Three major oil firms, including ExxonMobil, Taleveras, and Ophir, yesterday, won oil blocks in Equatorial Guinea.

A major announcement to this effect was made by Equatorial Guinea’s Minister of Mines and Hydrocarbons, Gabriel Obiag-Lima, at the African Oil and Gas Conference in Cape Town.

All winners were revealed by Obiag-Lima at a press conference.

In a statement issued last night, ExxonMobil confirmed it had signed its Production Sharing Contract with Equatorial Guinea for oil acreage E.G.-11, thus heading the list of acreage winners in Equatorial Guinea’s latest licensing bidding round.

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

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

 

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