ExxonMobil Acquires Exploration Acreage in Three Mauritania Offshore Blocks
December 04 2017 - 9:00AM
Business Wire
ExxonMobil today announced that its wholly owned affiliate,
ExxonMobil Exploration and Production Mauritania Deepwater Ltd.,
has signed production sharing contracts with the government of
Mauritania for three deepwater offshore blocks.
“These blocks further enhance ExxonMobil’s leading global
deepwater acreage position,” said Steve Greenlee, president of
ExxonMobil Exploration Company. “We thank the government of
Mauritania for the opportunity to evaluate the potential of this
acreage using our expertise and advanced technology.”
Blocks C22, C17 and C14 are located an average of 124 miles, or
200 kilometers, offshore Mauritania. Together they measure nearly
8.4 million acres in water depths ranging from 3,300 feet to 11,500
feet, or 1,000 meters to more than 3,500 meters.
Following government approval of the contracts, ExxonMobil will
begin exploration activities, including acquisition of seismic data
and analysis.
ExxonMobil will carry out the work program as operator with 90
percent interest. Societe Mauritanienne des Hydrocarbures et de
Patrimoine Minier holds a 10 percent interest.
About ExxonMobil
ExxonMobil, the largest publicly traded international energy
company, uses technology and innovation to help meet the world’s
growing energy needs. ExxonMobil holds an industry-leading
inventory of resources, is one of the largest refiners and
marketers of petroleum products, and its chemical company is one of
the largest in the world. For more information, visit
www.exxonmobil.com or follow us on Twitter
www.twitter.com/exxonmobil.
Cautionary Statement: Statements of future events or conditions
in this release are forward-looking statements. Actual future
results, including project plans and schedules could differ
materially due to changes in market conditions affecting the oil
and gas industry or long-term oil and gas price levels; political
or regulatory developments; reservoir performance; the outcome of
future exploration efforts; technical or operating factors; the
outcome of future commercial negotiations; and other factors
discussed under the heading “Factors Affecting Future Results”
available through the Investors page of our website at
exxonmobil.com.
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