Gulf Oil and Gas accountACCOUNT

ExxonMobil Acquires Exploration Acreage Offshore Ghana

Source: www.gulfoilandgas.com 1/18/2018, Location: Africa

ExxonMobil has signed a petroleum agreement with the government of Ghana to acquire exploration and production rights for the Deepwater Cape Three Points block. The agreement is subject to parliamentary ratification.

Exploration activities, including acquisition of seismic data and analysis, are expected to commence later in 2018. The Deepwater Cape Three Points block, located 57 miles (92 kms) off the coast of Ghana, measures approx. 366,000 acres (1,482 sq kms) in water depths ranging from 5,085 feet to 9,350 feet (1,550 meters to 2,850 meters).

'The addition of this block reaffirms ExxonMobil’s commitment to pursuing high-quality projects in areas with large resource potential,' said Steve Greenlee, president of ExxonMobil Exploration Company. 'We are excited to partner with the government of Ghana as we employ our significant upstream experience and technological expertise in assessing the exploration opportunities in this block.'

ExxonMobil will carry out the work program as operator, and holds 80 percent interest. Ghana National Petroleum Corp holds 15 percent interest. ExxonMobil will work with the government to identify a Ghanaian company to potentially hold up to 5 percent interest.

For more information about related Opportunities and Key Players visit West Africa Projects

Acquisitions and Divestitures News in Ghana >>

United States >>  11/20/2020 - Talos Energy Inc. ("Talos") (TALO) announced that it is the apparent high bidder on two deepwater blocks in the recent Outer Continental Shelf ("OCS")...
Philippines >>  11/18/2020 - Jadestone Energy Inc., an independent oil and gas production company focused on the Asia Pacific region, announces the voluntary relinquishment and te...

Russia >>  11/18/2020 - Rosneft has approved the sale of 10% in the charter capital of Vostok Oil to Trafigura. ...
Brazil >>  11/17/2020 - Petrobras, following up on the release disclosed on September 25, 2020, informs the beginning of the non-binding phase regarding the sale of all of it...

Gabon >>  11/17/2020 - VAALCO Energy, Inc. has signed a sale and purchase agreement (“SPA”) to acquire Sasol Gabon S.A.’s (“Sasol’s”) 27.8% working interest(1) in the Etame ...
Brazil >>  11/11/2020 - Petrobras, following up on the releases disclosed on July 21 and 29, August 26 and October 9, 2020, hereby informs that a judicial decision was issue...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Ghana Oil & Gas 1 >>  2 | 3 | 4 | 5 |

Oil & Gas Projects in Ghana >>

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.