Four major oil firms won oil blocks in Equatorial Guinea on
Monday
Gabriel Obiag, the country’s minister of mines and
hydrocarbons, announced this at the African oil and gas
conference in Cape Town, South Africa.
The companies are: Exxon Mobil, Taleveras, UK-based
Ophir Energy and Clonterf Energy
Ophir Energy won the block EG 24, while Taleveras picked
the highly potential EG-07 oil block and Clonterf Energy
landed block EG-18.
In a press statement, Exxon Mobil said it had signed its
production sharing contract with Equatorial Guinea for oil
acreage, E.G.-11, leading the list of acreage winners in
Equatorial Guinea’s latest licensing bidding round.
Industry analyst and watchers of the West African nation’s
Ronda 2016 open and competitive bidding round declared it
a success.
TheCable
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