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Exxon Mobil has signed Production Sharing Contract with Equitorial Guniea for Oil acreage E.G.-11, hereby heading the list of acreage winners in Equatorial Guinea’s latest licensing bidding round.
Winners were revealed on Monday by Equatorial Guinea’s Minister of Mines and Hydrocarbons Gabriel, Obiag-Lima at the African Oil and Gas Conference in Cape Town, South Africa
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.
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