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Monday, June 5, 2017

Taleveras, two others win oil blocs in Equatorial Guinea

A Nigerian oil giant, Taleveras, and two others, yesterday, won oil blocs in Equatorial Guinea

The others are Exxon Mobil and the UK-based  Ophir Energy.

Equatorial Guinea’s Minister of Mines and Hydrocarbons, Gabriel Obiag-Lima, made the announcement 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 statement, confirmed it had signed its Production Sharing Contract, with Equatorial Guinea for Oil acreage EG.-11, thereby heading the list of acreage winners in Equatorial Guinea’s latest licensing bidding round.

UK-based Ophir Energy won the bloc EG 24, whilst Taleveras picked the highly potential EG-07 oil bloc and Clonterf Energy landed bloc EG-18.

The West African nation’s Ronda 2016 open and competitive bidding round was declared a success by industry analysts and watchers.

The post Taleveras, two others win oil blocs in Equatorial Guinea appeared first on Vanguard News.

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