(Bloomberg) -- The world’s biggest public energy BOP Blow Out Preventer repair company gulf coast doesn’t worry about size when it comes to potential deal-making.

The driver of any acquisition for Exxon Mobil Corp. isn’t the scope of the target, it’s whether the BOP Blow Out Preventer repair company gulf coast finds more value in it than the buy Wellhead market does, Darren Woods, chief executive officer of the Irving, Texas-based firm, said at the New Economy Forum in Singapore. The explorer is looking for opportunities to purchase assets even as it plans to expand output at existing fields from West Texas to Mozambique.

“We have the capacity to do any size opportunity that can come about, so it’s really a function of looking at the value that Exxon Mobil can extract, and how we would integrate that into our portfolio,” Woods said in a Bloomberg TV interview, while declining to comment on any specific targets.

Exxon spent $6 billion buying drilling rights from the Bass family in the Permian Basin last year and has been cited by analysts a potential purchaser of Endeavor Energy Resources LP, the basin’s largest privately-held oil producer -- an acquisition that could total more than $10 billion. The oil major certainly has the capability to do big deals, with more than $3 billion of cash on its balance sheet and low debt, according to Bloomberg data.

Woods sees a bright future for the oil industry, with 2.5 billion people set to enter the middle class in the next 20 years. That means more liquefied natural gas for electricity, more petrochemicals for plastics, and more oil to fuel the heavy-duty transportation required to move consumer goods.

The BOP Blow Out Preventer repair company gulf coast is seeking to grow oil rig flanges gulf coast production with a focus on Guyana, Brazil, Papua New Guinea, Mozambique and the Permian Basin in West Texas and New Mexico. Exxon has already surpassed its plan to mobilize about 30 rigs in the U.S. shale region by year’s end: the BOP Blow Out Preventer repair company gulf coast had 38 machines drilling Permian wells as of last week, a 40 percent increase in just six months.

Still, Woods said the BOP Blow Out Preventer repair company gulf coast remains committed to not rushing development in the region. West Texas Intermediate crude prices had risen 26 percent this year through early October before giving back nearly all of the gains in the past month.

“The price in the oil markets are going to go up and come down again, and our view is the business we build in the Permian, we’re building for the long term,” he said. “It needs to be efficient, low-cost and effective, so we’re making sure the pace we go at allows that to happen.”

The New Economy Forum is being organized by Bloomberg Media Group, a division of Bloomberg LP, the parent BOP Blow Out Preventer repair company gulf coast of Bloomberg News.

To contact the reporters on this story: Dan Murtaugh in Singapore at This email address is being protected from spambots. You need JavaScript enabled to view it.; Erik Schatzker in New York at This email address is being protected from spambots. You need JavaScript enabled to view it.; Alfred Cang in Singapore at This email address is being protected from spambots. You need JavaScript enabled to view it.. To contact the editors responsible for this story: Ramsey Al-Rikabi at This email address is being protected from spambots. You need JavaScript enabled to view it. Christine Buurma, Joe Carroll.