Property, Plant and Equipment

9 Months Ended

Sep. 30, 2013

Property Plant And Equipment Disclosure [Abstract]

Property, Plant and Equipment [Text Block]

 Property, Plant and Equipment

	September 30,			December 31,
(In millions)	2013			2012
North America E&P	$	25,858		$	23,748
International E&P	12,342			13,214
Oil Sands Mining	10,337			10,127
Corporate	456			449
Total property, plant and equipment	48,993			47,538
Less accumulated depreciation, depletion and amortization	(21,171		)	(19,266		)
Net property, plant and equipment	$	27,822		$	28,272

During the third quarter of 2013, our Libya production operations were impacted due to labor strikes at the Es Sider oil terminal. We had three oil liftings from Libya in July 2013, but no oil liftings in August or September. Uncertainty around sustained production and sales levels from Libya have existed since the first quarter of 2011 when production operations were suspended until limited production resumed in the fourth quarter of the same year.  We and our partners in the Waha concessions continue to assess the situation and the condition of our assets in Libya. As of September 30, 2013, our net property, plant and equipment investment in Libya was approximately $743 million.

Exploratory well costs capitalized greater than one year after completion of drilling were $220 million as of September 30, 2013.  The net decrease of $9 million from December 31, 2012 primarily related to the conveyance of our interests in the Marcellus natural gas shale play to the operator in February 2013.

Included in the total costs suspended for greater than one year are $127 million related to Angola Block 31 and $22 million related to Equatorial Guinea. The Angola Block 31 costs are included in the other noncurrent assets held for sale reported in Note 5. We intend to develop Block D offshore Equatorial Guinea through a unitization with the Alba field, which is now expected be completed late in 2014.