Three major oil firms, including Exxon Mobil, Taleveras, and Ophir yesterday won Oil Blocks in Equatorial Guinea.
The announcement was made by Equatorial Guineaâ€™s Minister of Mines and Hydrocarbons Gabriel Obiag-Lima, at the African Oil and Gas Conference in Cape Town.
All winners were revealed by Obiag-Lima at a press conference.
Exxon Mobil, in a press statement confirmed it has signed its Production Sharing Contract with Equatorial Guinea for Oil acreage E.G.-11, hereby heading the list of acreage winners in Equatorial Guineaâ€™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 and Clonterf Energy landed Block EG-18.
The West African nationâ€™s Ronda 2016 open and competitive bidding round was declared a success by industry analyst and watchers.