ExxonMobil CEO: Kearl oil-sands expansion 30% complete
IRVING -- ExxonMobil effort to expand its Kearl oil-sands project in Canada is 30% complete, and remains on target for start up in 2015, Chief Executive Rex Tillerson said Wednesday.
Speaking to shareholders at the company' s annual meeting, which was webcast from Dallas, the executive also said Exxon' s Papua New Guinea liquefied natural-gas project is on schedule for start up in 2014.
Both projects are part of 31 major project startups the company has scheduled for the 2012-2017 period.
Dow Jones Newswires