Speaking at an oil and natural gas conference in Norway, ExxonMobil's CEO said that new technological advances that have pushed the frontier of oil exploration and increased production from oil wells will help quench the world's thirst for oil for decades.
Rex Tillerson took over as CEO of Irving-based ExxonMobil, the world's biggest publicly traded oil company, 8 months ago. He said technology allowing oil companies to drill deeper will ensure that there is no shortage of supplies and that the Norwegian sector of the Barents Sea, shared with Russia, could contain one-third of Norway's undiscovered resources.
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