Midstream
Who monitors and controls pipeline flow 24 hours per day?
People in the Control Center or Operations Control Centre
What does VLCC stand for?
Very Large Crude Carrier
List our 5 “we are ExxonMobil” Core Values.
Integrity
Care
Courage
Excellence
Resilience
What is the most cost effective long distance transportation mode?
Pipeline
Define chartering and name one type of chartering.
Hiring another vessel/company to transport your good for you.
•Term Chartering
•Spot Chartering
What kind of settlement occurs when a trade is closed out with an offsetting trade, without the delivery of the physical commodity?
Financial Settlement
What modes of product distribution are supported by the Midstream business? (name 3)
Rail, pipelines, trucks, barges, vessels, terminals.
What year did our Marine Heritage start and under what Company Name ?
1882
Soconoy Mobil Oil
What is the simultaneous purchase and sale of an asset in different markets to profit from the difference in price?
Arbitrage
What is pigging or in-line services ?
Pipeline maintenance that involves the use of devices known as pigs, which clean pipelines and check their conditions without interfering with the flow of product.
What are the 2 of the 3 key priorities for Global Marine?
Driving Sustainability
Delivering Value
Inspiring people
What are the two key components of the Feed and Optimization Team Structure?
Economics and Optimization
What kind of materials do we transport ? (name 3)
Crude oil, liquid gas, asphalt, finished fuels
What amount of traded goods are transported over water?
a)85% b)90% c)87% d)82%
a) 85%
Name TWO of the FOUR key inputs used in the Feedstock and Optimization Economic Strategy.
Crude Avails & Pricing
Run Plans
Crude Assays
Produce Price Forecast