Home / Business / premiumtimesng declare : Equatorial Guinea signs oil production-sharing deal with ExxonMobil

premiumtimesng declare : Equatorial Guinea signs oil production-sharing deal with ExxonMobil

collected by :John Locas

As it stated in

ExxonMobil already operates Zafiro field, the largest oil producing field in Equatorial Guinea.
Related NewsEquatorial Guinea has signed a production-sharing contract for offshore block EG-11 with U.S. oil major ExxonMobil, the hydrocarbons ministry said on Monday.
Equatorial Guinea is the third largest producer of oil in Sub-Saharan Africa.
“Block EG-11 is the jewel among a group of already very prospective blocks that we are signing in 2017,’’ Mr. Lima said.
Gabriel Obiang Lima, Minister of Mines and Hydrocarbons, said in Cape Town that the deal was not part of the 2016 licensing round, whose winning bidders are expected to be announced later on Monday.

as informed in

ExxonMobil to acquire deepwater block in Equatorial GuineaExxonMobil unit Exploration and Production Equatorial Guinea (Deepwater) has entered a production sharing contract with the Government of Equatorial Guinea to acquire the EG-11 deepwater block.
Alongside block EG-11, ExxonMobil Exploration and Production Equatorial Guinea (Offshore) holds an 80% interest in the adjacent block EG-06.
ExxonMobil Exploration Company president Steve Greenlee said: “We look forward to building on our more than 20-year history of safe operations in Equatorial Guinea with this new high-quality exploration opportunity.
GEPetrol and Equatorial Guinea own 23.75% and 5% stake respectively.
Situated nearly 36 miles west of Malabo, the block lies adjacent to Zafiro field in Block B and measures around 307,000 acres.

ExxonMobil to acquire deepwater block in Equatorial Guinea

as informed in

Nigerian Energy Group Taleveras And ExxonMobil Win Oil Blocks In Equatorial Guinea

Taleveras, an African energy conglomerate owned by Nigerian multi-millionaire oilman Igho Sanomi, has been awarded an oil block in Equatorial Guinea.
UK-based Ophir Energy won the block EG 24, whilst Taleveras picked the EG-07 Oil block.
Apart from Taleveras, the minister announced that Exxon Mobil and UK-based Ophir Energy have also been awarded oil blocks in the west central African country.
Equatorial Guinea’s Minister of Mines and Hydrocarbons, Gabriel Obiag-Lima revealed this on Monday during the African Oil and Gas Conference in Cape Town, South Africa.
Igho Sanomi Family OfficeExxonMobil has already signed its Production Sharing Contract with Equatorial Guinea for oil acreage E.G.-11.

Nigerian Energy Group Taleveras And ExxonMobil Win Oil Blocks In Equatorial Guinea

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