ExxonMobil: buys oil exploration block offshore Ghana
(CercleFinance.com) - ExxonMobil has signed a petroleum agreement with the government of Ghana to acquire exploration and production rights for an offshore oil exploration block.
Exploration activities, including the acquisition of seismic data and analysis, are expected to commence later in 2018.
Exxon cites a "high-quality" project in an area with "large resource potential."
The Deepwater Cape Three Points block, located 92 kilometres off the coast of Ghana, measures approximately 1,482 square kilometres, in water depths ranging from 1,550 metres to 2,850 metres.
ExxonMobil will carry out the works as operator, holding an 80 percent stake. Meanwhile, the Ghana National Petroleum Corporation will have 15% of the project.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
Exploration activities, including the acquisition of seismic data and analysis, are expected to commence later in 2018.
Exxon cites a "high-quality" project in an area with "large resource potential."
The Deepwater Cape Three Points block, located 92 kilometres off the coast of Ghana, measures approximately 1,482 square kilometres, in water depths ranging from 1,550 metres to 2,850 metres.
ExxonMobil will carry out the works as operator, holding an 80 percent stake. Meanwhile, the Ghana National Petroleum Corporation will have 15% of the project.
Copyright (c) 2018 CercleFinance.com. All rights reserved.