Exxon Mobil, Taleveras, Ophir win Equatorial Guinea oil blocks

Posted by News Express | 5 June 2017 | 1,505 times

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•Equatorial Guinea’s Minister of Mines and Hydrocarbons Gabriel Obiag-Lima.

 

 Exxon Mobil, Taleveras and Ophir have won oil blocks in Equatorial Guinea. This was announced on Monday during the African Oil and Gas Conference holding in Cape Town, South Africa.

Exxon Mobil, in a press statement confirmed it has signed its Production Sharing Contract, with Equatorial Guinea for Oil acreage E.G.-11, hereby heading the list of acreage winners in Equatorial Guinea’s latest licensing bidding round. All winners were revealed by Equatorial Guinea’s Minister of Mines and Hydrocarbons Gabriel Obiag-Lima at a press conference in Cape Town.

UK-based Ophir Energy won the block EG 24, whilst Taleveras picked the highly potential EG-07 Oil block and Clonterf Energy landed Block EG-18.

The West African nation’s Ronda 2016 open and competitive bidding round was declared a success by Industry analyst and watchers.


Source: News Express

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