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Exxon Mobil to spend $340m on new technology for 70-year-old East Texas oil field

EXXONMOBIL Corp. plans to spend $340 million to boost production of one of Texas’ oldest oil fields.
The Irving oil giant will add technology to extend the life of Hawkins Field in East Texas by 25 years and to draw 40 million more barrels of oil from the reservoir. Exxon has been producing oil at the field near Tyler for 70 years, since the company was known as Humble Oil.

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In 2009, Kosmos clinched $1B for Jubilee development

KOSMOS Energy’s 2009 capital raise exceeded US $1 billion. The amount includes US $825 million in project finance debt facilities committed by international financial and banking institutions, including US $75 million committed by Credit Suisse International in late 2009 and US $750 million secured in July 2009. The total amount also includes US $250 million of private equity invested by Warburg Pincus and The Blackstone Group.

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