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HomeBankingExxonMobil: Secures exploration acreage offshore Egypt

ExxonMobil: Secures exploration acreage offshore Egypt

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ExxonMobil: Secures exploration acreage offshore Egypt

  • ExxonMobil is a global leader in LNG project execution and also holds an industry-leading inventory of resource
  • Acquires more than 1.7 million acres offshore Egypt
  • Adds upstream interests to longstanding downstream business in Egypt
  • Exploration operations also scheduled to begin in 2020
  • The acquisition includes acreage in the 1.2 million North Marakia Offshore block
  • The awards add upstream interests to ExxonMobil’s long standing downstream presence in Egypt

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