EXXONMOBIL has confirmed that its signed production sharing contract with Equitorial Guniea for Oil acreage EG-1.

The ExxonMobilwas made today at the African Oil and Gas Conference in Cape Town, South Africa. A statement issued by ExxonMobil stated that it is heading the list of acreage winners in Equatorial Guinea’s latest licensing bidding round.

All winners were revealed by Gabriel Obiag-Lima, Equatorial Guinea’s minister of mines and hydrocarbons at a press conference in Capetown.

UK based Ophir Energy won the block EG -24, whilst Taleveras picked the highly potential EG-07 oil block and Clonterf Energy landed Block EG-18.

The West African nation’s Ronda 2016 open and competitive bidding round was declared a success by Industry analyst and watchers.

—  Jun 5, 2017 @ 18:30 GMT