Exxon in Talks with Ivory Coast Over Two Oil Blocks
Ivory Coast is finalizing 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 on Friday.
"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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- November 21, 2014
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