Three major oil firms namely Exxon Mobil, Taleveras and Ophir on Monday won oil blocks in Equatorial Guinea.
Equatorial Guinea’s Minister of Mines and Hydrocarbons, Gabriel Obiag-Lima, disclosed this at the African Oil and Gas Conference in Cape Town, South Africa.
The winners were revealed by Obiag-Lima at a press conference.
Exxon Mobil, in a statement confirmed it has signed its Production Sharing Contract with Equatorial Guinea for Oil acreage E.G.-11, thus heading the list of acreage winners in the Central African nation’s latest licensing bidding round.
United Kingdom- based Ophir Energy won the block EG 24, while Taleveras picked the highly potential EG-07 oil block.
Clonterf Energy landed Block EG-18.
Equatorial Guinea is Africa’s seventh largest oil producer behind Nigeria, Angola, Algeria, Libya, Egypt and Sudan.
Other countries in the top 10 are – Republic of Congo, Gabon and South Africa.