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Exxon Mobil in Final Talks with Ivory Coast over Two Oil Blocks

Source: Reuters 11/21/2014, Location: Africa

Ivory Coast is finalising production sharing agreements with oil company Exxon Mobil for two ultra-deepwater blocks in the Gulf of Guinea, a senior official with the country's energy ministry told Reuters.

"It's with Exxon Mobil. We expect to finish discussions before the end of the year," said Ibrahima Diaby, director of hydrocarbons at the ministry, speaking on the sidelines of an oil and gas seminar in the capital Yamoussoukro. "A memorandum of understanding was signed for the two ultra-deep blocks and negotiations for the production sharing agreements are very advanced," he said.

Ivory Coast is seeking investors for seven new ultra-deepwater blocks, inviting Exxon Mobil, Total, Eni, Anadarko Petroleum, Tullow Oil and ConocoPhillips to a promotional event in Texas last month.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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