Taleveras, Exxon Mobil, Ophir win Equatorial Guinea Oil Blocks

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Three major oil firms, including Exxon Mobil, Taleveras, and Ophir yesterday won Oil Blocks in Equatorial Guinea.

The announcement was made by Equatorial Guinea’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 Guinea’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 nation’s Ronda 2016 open and competitive bidding round was declared a success by industry analyst and watchers.