ExxonMobil Wins Exploration Rights Offshore Egypt

Tuesday, January 10, 2023

Egypt has assigned ExxonMobil oil and gas exploration rights to two offshore blocks in the outer Nile Delta, according to a company statement on Tuesday.

The company's Egyptian subsidiary will operate both blocks and hold 100% interest, with exploration activities expected to start this year.

The awards for the blocks, which cover 11,000 square kilometers, are still subject to further government approvals.

(Reuters - Reporting by Sarah El Safty; editing by Jason Neely)


Categories: Drilling Industry News Activity Africa

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