 25 percent back-in right on all federal lands without compensation to the operators. Much activity will be attracted by considerably higher profitability south of the border. Is this what Canada needs? I would say no I would suggest increased investment activity is needed if the 1990 self-sufficiency goal is taken seriously. MOCANs Associate Economic Specialist, Henry Klaver, in December 1980 edition of Dimensions.

Tragedy at Sea
February 15, 1982, is a date no one in the company will forget. That day, the Ocean Ranger drilling rig off the coast of Newfoundland capsized in a severe winter snow storm. All 84 crew members were tragically lost at sea. Investigations since the accident have led to improved safety standards and training, and new designs for offshore rigs.

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Sierra Construction Foreman Vic Barbey.

East Coast Exploration

Evaluation of the Hibernia project and exploration on the Scotian shelf continued into the 1980s. Environmental issues gained a higher profile across the company, including preparation of the Hibernia Environmental Impact Statement. In 1983, MOCAN signed exploration agreements with the federal

1980s: Weathering the Changes

government for 2.5 million hectares of company-operated properties on the Grand Banks. The government stated the agreements were expected to generate more than $600 million of work with more than $250 million being spent in Canada.

1980 Celtic heavy oil research project completed northeast of Lloyminster 1980 Trudeau wins second term as Prime Minister; introduces National Energy Program (NEP) 1982 Ocean Ranger rig sinks at sea; 84 people tragically lost 1982 OPEC cuts oil price to $29 (US) 1983 Head office moved to Toronto 1984 Rainbow Lake ships billionth barrel of oil 1985 Mikhail Gorbachev becomes leader of Soviet Union 1986 Mobils purchase of Canadian Superior is officially completed 1986 Oil price collapse 1987 Toronto office closed, staff moved to Calgary 1988 Statement of Principles signed to develop Hibernia field 1989 Chernobyl nuclear accident 1989 Exxon Valdez tanker accident

Two Become One

In 1984, Mobil and Superior announced their intention to merge, which led to the merger of MOCAN and Canadian Superior in 1986. Canadian Superior started in Calgary as the Rio Bravo Oil Company in 1943, the same year Socony-Vacuum opened its Calgary office. Canadian Superior brought to the mix both excellent people and land originally obtained through a 1962 merger with Calgary and Edmonton Corporation. The C & E Corp. held the mineral rights to land associated with an earlier sister company, the Calgary and Edmonton Railway. Arne Nielsen says: Canadian Superior brought a tremendous land position in the Green Shale basin of Alberta and it was fee land, so no royalties were due. They also had a big chunk of production in the Harmattan field and, of course, great, innovative people. Nielsen was CEO both at MOCAN and Canadian Superior between 1967 and 1989. In 1985, the oil price bubble burst. The price of a barrel of West Texas Intermediate nose-dived from $31.75 U.S. in November to just $10 U.S. a few

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Like the decade before it, the 1990s proved to be a period of great change and turmoil for the oil and gas industry. Staff dealt with fluctuating commodity prices (both record highs and all-time lows), organizational changes in western Canada, the development of three megaprojects on Canadas East Coast and the implementation of another large corporate merger.

A New Focus in the West

Throughout the 1990s, we transformed our company into regional integrated business teams. This new strategy was designed to give the company the ability to compete with small and medium-sized producers, while at the same time, providing the benefits and financial strength of a large oil and gas company.

1990s: Frontier Exploration Continues

1990 Federal & provincial governments sign Hibernia agreement with consortium 19901991 Berlin Wall falls 19901991 Iraq invades Kuwait; Persian Gulf War; Yeltsin becomes Russian president 1996 Mobil successfully drills two of Canadas deepest horizontal gas wells in Alberta foothills 1996 Mobil acquires Petro-Canadas interests on Scotian Shelf in swap of W. Canadian properties 1997 Hibernia platform safely positioned offshore; first oil produced in late 97 1997 Asian financial crisis 1998 Exxon and Mobil sign merger agreement in U.S.

This strategy was implemented between 1992 and 1996, and was designed to allow business teams to pursue new oil and gas opportunities more quickly. During this period, MOCAN began focusing on continuous improvement with the introduction of a Mobil Corporation worldwide High Performance Organization initiative and a worldwide staff reduction program. With an eye on growing demand for natural gas, the western Canada teams devoted most of their time, effort and capital to finding and developing new gas opportunities. This opened up acreage and opportunities in the South Grant Lands, North Grant Lands, foothills region of Alberta and western mountains of British Columbia, and saw us build a strong and successful gas program. As all of this work on developing our conventional properties was taking place, an old opportunity was being re-examined. We reviewed the Kearl Oil Sands lease, located 70 kilometres north of Fort McMurray, Alberta, to evaluate the potential for construction of a new oil sands mine, upgrader and related facilities. This work began in early 1997 with a series of public consultation meetings which included meetings with First Nations, Metis, local and government stakeholders. And as the 1990s came to a close, we entered into a Memorandum of Understanding with Imperial Oil, Shell Canada and Gulf Canada to examine another exciting new opportunity gas development in the Mackenzie Delta

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Hibernia Agreement is Signed (1990).

region of the Northwest Territories. Combined, the companies properties hold an estimated six trillion cubic feet of natural gas. The four companies are now working with aboriginal stakeholders to evaluate the potential for a gas and pipeline project that would take natural gas from Canadas north to markets in the south.

1998 Mobil opens offices in St. Johns and Halifax; plans to invest $4 billion (CDN) in Atlantic Canada over next 5 years 1998 Mobil, Shell & Imperial Oil announce consortium to further explore Scotian Shelf; Sable project under construction 1998 An estimated 67 million people use the Internet; organizations gear up for the Y2K bug 1999 Terra Nova completes 4 glory holes ahead of schedule; Sable begins production 1999 Mobil receives national Environmental Leadership Award (Upstream) 1999 Sable comes onstream 1999 Exxon-Mobil merger approved: largest publicly traded energy in the world

Building in Eastern Canada

The decade started well, with the federal and provincial governments signing the Hibernia development agreement with MOCAN and other consortium members in 1990. We proceeded to launch a comprehensive seismic program the next year. Then, in early 1992, Gulf Canada announced it was pulling out of the Hibernia consortium; shortly thereafter, MOCAN, Chevron Canada Resources, the federal government and Murphy Oil announced they would acquire Gulfs 25 percent working interest in Hibernia. As a result, we increased our share of the project to just over 33 percent. In 1993, work began at Bull Arm, Newfoundland on the massive Gravity Base Structure designed to support Hibernias topsides structures (five super modules). Over the next few years, the consortium built a multi-million dollar transshipment facility at Whiffen Head and selected Canship Ugland Ltd. to manage operations of their first shuttle tanker, the M/V Kometik (Inuit for sled). On February 28, 1997, the topsides were successfully joined to Hibernias Gravity Base Structure. Later that year, the platform was successfully positioned offshore and the first oil was produced in late 1997. In early 1994, MOCAN introduced Shell and Imperial to another potential project, this one located offshore Nova Scotia. After this initial meeting, the companies signed a Memorandum of Understanding and established a project evaluation team. In 1995, work continued on the preparation of regulatory and development applications. Following government and regulatory approval in late 1997, the three companies began to develop the $3 billion Sable Offshore Energy Project (SOEP) for natural gas production (MOCAN holds a 50 percent interest). At the end of 1999, Sable came onstream, and became eastern Canadas first producing offshore gas project. Our third major initiative off the East Coast is the Terra Nova Project on the Grand Banks (MOCAN holds a 22 percent interest). After this project was announced in 1996, public hearings, government and regulatory approval, drilling and construction work followed. The project is expected to cost about $2.5 billion (Canadian). Terra Novas recoverable reserves are estimated at 370 million barrels of oil and we expect to begin production in 2001.

2000 Natural gas price jumps to record highs 2000 Calgary hosts 16th World Petroleum Congress

After many years of hard work and billions of dollars invested, we now look forward to producing the huge potential hidden under the Atlantics sea bed.

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The Exxon-Mobil Merger

In late 1998, Exxon and Mobil Corporations announced their intention to merge and create the worlds largest publicly traded oil and gas company; one year later, the merger was approved by governments and regulators around the world. Since approval of the merger, affiliates world-wide have been implementing a series of changes; eastern Canada began to make changes in 1999, but the full effect of the merger was not felt in western Canada until 2000. After a combined team of staff from MOCAN, ExxonMobil and Imperial evaluated potential synergy opportunities, Upstream Business Services staff were combined within Imperial Oil to provide services to both companies. The production units of MOCAN in western and eastern Canada became ExxonMobil Canada production units and remained separate from Imperial Oil.

Moving Forward
As a company, our next endeavour will see us working more closely with Imperial Oil, who are now our colleagues, not our competitors. Like the changes and challenges we have met in the past, this also presents new opportunity. Today, we have the opportunity to work together to improve the way we operate, to search for the next Drayton Valley, Rainbow Lake or Hibernia and to push open new areas for development. MOCAN has built an impressive legacy of ingenuity, perseverance and commitment to excellence. As you have seen, this company has been built by pioneers and trailblazers people who have a vision and are committed to getting the job done. Each of you has had a role in the development of MOCAN, and as we begin our new future, we can be proud of the company we have all built. Now, it will be up to ExxonMobil Canada and its employees to build on this great legacy and take us into new frontiers.

Employee

Staffing Levels
(per person) 2000
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Production History

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Production History

Crude Oil and Natural Gas Liquids

(thousand barrels of oil equivalent per day) 120 100
81.3 113.0 101.7 89.7 110.4

Natural Gas
(million cubic feet per day) 600
489.3 540.7 509.8

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ExxonMobil Operations Map

Sierra Rainbow Lake Ft. McMurrayKearl (Oil Sands)

St. John's
Carson Creek Drayton Valley Harmattan Celtic Lone Pine

Hibernia Terra Nova

Calgary
Taber Battrum

Halifax
Sable

Oil Property Gas Property

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ExxonMobil Canada
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