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Re: Ecomike post# 1912

Monday, 06/05/2017 9:26:21 PM

Monday, June 05, 2017 9:26:21 PM

Post# of 4029
Exxon acquires exploration acreage in Equatorial Guinea

Exxon Mobil (XOM +0.9%) signs a production sharing contract with the government of Equatorial Guinea for an deepwater block the energy and mining minster calls "the jewel" among the group of prospective blocks it plans to sign this year.

XOM will be the operator of the EG-11 block with an 80% stake, and says the contract includes a commitment to acquire new and reprocess existing 3-D seismic data.

XOM already operates the Zafiro Field, the largest oil producing field in Equatorial Guinea.
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