Current XOM Stock Info

EG-11 block lies adjacent to billion-barrel Zafiro field
ExxonMobil (ticker: XOM) announced today that it has signed a production sharing contract with the government of Equatorial Guinea for developing a deepwater block. Exxon’s wholly owned affiliate, Exploration and Production Equatorial Guinea, will develop the block.

The contract concerns the EG-11 deepwater block, which covers about 307,000 acres, is located 36 miles west of Malabo, the capital of Equatorial Guinea. ExxonMobil will own an 80% working interest in the block, and will be...

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