Exxon Mobil, Taleveras, Others Awarded Equatorial Guinea Oil Blocks

Gabriel Obiang-Lima, Equatorial Guinea’s Minister of Mines and Hydrocarbons, on Monday announced the country has granted Exxon Mobil and Taleveras new oil production licenses.

Obiang-Lima made the announcement at the African Oil and Gas Conference in Cape Town.

The minister also named other beneficiaries of oil blocks as Ophir Energy and Clonterf Energy.

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He said UK based Ophir Energy won block EG 24, Taleveras got the EG-07 Oil block and Clonterf Energy clinched Block EG-18.

Confirming the development, Exxon Mobil in a statement on Monday, said it has signed Production Sharing Contract with Equitorial Guniea for Oil acreage E.G.-11.

“Block EG-11 is the jewel among a group of already very prospective blocks that we are signing in 2017,” Obiang-Lima had earlier said.

This places Exxon Mobil ahead of other acreage winners in Equatorial Guinea’s latest licensing bidding round.

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Recall that Exxon Mobil already operates Zafiro field, the largest oil producing field in Equatorial Guinea.

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