Offshore staff

CALGARY, Alberta -- Imperial Oil and co-venturer ExxonMobil Canada have acquired exploration rights for a parcel in the Beaufort Sea.

"Imperial is pleased it was successful in acquiring this offshore acreage," says Randy Broiles, senior vice president, resources. "This parcel is a major addition to Imperial's undeveloped acreage position. Although the Arctic remains a high-potential, technology intensive frontier area, this presents a potential opportunity to add to our resource base in the Beaufort Sea and is consistent with our continued interest in energy development for Canada."

7/20/2007