ExxonMobil, QatarEnergy sign farm out for North Marakia block offshore Egypt
ExxonMobil signed an agreement to farm out working interest in the North Marakia exploration block offshore Egypt to QatarEnergy. Subject to customary approvals by the government of Egypt, QatarEnergy will hold a 40% working interest in the North Marakia Offshore Block in the Mediterranean Sea, An ExxonMobil affiliate will remain operator with 60% interest. The […]
Egypt, ExxonMobil sign two offshore Mediterranean exploration agreements
Egypt has signed two deals with Exxon Mobil Corp for oil and gas exploration in the Mediterranean, the petroleum ministry said on Tuesday. The deals involve a minimum investment of $332 million, the ministry said in a statement. Exxon Mobil announced the acquisition of more than 1.7 million acres last month. The first agreement is […]
ExxonMobil secures over 1.7 mn acres for exploration offshore Egypt
ExxonMobil secures exploration acreage offshore Egypt Acquires more than 1.7 million acres offshore Egypt Adds upstream interests to longstanding downstream business in Egypt Exploration operations scheduled to begin in 2020 “These awards strengthen our exploration portfolio in the Eastern Mediterranean,” said Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil. “We look […]
