ExxonMobil chief cites progress in joint effort for responding to spills

09/23/2010 | FuelFix.com

A group of oil majors has developed a plan for a $1 billion project to construct a subsea device for containing crude at blown-out wells, said Rex Tillerson, CEO of ExxonMobil. The company in July joined with Shell, Chevron and ConocoPhillips on the effort. Work is being finalized by team that comprises 100 engineers and managers from the companies, Tillerson added.

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