From: Douglas Grandt answerthecall@me.

com
Subject: Complex conundrums at Point Thomas
Date: July 16, 2017 at 6:51 PM
To: Darren W. Woods Darren.W.Woods@ExxonMobil.com, William (Bill) M. Colton William.M.Colton@ExxonMobil.com
Cc: Susan K. Avery, PhD savery@whoi.edu, Jeffrey J. Woodbury jeff.j.woodbury@exxonmobil.com, Suzanne M. McCarron
Suzanne.M.McCarron@ExxonMobil.com, Max Schulz max.schulz@exxonmobil.com

Dear Darren and Bill,

It must be a complex conundrum what to do about Point Thomas. You must feel like you are
between a rock and a hard place. A tangle of technical, financial and political problems.

At some point, it may be acceptable to shut down the field, cap the wells, abandon the thought
of ever addressing the geophysical and financial challenges after all, the writing is on the wall
that COP21 1.5C aspiration global policy implementation will take a marginal challenge into
the economic toilet.

If you truly support COP21 and understand the consequences of continued unfettered burning
of oil, gas and coal, you would take assertive initiatives to begin winding down production with
immediate curtailment of CAPEX to expand infrastructure.

Following is an excerpt from the Alaska Dispatch News dated yesterday.

Sincerely yours,

Doug Grandt

Under settlement, ExxonMobil proposes more oil production at

Point Thomson field
By Alex DeMarban | Alaska Dispatch News | July 15, 2016 | Bit.ly/ADN15July17

The oil giant has begun working on engineering studies and seeking regulatory approval to
boost the light oil, or condensate, being produced at the Point Thomson field to more than
50,000 barrels daily from its current capacity of up to 10,000 barrels.
But ExxonMobil and partners won't make a final decision to approve the project until the end of
2019.

No expansion, however, and the oil giant could lose much of its acreage at the northeast Alaska
field, at the doorstep of the Arctic National Wildlife Refuge.

The potential penalty is part of the settlement with Alaska that forced ExxonMobil into
development, decades after it had become a unit in 1977. After nearly 30 years without oil or
gas production, the state under Gov. Frank Murkowski in 2005 put the unit in default and later
terminated the leases. Those steps launched the court battle that led to the agreement.

ExxonMobil has blamed the decades of delay on the field's complexity. Remote Point Thomson
is an extremely high-pressure reservoir, with the gas located more than two miles underground.

In a first step under the settlement, ExxonMobil built a $4 billion production system to produce
and ship up to 10,000 barrels of light oil daily. Production launched there in April 2016, and that
top rate was achieved on Dec. 20.

But ExxonMobil and partners won't make a final decision to approve the project until the end of
2019.

No expansion, however, and the oil giant could lose much of its acreage at the northeast Alaska
field, at the doorstep of the Arctic National Wildlife Refuge.

The potential penalty is part of the settlement with Alaska that forced ExxonMobil into
development, decades after it had become a unit in 1977. After nearly 30 years without oil or
gas production, the state under Gov. Frank Murkowski in 2005 put the unit in default and later
terminated the leases. Those steps launched the court battle that led to the agreement.

ExxonMobil has blamed the decades of delay on the field's complexity. Remote Point Thomson
is an extremely high-pressure reservoir, with the gas located more than two miles underground.

In a first step under the settlement, ExxonMobil built a $4 billion production system to produce
and ship up to 10,000 barrels of light oil daily. Production launched there in April 2016, and that
top rate was achieved on Dec. 20.

https://www.adn.com/business-economy/energy/2017/07/15/under-settlement-exxonmobil-
proposes-more-oil-production-at-point-thomson-field/