Four major oil firms won oil blocks in Equatorial Guinea on Monday.
Gabriel Obiag, the country’s minister of mines and hydrocarbons, announced this at the African oil and gas conference in Cape Town, South Africa.
The companies are: Exxon Mobil, Taleveras, UK-based Ophir Energy and Clonterf Energy
Ophir Energy won the block EG 24, while Taleveras picked the highly potential EG-07 oil block and Clonterf Energy landed block EG-18.
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In a press statement, Exxon Mobil said it had signed its production sharing contract with Equatorial Guinea for oil acreage, E.G.-11, leading the list of acreage winners in Equatorial Guinea’s latest licensing bidding round.
Industry analysts and watchers of the West African nation’s Ronda 2016 open and competitive bidding round declared it a success.
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