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ExxonMobil acquires Mauritania stake

Written by  OE Staff Monday, 04 December 2017 08:41

ExxonMobil will explore three deepwater blocks offshore Mauritania after signing production sharing contracts for them with the government of Mauritania.

The company has acquired interests in Blocks C22, C17 and C14, which encompass almost 8.4 million acres in water depths ranging from 3300ft to 11,500ft (1000m to over 3500m). The three blocks are located an average of 124 miles (200km) offshore Mauritania, ExxonMobil announced today (4 December).

ExxonMobil’s exploration activities off Mauritania will include seismic data acquisition and analysis. The company will conduct the work program as operator with 90% interest. Societe Mauritanienne des Hydrocarbures et de Patrimoine Minier will hold 10% interest.

 

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